FY22 Results: Revenues up 13% (¤74.7m) | Proposed dividend: 6 cents per share

In particular, it is highlighted:

• Consolidated net revenues at €74.7 million , up approximately 13% (vs €66.4 million in 2021)

•     EBITDA up to €13.2 million (vs €12.9 million in 2021), as a percentage penalized by the increase in operating costs

• EBIT of €8.8 million (vs €8.7 million in 2021)

• Negative exchange rates recorded in the last quarter compress the Net profit which stands at 4.5 million euros (vs 5.4 million euros in 2021)

• Net Financial Debt €7.7 million (vs €2.7 million at 31 December 2021)

  The BoD also approved the proposal for peri dividends at 6 cents per share (Yield 1.2%).

At a geographical level, an excellent performance was recorded in Italy, which recorded an increase in Revenues of 20.8%; the Americas grow by 14% while the "Rest of the World" is the area that grows the most, over 58%, also thanks to the Duty Free channel of the related countries.

Below we report the inverted comma from Sandro Boscaini, President of Masi Agricola, who declared:

«A positive 2022, albeit influenced by elements that are not very controllable and more contingent than structural. Among them the tendency of customers, especially foreign ones, to obtain supplies in abundance or to lighten up, the heavy increases in costs, both for products and for operations in general. Exchange rates had a favorable effect in the first nine months, but a very negative one in the last quarter. After the pandemic and with the war in Europe, we have witnessed disharmonious trends in the various distribution channels and in the countries in which we operate, a case which confirms the importance of our omnichannel strategy, for the purposes of both brand positioning and risk mitigation. business» .