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Caltagirone: 2022 growing, profit increases and coupon rises

2023-03-10T17:17:14.229Z


With "all the items of the income statement growing", the Caltagirone holding closes the 2022 financial statements with profits up by 18.2% to 217.4 million (of which 111.3 pertaining to the group). (HANDLE)


(ANSA) - ROME, MARCH 10 - With "all the items of the income statement growing", the Caltagirone holding closed its 2022 financial statements with profits up by 18.2% to 217.4 million (of which 111.3 pertaining to the group).

The Board of Directors which approved the financial statements, chaired by Francesco Gaetano Caltagirone, proposes to the shareholders' meeting the distribution of a dividend of 0.15 euros per share, 50% more than the coupon linked to the previous year.


   The revenues of the group - which operates in the cement, publishing, major works, real estate and financial sectors - rose to 1.99 billion euros, +22.8%: "they mainly benefited from the increase in revenues in the cement sector ".


   the gross operating margin rose to 349.3 million, +6.3%;

net assets rose from 2.265 to 2.543 billion.

The net result of financial management was positive for 65.6 million euros, a strong improvement compared to 7.1 million in 2021. Net financial debt decreased to 43 million from 139.6 million at 31 December 2021. Looking ahead, "


    in the cement sector the group expects to achieve superior results compared to 2022 both in terms of revenues and gross operating margins and net cash flow".


   In the publishing sector, "it will continue its initiatives to enhance multimedia versions and improve internet activities aimed at increasing new flows of advertising and acquiring new readers" and "it will also continue to implement measures aimed at containing all discretionary costs and structurally reducing of direct and operating costs.


    In the major works sector "the activity of participating in tenders will continue with the aim of increasing and diversifying the work portfolio, taking care to ensure adequate margins on the orders acquired.

The group is also completing the works under construction".


   In the real estate leasing sector "the Vianini group pursues the objective of consolidating the existing customer portfolio and increasing its volumes".

(HANDLE).


Source: ansa

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