The Board of Directors of Gabetti Property Solutions approved the consolidated data of first 2022 semester which show an ebitda of the services activity of 17,5 million euros, up sharply compared to that achieved in the same period of 2021 of 11,5 million. On the stock exchange, the title of the well-known real estate agency gained 0,57% to 1,42 euros.
“The result for the first half of 2022 confirms the continuous growth path of our Group – he said Fabrizio Prete, president of the Gabetti Group -. All the companies are also higher than the budget forecasts, confirming the strategies set up in recent years.”.
“The Ebitda of the Real Estate Network Services business line reached 13,8 million euros, up 59% compared to June 2021 – he added Mark Speretta, general manager of the Group –. The margins of the real estate network are growing both for the collaboration with Gabetti Lab and for the sale of services to agencies, in particular with the sale of the Toolbox package which is increasingly enriched with tools in favor of affiliates. Well Monety with a positive margin improving on last year's breakeven. The margin of the network managed by Gabetti Lab also grew, equal to 12 million euros compared to 7,2 million euros as at 30 June 2021".
Gabetti: data for the first half of 2022
I revenues operational of the Group as at 30 June 2022 amounted to 98,2 million euros, up 3% compared to 95,3 million in the same period of the previous year.
“The Group's positive trend continues – commented the CEO Roberto Busso – with revenues from the Agency and Corporate Services business lines up 25% on the previous year; the revenues of Patrigest, Abaco and above all direct agency (+44%) grew by two figures, while the Real Estate Network Services business line was slightly lower (-3%), penalized by a slight contraction in revenues by Gabetti Lab linked to the ecobonus world. On the other hand, the revenues of the real estate franchise network and financial reporting continue to grow”.
The Ebit Group share amounted to 12 million, a clear increase compared to 8,2 million as at 30 June 2021.
Il Net income of the real estate group stands at 6,8 million (already considering the profits pertaining to minority interests for 3,3 million), a clear improvement compared to 4,3 million as at 30 June 2021.
THEnet financial debt "actual" - without considering the IFRS 16 effect - is equal to 4,8 million euros with an increase of 2,9 million compared to 31 December 2021 mainly due to financial management, in addition to operational management which in the first 6 months was absorbed by approximately 1,6 million, also due to the usual seasonal nature of the business.
