Brief: Fila Q1 Adj. EBITDA Up 12.9% To EUR 22.7 Mln

FILA Fabbrica Italiana Lapis ed Affini SpA

13/05/2022 16:38

May 13 (Reuters) - FILA Fabbrica Italiana Lapis ed Affini
SpA  FILA.MI :
    * Q1 REVENUE OF EUR 166.0 MILLION, +17.2% ON Q1 2021
    * Q1 ADJUSTED EBITDA OF EURO 22.7 MILLION, +12.9% ON Q1 2021
    * Q1 ADJUSTED GROUP PROFIT OF EURO 7.9 MILLION, UP 10.2%
    * Q1 RESULTS MATCH EXPECTATIONS AND FULL-YEAR FORECAST
UNCHANGED
    * WITH REGARD TO RUSSIA-UKRAINE CRISIS, GROUP’S EXPOSURE TO
AREAS
IS CURRENTLY MARGINAL  AND ACCOUNTS FOR APPROX. 0.2% OF
CONSOLIDATED REVENUE
    * THERE ARE NO F.I.L.A. GROUP COMPANIES IN UKRAINE AT MARCH,
31
    * A GOOD LEVEL OF CASH GENERATION IS EXPECTED ALSO IN 2022,
WITH A
CONSEQUENT REDUCTION IN DEBT,  DESPITE NEED TO MAINTAIN ADEQUATE
STOCK LEVELS TO OVERCOME DIFFICULTIES FROM COVID-19 AND RECENT
RUSSIA-UKRAINE CONFLICT ON GLOBAL CHAIN

Further company coverage:  FILA.MI 

 (Reporting by Gdansk Newsroom)
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