Tip: (Tamburi Investment Partners) archives the 2019 financial statements with a Net income pro forma of 99,9 million, up from 84,6 million in 2018. The net assets, on the other hand, stands at approximately 902 million, recording an increase of 35% compared to 664,4 million as at 31 December 2018.
They were essential to obtain these results the sales, during 2019, of FCA, Ferrari, Furla, iGuzzini, Moncler and Nice shares, "as well as the dividends received and the shares of the result of some equity investments", specifies the company in a note.
Revenues from advisory activities they amounted to approximately 6,8 million, compared to approximately 11,1 million in 2018. Operating costs remained substantially in line with those of 2018.
Tip's board of directors has proposed the distribution of a dividend of €0,090 per share (gross of legal withholdings) with detachment date of 25 May 2020 and payment on 27 May 2020.
As for the 2020, Tip points out that “it will be a very complicated year. The economic consequences of the expansion of the virus are absolutely unpredictable and therefore any reasoning, apart from the search for maximum protection of colleagues and the health of companies, must be suspended".
However, the company underlines that it can count on three strengths: the equity investment portfolio made up of leading companies, with "strategic and operational effects that should be much more limited than on weaker companies"; the very limited level of debt of all the companies that directly or indirectly belong to Tip; the fact that the company "has never had so much immediately usable liquidity", given that "it has the proceeds of the 300 million bond issued in December and the availability of the investee Asset Italia, which has so far invested around half of the 550 million disposition, and this regardless of the existing credit lines and the shareholdings considered temporary".
