Silvano Fashion Group Logo

Silvano Fashion Group

ISIN: EE3100001751 | Ticker: SFG1T | LEI: 529900JNG41RRJKJYB65
Country: Estonia

About Silvano Fashion Group

Company Description

Silvano Fashion Group developes six lingerie, beachware and underware brands: Milavitsa, Lauma Lingerie, Alisee, Aveline and Laumelle for ladies, Hidalgo underware for men.

- branded products are sold through wholesale channel, franchised stores and own retail operated under the Milavitsa and Lauma Lingerie retail chains. There is alltogether 680 branded stores: 631 Milavitsa and 49 Lauma Lingerie stores, among them 594 franchise and 86 Group own operated retail stores.
- is selling lingerie products to 23 different countries. Key sales markets are Russia, Belarus, Ukraine and Baltics.
- manufacturing capacity is comprised of Milavitsa and Junona lingerie factories located in Minsk, Belarus, Gimil factory for jersey and knitted garments located in Minsk, Belarus and Lauma Lingerie factory located in Liepaja, Latvia. Multiple production facilities in different countries and a diversified franchise and retail chain add versatility and flexibility to the operations of the Group.

Year founded


Served area





Tulika 15/17, 10613 Tallinn – Estonia

Financial statements

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Line item in (eur) 01.01.2020 01.01.2021 01.01.2022
Assets N/A 42,256,000.00 53,753,000.00
Noncurrent Assets N/A 12,659,000.00 13,422,000.00
Property Plant And Equipment N/A 9,691,000.00 9,971,000.00
Investment Property N/A 1,018,000.00 1,086,000.00
Intangible Assets Other Than Goodwill N/A 374,000.00 535,000.00
Investment Accounted For Using Equity Method N/A 57,000.00 80,000.00
Noncurrent Lease Prepayments N/A 249,000.00 262,000.00
Deferred Tax Assets N/A 1,032,000.00 1,226,000.00
Noncurrent Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value N/A 238,000.00 262,000.00
Current Assets N/A 29,597,000.00 40,331,000.00
Inventories N/A 18,527,000.00 20,906,000.00
Current Trade Receivables N/A 1,022,000.00 909,000.00
Cash and cash equivalents 5,152,000.00 8,980,000.00 17,098,000.00
Other Current Assets N/A 222,000.00 269,000.00
Equity And Liabilities N/A 42,256,000.00 53,753,000.00
Equity 29,751,000.00 27,818,000.00 37,861,000.00
Issued Capital N/A 3,600,000.00 3,600,000.00
Retained Earnings N/A 33,140,000.00 42,526,000.00
Share Premium N/A 4,967,000.00 4,967,000.00
Statutory Reserve N/A 1,306,000.00 1,306,000.00
Equity Attributable To Owners Of Parent N/A 24,504,000.00 34,148,000.00
Noncontrolling Interests N/A 3,314,000.00 3,713,000.00
Liabilities N/A 14,438,000.00 15,892,000.00
Noncurrent Liabilities N/A 5,659,000.00 6,524,000.00
Noncurrent Provisions For Employee Benefits N/A 52,000.00 51,000.00
Deferred Tax Liabilities N/A 500,000.00 1,746,000.00
Longterm Borrowings N/A 400,000.00 0.00
Current Liabilities N/A 8,779,000.00 9,368,000.00
Trade And Other Current Payables N/A 5,583,000.00 6,504,000.00
Current Tax Liabilities Current N/A 675,000.00 671,000.00
Current Borrowings And Current Portion Of Noncurrent Borrowings N/A 400,000.00 0.00
Line item in (eur) 01.01.2020/
Revenue From Contracts With Customers 38,479,000.00 46,686,000.00
Profit Loss From Operating Activities 10,544,000.00 13,005,000.00
Profit Loss Before Tax 4,055,000.00 14,157,000.00
Income Tax Expense Continuing Operations 2,388,000.00 4,233,000.00
Profit (loss) 1,667,000.00 9,924,000.00
Profit Loss Attributable To Owners Of Parent 1,347,000.00 9,031,000.00
Profit Loss Attributable To Noncontrolling Interests 320,000.00 893,000.00
Line item in (eur) 01.01.2020 01.01.2021 01.01.2022
Profit (loss) N/A 1,667,000.00 9,924,000.00
Adjustments For Income Tax Expense N/A 2,388,000.00 4,233,000.00
Adjustments For Decrease Increase In Inventories N/A 832,000.00 -1,979,000.00
Adjustments For Depreciation And Amortisation Expense N/A 3,567,000.00 3,237,000.00
Interest Paid Classified As Operating Activities N/A 9,000.00 2,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A 1,736,000.00 2,155,000.00
Cash Flows From Used In Operating Activities N/A 6,356,000.00 12,996,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A 75,000.00 143,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 289,000.00 312,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 110,000.00 147,000.00
Dividends Received Classified As Investing Activities N/A 46,000.00 0.00
Interest Received Classified As Investing Activities N/A 13,000.00 19,000.00
Cash Flows From Used In Investing Activities N/A -265,000.00 -297,000.00
Payments From Changes In Ownership Interests In Subsidiaries N/A 26,000.00 0.00
Proceeds From Borrowings Classified As Financing Activities N/A 800,000.00 0.00
Repayments Of Borrowings Classified As Financing Activities N/A 0.00 800,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 2,003,000.00 2,402,000.00
Dividends Paid Classified As Financing Activities N/A 413,000.00 750,000.00
Cash Flows From Used In Financing Activities N/A -2,134,000.00 -4,402,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A 3,957,000.00 8,297,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A -129,000.00 -254,000.00
Cash and cash equivalents 5,152,000.00 8,980,000.00 17,098,000.00

Please note that some sums might not add up.

Filings & Publications


Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information






Consumer Discretionary

Industry Group

Consumer Durables & Apparel


Textiles, Apparel & Luxury Goods


Apparel, Accessories & Luxury Goods

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