Pre-tax profit of 3,4 million euros, direct investments of around 40 million (100 aggregates) and the 8 investee companies that have announced record results in their history. This is the balance sheet Tip, Tamburi Investment Partners, the investment bank listed on the Star segment of the Milan Stock Exchange.
Tip's 2011 revenues were approximately $5,5 million, slightly below the figure of the 2010 consolidated financial statements, but demonstrating excellent stability, especially in a year considered by all to be very negative, at an international level, especially for the mergers and acquisitions sector. The transactions completed concerned both investee companies and third-party companies.
The company's operating costs, as known, largely variable according to the results, decreased compared to the previous year, in particular with regard to personnel costs, decreased from 4,2 to 3,5 million euro.
In addition, as at 31 December 2011, shareholders' equity was 175,2 million euro, given that it compares with 186,6 million euros in the separate financial statements at 31 December 2010 and with 197,7 million euros in the consolidated financial statements at that date; in 2011, however, dividends and reserves were distributed for a total of 4,7 million euro.
As regards the investee companies, Amplifon, Datalogic, De' Longhi, Diasorin, IMA, Interpump, Prysmian and the unlisted Printemps, have announced, for 2011, the record economic results of their entire history. The total amount of Tip's stakes in these companies represent more than 70% of the total invested – in equity – as at 31 December 2011.
Tip stock gained 2011% in 7,5 about which, added to the amount distributed between reserves and dividends (about 2,8%), has allowed an annual return of over 10% without evaluating the effect of the purchase of treasury shares; as in 2010 (the year in which the stock market performance, adjusted for free distributions, was approximately 25%) the stock was among the top twenty of the Italian stock exchange and among the least volatile.
