The 2017 profit of Max Mara Fashion Group srl soars, the Maramotti holding company which controls the clothing and fashion business of the Emilian family. 2017 also saw a growth in group turnover which rose to 1,55 billion (from 1,43 billion in the previous year). Last year the holding, reports Radiocor, recorded net profits of 557 million (from 22,9 million in 2016) thanks, however, to a 500 million super dividend detached from the main subsidiary, Max Mara srl. Last year, however, the latter had recorded profits of 114 million.
In all, the financial income of the holding company amounted to 526 million (from 10,5 million in the previous year) while the revaluation of some shareholdings brought another 13,55 million.
In any case, the company's shareholders' meeting decided to allocate the entire monstre profit to the extraordinary reserve. It should also be remembered that in the entire corporate galaxy of the Maramottis, during the last few months, a important rearrangement with the Emilia-based financial anonymous company (formerly Max Mara Finance) candidate to become a safe specialized in 'financial management' while Cofimar (which owns the stake in Unicredit and the Luxembourg Ibef) will be 'dedicated to the management of bank equity investments' and Max Mara Fashion Group to the industrial business, i.e. to fashion.
In this context, the Max Mara Fashion Group spun off and spun off in favor of the financial company "the business unit intended for legal services and audits together with the resources employed and other assets, contracts and securities: a package valued at 900 million in equity ”. It is therefore plausible that the maxi dividend detached in 2017 and placed in reserve is part of this broader reorganization plan.
