Max Mara Finance closed 2012 with a loss of 81,2 million, up from 49,4 million in the previous year. Weighing on the accounts are the extraordinary write-downs in Unicredit, the Turin-based holding company which controls the activities of the Maramotti family.
In fact, the operating profit is improving to 63,2 million from 42,5. Furthermore, the subsidiary Max Mara International returned to profit with 19,7 million against the loss of almost 50 million in 2011. Positive results also for the companies Immobiliare Fintorlonia (3,5 million from 3,2 million), Italian Knitwear (496 thousand euros against 827 thousand euros in 2012), Finca Y Comercio de Gratia (617 thousand euros from 530 thousand), of the Russian Maxee (1,55 million from 755 thousand euros).
In terms of revenues, progress was 22% to 239,4 million and 218,6 million pertained to the clothing sector against 176,5 million in 2012. Roi improved to 18,7% from 9,8% and the Roa rose to 25,4% from 21,65%. For 2013 Max Mara Finance believes it can confirm the sales performance achieved in 2012, despite the difficulties of the international crisis.
