Ratti S.p.A.

RAT

IT0004724107

Apparel & Accessories

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-04-26 am EDT			5-day change	1st Jan Change
1.92 ^EUR	-1.54%		-3.52%	-28.89%

Apr. 05	Mib in the red; banks and financials trailing	AN
Apr. 02	Mib rises 38,800; oil companies Eni and Saipem do well	AN

Ratti closes 2023 with a loss and rising revenues

March 21, 2024 at 09:20 am EDT

(Alliance News) - Ratti Spa reported Thursday that it closed 2023 with a loss of EUR1.9 million from a profit of EUR2.6 million in 2022.

Revenues amounted to EUR92.1 million from EUR88.6 million in 2022, up mainly in the high-end segment thanks to an established presence at the world's leading luxury players, the company points out.

Ebitda increases to EUR3.5 million from EUR8.0 million in the previous year.

Ebit is negative EUR1.7 million from a positive EUR3.3 million in 2022, "a result primarily influenced by the rising trend in the cost of production factors as a result of a non-complete saturation of production facilities, as well as the increased incidence of energy costs," the note says.

Net financial position is negative EUR10.4 million from minus EUR5.2 million in 2022.

Capital expenditures amount to EUR5.8 million from EUR6.7 million in the previous year.

Regarding the future, the company points out that the "first months of the year 2024 show order intake for the group substantially in line with the same period of the previous year. The slowdown expected by customers, together with a macroeconomic scenario of high rates and geopolitical uncertainty, suggests caution for the year."

Ratti's stock trades in the red by 1.3 percent at EUR2.26 per share.

By Chiara Bruschi, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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Latest news about Ratti S.p.A.

Mib in the red; banks and financials trailing	Apr. 05	AN
Mib rises 38,800; oil companies Eni and Saipem do well	Apr. 02	AN
Mib up; Intesa at new annual high	Apr. 02	AN
Ratti closes 2023 with a loss and rising revenues	Mar. 21	AN
Ratti S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 20	CI
Ratti increases revenues in nine months; Zampetti named new CFO	Nov. 14	AN
Ratti S.p.A. Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-27	CI
Ratti, loss narrows and revenues increase in the first half of the year	23-09-27	AN
Restart leading; algoWatt the worst	23-08-08	AN
Tax on extra profits sinks Piazza Affari	23-08-08	AN
Europeans flat; Casta Diva bullish after dividend	23-07-14	AN
Venezuela presidential opposition hopefuls call for unity, private investment	23-07-12	RE
Restart at the top; Conafi on the bottom	23-07-12	AN
Ratti and Brioschi good; Bioera trailing.	23-06-26	AN
Ratti's revenues grow in double digits in first three months of 2023	23-05-11	AN
Futures in green; wait for U.S. inflation	23-05-10	AN
Mib falls over 27,300; purchases on Banco BPM	23-05-09	AN
Assicurazioni Generali, shareholders' meeting appoints new board of statutory auditors	23-04-28	AN
Generali Expects Improved Capital Position at End of First Quarter	23-04-28	DJ
Bioera rises; Eems at bottom	23-04-19	AN
Futures bullish in wake of assets in Asia	23-04-17	AN
Mib in surplus driven by banks; euro retreats	23-04-14	AN
Stock exchanges in the green; good buying with Stellantis	23-04-11	AN
Ratti does not adjust dividend despite 2022 profit decline	23-03-22	AN
Squares bearish; Nagel pushes for rate hike	23-03-22	AN

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Company Profile

Ratti SpA is an Italy-based company engaged in the textile industry. The Company is primarily active in the production and marketing of printed, plain and yarn dyed fabrics for clothing articles, such as shirts, ties, underwear and beachwear, as well as for furnishings. It is also involved in the development and distribution of accessories for men and women, including ties, scarves and foulards, among others. The Company operates through a production plant located in the Italian province of Coma. It structures its business into four main segments: The Women segment includes fabrics for women's clothing, footwear and bags; The Men segment consists of fabrics for ties and man shirts; The Finished Products segment comprises accessories for men and women, and the Furnishings segment includes plain and printed fabrics for upholstery. The Companyâs subsidiaries include Collezioni Grandi Firme SpA, Creomoda Sarl, Ratti USA Inc, Ratti International Trading Co Ltd and Textrom Srl.

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Apparel & Accessories

Calendar

2024-09-23 - Q2 2024 Earnings Release (Projected)

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