{"id":3279,"date":"2024-04-24T18:24:23","date_gmt":"2024-04-24T16:24:23","guid":{"rendered":"https:\/\/redelfi.com\/non-categorizzato\/redelfi-shareholders-meeting-approves-annual-report-2023\/"},"modified":"2024-12-05T15:46:32","modified_gmt":"2024-12-05T14:46:32","slug":"redelfi-shareholders-meeting-approves-annual-report-2023","status":"publish","type":"post","link":"https:\/\/redelfi.com\/en\/press-releases\/redelfi-shareholders-meeting-approves-annual-report-2023\/","title":{"rendered":"Redelfi Shareholders’ Meeting Approves Annual Report 2023"},"content":{"rendered":"

Read the press release<\/a> in PDF format (in Italian)<\/p>\n

 <\/p>\n

REDELFI SHAREHOLDERS’ MEETING APPROVES 2023 OPERATING BUDGET<\/strong><\/p>\n

Milan, April 24, 2024<\/em><\/p>\n

The Redelfi S.p.A.<\/strong> shareholders’ Meeting of(“Redelfi<\/strong>” or the “Company<\/strong>”),<\/strong> the parent company of the industrial group of the same name with operational headquarters in Genoa \u2013 engaged in the development of innovative and sustainable infrastructures to promote the energy transition, and listed on the Euronext Growth Milan<\/em> of Borsa Italiana – met in ordinary session today under the chairmanship of Dr. Davide Sommariva.<\/p>\n

 <\/p>\n

CONSOLIDATED AND STATUTORY FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023<\/strong><\/p>\n

The Shareholders’ Meeting reviewed and approved the Annual Report and reviewed the Consolidated Financial Statements as of December 31, 2023.<\/p>\n

 <\/p>\n

Consolidated Financial Statements as of December 31, 2023 – Highlights<\/strong><\/em><\/p>\n

Production<\/strong> Value <\/strong>amounted to Euro 11 million, thus registering a 142% growth compared to December 31, 2022 (EUR 4.5 million). This result is attributable to EUR 8.5 million from the Green B.U. (EUR 2 million as of December 31, 2022), an increase of more than 4 times.<\/p>\n

EBITDA<\/strong> (Gross Operating Margin) amounted to EUR 5.1 million, with EBITDA margin<\/strong> of 46.3 percent, a clear increase compared to December 31, 2022 (amounting to EUR 1.7 million).<\/p>\n

EBIT<\/strong>, at EUR 4.6 million, grew by 301% compared to Dec. 31, 2022 (EUR 1.1 million), due to depreciation and amortization remaining essentially constant during the year, which resulted in substantial growth and an EBIT margin<\/strong> of 41.9%.<\/p>\n

Consolidated Net Income<\/strong> amounted to 3 million euros (including 2.2 million euros attributable to the Group), after taxes of approximately 1.3 million euros. The change of more than 2.6 million euros from the previous year is entirely attributable to the activities of B.U. Green.<\/p>\n

The Net Financial Position<\/strong> is cash negative by EUR 4.8 million, increased by Euro 4.1 million, mainly attributable to the bond loan underwritten by Anthilia on April 14, 2023 (the “Anthilia Loan”) and investments made during the year.<\/p>\n

 <\/p>\n

Annual financial statements as of December 31, 2023 – Highlights<\/strong><\/em><\/p>\n

Production<\/strong> Value <\/strong>amounted to EUR 4.1 million, thus showing significant growth (+144%) compared to December 31, 2022 (EUR 2.8 million). This result is attributable to the Green B.U.<\/em> for the amount of EUR 3.9 million (EUR 2 million as of December 31, 2022), an increase of 100%.<\/p>\n

EBITDA<\/strong> (Gross Operating Margin) was EUR 1.2 million, with EBITDA margin<\/strong> of 29.03%.<\/p>\n

EBIT<\/strong> was EUR 1 million (equal to EUR 1.2 million as of Dec. 31, 2022) after depreciation and amortization of EUR 0.3 million, resulting in an EBIT margin<\/strong> of 22.35%.<\/p>\n

Net income<\/strong> was EUR 0.6 million, after taxes of EUR 0.2 million, in line with the previous result.<\/p>\n

Net Financial Position<\/strong> is cash negative by EUR 4.3 million, mainly influenced by the Anthilia Loan.<\/p>\n

 <\/p>\n

ALLOCATION OF PROFIT FOR THE YEAR OF REDELFI S.P.A.<\/strong><\/p>\n

The shareholders resolved to allocate the profit for the year, amounting to 568,335 euros, to the legal reserve in the amount of 28,417 euros and to retained earnings in the amount of 539,918 euros.<\/p>\n

