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    SO   IT0000076536

SOGEFI S.P.A.

(SO)
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Sogefi S p A : April 26, 2021 - Q1 2021 Financial Results

04/26/2021 | 02:32am EDT

Q1 2021 RESULTS

2 0 2 1

Frederic SIPAHI - CEO

Yann ALBRAND - CFO

April 26th, 2021

1 I

AGENDA

Q1 2021 RESULTS

BUSINESS UNITS

PERSPECTIVES

2 I

Q1 2021 Results

3 I

Q1 2021 Highlights

Revenues at €356.6m

vs 376.1m in Q1 2019

EBITDA at € 54.8m

vs €41.4m in Q1 2019

EBIT at € 25.9m

vs €12.5m in Q1 2019

Net Income at € 11.8

vs € +1.6m in Q1 2019

FCF at € 33.0m

vs €-1.6m in Q1 2019

Net debt1 at € 261.1

vs € 262.1m end march 2019

Q1 2021 up 5% on a reported basis (+9.3% at constant exchange rate) outperforming in all regions. Q1 2021 still behind Q1 2019 (-5.2%)

  • EBITDA: 15.4% vs 11.3% in Q1 2020 and 11.0% in Q1 2019
  • Fixed costs down by 10.0m€ vs Q1 2019 (-14.3% )

EBIT: 7.3% vs 2.3% in Q1 2020 and 3.3% in Q1 2019

Net income at € 11.8m vs € -5.6m in Q1 2020 and € 1.6m in Q1 2019

Free Cash Flow positive at € 33.0m (-€0.4m in Q1 2020 and - € 1.6m in Q1 2019) thanks to higher EBITDA margin and favorable working capital

Net debt of € 261.1m versus vs € 291.3m end of 2020 and in line with March 2019

Figures with IFRS 5 -"Non-current assets held for sale and discontinued operations" (Filtration Brazilian/Spanish subsidiaries sold in December 2020/January 2021

1. FCF and Net debt excluding IFRS 16

4 I

Q1 Sales

€m

January

February

March

Q1

2019

124.3

120.7

131.1

376.1

2020

124.9

122.7

91.8

339.4

2021

114.5

111.6

130.5

356.6

Delta % 2021 vs 2019

-7.9%

-7.5%

-0.5%

-5.2%

Delta % 2021 vs 2020

-8.3%

-9.0%

42.1%

5.0%

5 I

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Sogefi S.p.A. published this content on 26 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2021 06:31:07 UTC.


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Financials
Sales 2021 1 360 M 1 594 M 1 594 M
Net income 2021 9,37 M 11,0 M 11,0 M
Net Debt 2021 327 M 384 M 384 M
P/E ratio 2021 10,7x
Yield 2021 0,50%
Capitalization 157 M 183 M 183 M
EV / Sales 2021 0,36x
EV / Sales 2022 0,32x
Nbr of Employees 5 833
Free-Float 42,6%
Chart SOGEFI S.P.A.
Duration : Period :
Sogefi S.p.A. Technical Analysis Chart | SO | IT0000076536 | MarketScreener
Technical analysis trends SOGEFI S.P.A.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 1,33 €
Average target price 1,86 €
Spread / Average Target 39,9%
EPS Revisions
Managers and Directors
Frederic Ozgur Sipahi Chief Executive Officer & Director
Yann Albrand Group Chief Financial Officer
Monica Mondardini Chairman
Roberta di Vieto Independent Director
Patrizia Canziani Independent Director
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