ELICA BoD APPROVES 9M 2022 CONSOLIDATED RESULTS
REVENUE OF EURO 419 MILLION, +3% (+4.1% ORGANIC vs 9M 2021) DRIVEN BY OWN BRAND AND MOTORS DIVISION SALES
ORGANIC GROWTH CONTINUES DESPITE SIGNIFICANTLY SLOWING DEMAND
ADJUSTED EBIT OF EURO 25.6 MILLION, +2.8% SOLID MARGIN AT 6.1%, DESPITE EURO 50 MILLION COST INFLATION
ADJUSTED GROUP NET PROFIT OF EURO 15.9 MILLION, +31.7% vs 9M 2021
NET FINANCIAL POSITION OF EURO 38.9 MILLION: EURO 30.0 MILLION OF OPERATING CASH GENERATED IN THE LAST 9 MONTHS
TO SUPPORT THE CASH-OUT OF STRATEGIC OPERATIONS (~ EURO 22,0 MILLION)
RIGHT-SHORING OF THE INDUSTRIAL FOOTPRINT TO SUPPORT COMPETITIVITY AND OPERATING MARGIN GROWTH CONTINUES ON SCHEDULE
RETURN TO SUSTAINABLE DIVIDEND POLICY MAINTAINING FOCUS ON INNOVATION AND GROWTH THROUGH ACQUISITIONS
2022 GUIDANCE REMAINS SOLID
