Investor Presentaiton
Executive summary - consolidated figures
Filli
Orsero
QUALITA
GRUPPO
ORSERO
•
•
Net sales 9M 2021 are 789 M€, slightly up vs LY
-
9M 2020 was particularly strong (+5,4% vs 9M 2019).
- 2-Yr variance 9M 2021 vs 9M 2019 equal to +5,4%
Adjusted EBITDA amounts to 41,8 M€, up +6,6% or +2,6 M€ vs LY
Good performance for both Import & Distribution and Shipping BU
Adj. EBITDA excl. IFRS 16 is 36,1 M€, up by 2,9 M€/+8,7%
-
Adjusted EBITDA margin stands at 5,3%, (+33 bps.)
Adjusted EBIT improves by 1 M€ to 21,2 M€, as a consequence
of better operating performances
Adjusted Net profit is up by 2 M€ to 15,3 M€ vs 13,3 M€ of LY
M€
9M 2021
9M 2020
Total Change
Amount
%
Net Sales
789,0
788,7
0,3
0,04%
Adjusted EBITDA
41,8
39,2
2,6
6,6%
•
Adjusted EBITDA Margin
5,3%
5,0% +33 Bps.
Adjusted EBIT
21,2
20,1
1,0
5,0%
Adjusted Net Profit
15,3
13,3
2,0
14,7%
Non-recurring (*)
0,1
(1,4)ns
ns
15,4
11,9
3,5
29,1%
Net Profit
Adjusted EBITDA excl. IFRS 16(**)
36,1
33,2
2,9
8,7%
• Total Equity is equal to 173,7 M€
Net Financial Position Excl. IFRS 16 (**) is 47,6 M€ (Net Debt) or
75,1 M€ including IFRS 16 liabilities,
28,2 M€ of improvement vs Dec. 2020 due to positive operating cash
flow generation and working capital management
ΜΕ
Net Invested Capital
Total Equity
Net Financial Position
NFP/ Total Equity
NFP/Adj. EBITDA (**)
9M 2021
31.12.2020
248,7
263,4
173,7
160,1
.
75,1
103,3
0,43
0,65
1,47
2,13
Net Financial Position excl. IFRS 16(**)
47,6
74,4
NFP/ Total Equity excl. IFRS 16
0,27
0,46
NFP/Adj. EBITDA excl. IFRS 16
1,10
1,84
25
25
(*) Net of tax.
(**) Data excluding the effect of IFRS 16, consisting chiefly of incremental Adjusted Ebitda of abt. 5,7 M€ in 9M 2021 and abt. 6,0 M€ in 9M 2020 and incremental NFP of 27,5 M€ at the end of 9M 2021 and 28,9 M€ at the end of 2020.View entire presentation