 <\/p>\n

FILING<\/strong><\/p>\n

The Minutes of the Shareholders’ Meeting and the Summary Voting Report will be made available to the public at the registered office and on the website www.redelfi.com (Investor Relations section > Shareholders’ Meeting), as well as on the website www.borsaitaliana.it (Shares section > Documents) within the timeframe prescribed by current regulations.<\/p>\n

 <\/p>\n

FURTHER COMMUNICATIONS<\/strong><\/p>\n

The Company, following the receipt of the notice about the transfer of shares held by the shareholder Gieffe S.r.l. to the natural person of Gianluca Ferrara (hereinafter the “Share Transfer”), legal representative and sole shareholder of the transferor company, hereby notifies, pursuant to Art. 26 of the Euronext Growth Milan Issuers’ Regulations, that from the latest findings in its possession, the share capital is composed as follows:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Shareholder<\/strong><\/th>\nn. stocks<\/strong><\/th>\n%<\/th>\n<\/tr>\n<\/thead>\n
Marinetta S.r.l. *<\/td>\n3.321.814<\/td>\n39,26%<\/td>\n<\/tr>\n
Intersidera S.r.l. **<\/td>\n653.306<\/td>\n7,72%<\/td>\n<\/tr>\n
Gianluca Ferrara<\/td>\n568.056<\/td>\n6,71%<\/td>\n<\/tr>\n
Davide Sommariva<\/td>\n526.128<\/td>\n6,22%<\/td>\n<\/tr>\n
Alessandro Ivaldi<\/td>\n98.400<\/td>\n1,10%<\/td>\n<\/tr>\n
Domenico Giacobino<\/td>\n93.247<\/td>\n1,10%<\/td>\n<\/tr>\n
Floating<\/td>\n3.200.129<\/td>\n37,82%<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n8.461.080<\/strong><\/td>\n100,00%<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

* 72.34% attributable to the Chairman of the Board of Directors Davide Sommariva
\n** Company 50% attributable to the Chief Executive Officer Raffaele Palomba<\/p>\n

The Company will update the composition of the shareholder base and provide timely information if any communications are received from shareholders.<\/p>\n

It should be noted that in execution of the authorization of the Annual General Meeting of Shareholders on December 23, 2022 (see press release of December 23, 2022 for more details), as of today’s date the Company owns no. 247,500 treasury shares, corresponding to 2.92 percent of the share capital, with a total value of 397,300 euros.<\/p>\n

This press release is available on website www.redelfi.com, section , and on www.1info.it.><\/p>\n

***<\/p>\n

Redelfi<\/span><\/span> is the parent company of the <\/span>Redelfi<\/span> Group active in the digital and green transition by taking a highly innovative approach to defining products, <\/span>services<\/span> and processes with a strong focus on adherence to ESG principles in business management. In the <\/span>financial year<\/span> 2023, the Group <\/span>achived<\/span> a Production Value of Euro 11 million and a Net Profit of Euro 3 million. The Net Financial Position is cash negative <\/span>in the amount of<\/span> Euro 4.8 million and the Net Equity is Euro 25 million.<\/span><\/span>\u00a0<\/span><\/p>\n

Contacts<\/strong>:<\/p>\n

ISSUER
\nRedelfi<\/strong> | Investor Relations Manager | Erika Padoan | investor-relations@redelfi.com | T: +39 320 7954739 | via A. Scarsellini, 119 Tower B “I Gemelli” 11 floor, 16149 Genoa
\nRedelfi<\/strong> | Media Relations | Carolina Beretta | carolina.beretta@redelfi.com | via A. Scarsellini, 119 Tower B “I Gemelli” 11 floor, 16149 Genoa<\/p>\n

INVESTOR & FINANCIAL MEDIA RELATIONS
\nIR Top Consulting<\/strong> | Investor Relations | ir@irtop.com | T: + 39 02 4547 3884\/3 | Via Bigli, 19 – 20121 Milan, Italy
\nIR Top Consulting<\/strong> | Media Relations | d.gentile@irtop.com | T: + 39 02 4547 3884\/3 | Via Bigli, 19 – 20121 Milan, Italy<\/p>\n

EURONEXT GROWTH ADVISOR
\nIntegrae SIM<\/strong> | info@integraesim.it | T: +39 02 96846864 | Piazza Castello, 24 – 20121 Milan<\/p>\n","protected":false},"excerpt":{"rendered":"

Read the press release in PDF format (in Italian)   REDELFI SHAREHOLDERS’ MEETING APPROVES 2023 OPERATING BUDGET Milan, April 24, 2024 The Redelfi S.p.A. shareholders’ Meeting of(“Redelfi” or the “Company”),…<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"yoast_head":"\nRedelfi Shareholders' Meeting Approves Annual Report 2023 | Redelfi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/redelfi.com\/en\/press-releases\/redelfi-shareholders-meeting-approves-annual-report-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Redelfi Shareholders' Meeting Approves Annual Report 2023 | Redelfi\" \/>\n<meta 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