With revenues of 87 million, an increase of 11,5% compared to the 78 million invoiced in 2012, Moleskine closed 2013 with a profit of 19,2 million euros, a slight decrease of 2,4% compared to 19,7 million the previous year. Ebitda was 33,6 million, in line with 33,5 million in 2012.
Net financial debt at the end of 2013 was equal to 16,1 million, against the 43,5 million recorded at the same date in 2012 and against the 20,1 million at 30 September last. “I am satisfied with the solid double-digit growth achieved in 2013, in all our geographic areas and distribution channels,” said Arrigo Berni, CEO of the group. “We have laid solid foundations to continue implementing our strategy which, combined with positive market trends, will allow us to achieve our development goals for 2014 and beyond”.
For the next few years, as part of the 2014-2016 strategic plan approved by the board of directors and presented today to analysts at the Borsa Italiana headquarters, the company expects revenues to grow with a CAGR of 16% to reach 135-140 million in 2016. Improvement that the company, explained the CEO, will tend to achieve by pursuing Moleskine's strategy of "continuous expansion of brand awareness", broadening the range of products and optimizing its distribution network.
As part of the three-year plan, the group's financial position, which was negative by 16 million at the end of 2013, is expected to turn positive already in 2015, with a further improvement the following year.
“I am confident”, concluded Berni, “that the investments we are making, in particular to optimize our distribution structure, will support high growth in the medium-long term”.
On the Moleskine Stock Exchange, the day closed down by 9,60%.
