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IRCE
AGM Information • Apr 28, 2023
4035_agm-r_2023-04-28_eb9fa052-100b-4492-a7c6-d69934866b08.pdf
AGM Information
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| Informazione Regolamentata n. 0163-11-2023 |
Data/Ora Ricezione 28 Aprile 2023 15:01:27 |
Euronext Star Milan | ||
|---|---|---|---|---|
| Societa' | : | IRCE | ||
| Identificativo Informazione Regolamentata |
: | 176051 | ||
| Nome utilizzatore | : | IRCEN01 - CASADIO ELENA | ||
| Tipologia | : | 1.1 | ||
| Data/Ora Ricezione | : | 28 Aprile 2023 15:01:27 | ||
| Data/Ora Inizio Diffusione presunta |
: | 28 Aprile 2023 15:05:05 | ||
| Oggetto | : | IRCE's Shareholders meeting has approved 2022 Financial Statements |
||
| Testo del comunicato |
Vedi allegato.
IRCE'S SHAREHOLDERS MEETING HAS APPROVED 2022 FINANCIAL STATEMENTS
IRCE SPA's shareholders' meeting has today approved the financial statements as of December 31st 2022 and has resolved a dividend distribution of € 0.06 per share with ex-dividend date 22 May 2023, record date 23 May 2023 and payment date 24 May 2023
Results are reported in the following table.
| Consolidated income statement data (€/million) |
Year 2022 | Year 2021 | Change |
|---|---|---|---|
| Turnover1 | 454.70 | 457.14 | (2.44) |
| Turnover without metal2 | 96.69 | 92.37 | 4.32 |
| EBITDA3 | 19.37 | 23.20 | (3.83) |
| EBIT | 11.55 | 14.36 | (2.81) |
| Result before tax | 10.30 | 14.16 | (3.86) |
| Net Result for the year | 9.20 | 9.38 | (0.18) |
| Adjusted EBITDA4 Adjusted EBIT4 |
19.93 12.11 |
22.96 14.12 |
(3.03) (2.01) |
1 The item "Turnover" represents the "Revenues" reported in the income statement.
2 Turnover without metal corresponds to the total turnover less the metal component.
EBITDA is a performance indicator the Group's Management uses to assess the operating performance of the company and is not an IFRS measure; IRCE S.p.A. calculates it by adding depreciation/amortisation, provisions and write-downs to EBIT.
Adjusted EBITDA and EBIT are calculated as the sum of EBITDA and EBIT and the gains/losses on copper and electricity derivatives transactions (€ +0,56 million in 2022 and € -0.24 million in 2021). These are indicators the Group's Management uses to monitor and assess its own operating performance and are not IFRS measures. Given that the composition of these measures is not regulated by the reference accounting standards, the criterion used by the Group may not be consistent with that adopted by others and is therefore not comparable.
| Consolidated statement of financial position data | As of 31.12.2022 | As of 31.12.2021 | Change |
|---|---|---|---|
| (€/million) |
| Net invested capital 3 | 204.69 | 196.25 | 8.44 |
|---|---|---|---|
| Shareholders' equity | 144.79 | 131.96 | 12.83 |
| Net financial position 4 | 59.90 | 64.29 | (4.39) |
The shareholders' meeting has appointed the Board of Auditors for the years 2023-2024-2025 only the list of the majority shareholder Aequafin S.p.A has been deposited. The following Auditor have been appointed: chairman Ms Donatella Vitanza, regular Mr Fabrizio Zappi and Mr Giuseppe Di Rocco and substitute Mr Federico Polini and Ms Debora Frezzini.
The shareholders' meeting has resolved the authorization to buy and to transfer own shares according to art. 2357 civil code.
The Shareholders' Meeting resolved, pursuant to art. 123 ter of the TUF, in a favorable sense on the first section of the remuneration report and expressed a favorable (non-binding) opinion on the second section of the remuneration report.
Imola, 28 April 2023
IRCE SPA
Contacts: Investor relation: Sepriano Gianfranco Tel. + 39 0382 77535 e-mail [email protected] Press Office: Elena Casadio Tel. + 39 0542 661220, e-mail: [email protected]
IRCE Group is an important player in the winding wires and electric cable sector. The production is deployed in 4 facilities in Italy and 5 facilities abroad: Nijmegen (NI), Blackburn (UK), Joinville SC (Brazil), Kochi (India) and Kierspe (Germany). The Group includes also 5 commercial companies; four of them are located outside Italy (Germany, Spain, Switzerland, Poland) and a new company in China. The Group employs 710 employees.
Net invested capital is the sum of net working capital, fixed assets, other receivables net of other payables, provisions for risks and charges and provisions for employee benefits.
The methods for measuring the net financial position as defined by Consob's Notice no. 5/21 of 29 April 2021, which incorporates the ESMA Guideline published on 4 March 2021.
PRESS RELEASE