The Italian clothing group Basicnet Spa generated consolidated sales of 409.2 million euros in the 2024 financial year. This corresponded to an increase of 3.1 percent compared to the previous year’s level of 396.8 million euros. The sales revenue rose by 4.2 percent to 346.8 million euros, the license revenue fell by 2.2 percent from 62.3 to 60.9 million euros.
The board of directors of the Turin company, to which the brands K-Way, