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Grifal
Earnings Release • Mar 29, 2023
4451_er_2023-03-29_e541de24-975d-4aab-8934-14e737678492.pdf
Earnings Release
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| Informazione Regolamentata n. 20131-7-2023 |
Data/Ora Ricezione 29 Marzo 2023 14:12:06 |
Euronext Growth Milan | ||
|---|---|---|---|---|
| Societa' | : | GRIFAL | ||
| Identificativo Informazione Regolamentata |
: | 174290 | ||
| Nome utilizzatore | : | GRIFALN01 - Frattini | ||
| Tipologia | : | 1.1 | ||
| Data/Ora Ricezione | : | 29 Marzo 2023 14:12:06 | ||
| Data/Ora Inizio Diffusione presunta |
: | 29 Marzo 2023 14:12:07 | ||
| Oggetto | : | Correction: Typo Error in the Consolidated Income Statement Table Attached to the Press Release of March 28, 2023 |
||
| Testo del comunicato |
Vedi allegato.
Press Release
Correction: Typographical Error in the Consolidated Income Statement Table Attached to the Press Release of March 28, 2023
Cologno al Serio (BG), 29 March 2023
To correct the press release dated March 28, 2023, Grifal Spa reports that, due to a simple error, the Consolidated Income Statement table attached to the release indicated revenues from core operations amounting to €38,875,510, while the actual Revenues from Core Operations are equal to €36,875,510, as correctly reported in the title and comments of the press release. Further, the following attachments are provided below:
For the sake of completeness, the following attachments are provided below:
- Consolidated Income Statement as of December 31, 2022, compared to December 31, 2021
- Consolidated Balance Sheet as of December 31, 2022, compared to December 31, 2021
- Consolidated Net Financial Position as of December 31, 2022, compared to June 30, 2022
This press release is available in the "Financial Press Releases" section of the Investor Relations area on www.grifal.it.
Grifal Group, a leading Italian packaging designer, supplier and equipment manufacturer, was created in 2021 when Grifal Spa, a company operating in the industrial packaging sector since 1969 and listed on Euronext Growth Milan (GRAL), acquired the operational branches of Tieng Srl and Cornelli Brand Packaging Experience Srl. The strategy is based on the continuing success of cArtù® technology and cushionPaper™ product line becoming the new eco-sustainable packaging standards, through the development of an international network of production sites in partnership with packaging manufacturers.
Contacts:
| Grifal Spa | Euronext Growth Adivsor | Specialist & Corporate Broker | SEC Newgate Italia Srl Società |
|---|---|---|---|
| Banca Finnat Euramerica SpA | MIT Sim SpA | Benefit | |
| Giulia Gritti, | Mario Artigliere, | [email protected] | Angelo Vitale, |
| Director of Marketing, | Senior Manager | Corporate Communications, | |
| [email protected] | Advisory & Corporate Finance, | [email protected] | |
| [email protected] | |||
| Paolo Frattini, | |||
| Investor Relations, | |||
| [email protected] |
| Description | 31/12/2022 | % on revenue | 31/12/2021 | % on revenue |
|---|---|---|---|---|
| Revenue | 36.875.510 | 100,0% | 26.065.177 | 100,0% |
| Change in work in progress, semi-finished and finished products and increases in internally constructed fixed assets |
3.680.576 | 10,0% | 3.677.621 | 14,1% |
| Raw, ancillary and consumable materials and goods for resale |
17.497.419 | 47,4% | 12.535.538 | 48,1% |
| Services and use of third party assets | 10.126.211 | 27,5% | 8.258.478 | 31,7% |
| VALUE ADDED | 12.932.456 | 35,1% | 8.948.782 | 34,3% |
| Other operating income | 866.028 | 2,3% | 1.006.050 | 3,9% |
| Employee and personnel cost | 9.294.255 | 25,2% | 7.732.883 | 29,7% |
| Other operating expenses | 131.488 | 0,4% | 115.767 | 0,4% |
| EBITDA | 4.372.741 | 11,9% | 2.106.182 | 8,1% |
| Depreciation and amortisation | 3.067.359 | 8,3% | 2.821.484 | 10,8% |
| EBIT | 1.305.382 | 3,5% | -715.302 | -2,7% |
| Interest income and expenses | -540.501 | -1,5% | -261.089 | -1,0% |
| EBT | 764.881 | 2,1% | -976.391 | -3,8% |
| Income taxes | 332.834 | 0,9 | -139.889 | -0,5% |
| Net profit (loss) for the year | 432.047 | 1,2 | -836.502 | -3,2% |
Consolidated P&L as at 31 December 2022 vs 31 December 2021
Consolidated Balance Sheet as at 31 December 2022 vs 31 December 2021
| Description | 31/12/2022 | 31/12/2021 |
|---|---|---|
| Fixed assets | 29.478.972 | 23.943.478 |
| Current assets | 22.293.847 | 17.447.280 |
| Accruals and referrals | 643.721 | 786.314 |
| Total assets | 52.416.540 | 42.177.072 |
| Group shareholders' equity: | 17.696.371 | 16.681.619 |
| - net profit (loss) for the year | 432.047 | -836.502 |
| Reserves for contingencies and other charges | 186.185 | 48.172 |
| Pensions provisions | 1.482.666 | 1.440.421 |
| Current liabilities | 21.516.691 | 15.353.305 |
| Non-current liabilities | 10.813.615 | 8.378.319 |
| Accruals and referrals | 721.012 | 275.237 |
| Total equity and liabilities | 52.416.540 | 42.177.072 |
| Description | 31/12/2022 | 30/06/2022 |
|---|---|---|
| A. Cash | 78.304 | 792.389 |
| B. Cash equivalents | - | - |
| C. Other current financial assets | 314.259 | 273.704 |
| D. LIQUIDITY (A + B + C) | 392.563 | 1.066.093 |
| E. Current financial liabilities | 6.005.784 | 5.801.510 |
| F. Current part of non-current financial liabilities | 2.438.181 | 4.251.886 |
| G. CURRENT FINANCIAL DEBT (E + F) | 8.443.965 | 10.053.396 |
| H. NET CURRENT FINANCIAL DEBT (G - D) | 8.051.402 | 8.987.303 |
| I. Non-current financial liabilities | 10.813.615 | 8.972.823 |
| J. Debt instruments | - | - |
| K. Commercial debt and other non-current liabilities | - | - |
| L. NON-CURRENT FINANCIAL DEBT (I + J + K) | 10.813.615 | 8.972.823 |
| M. NET FINANCIAL DEBT (H + L) | 18.865.018 | 17.960.126 |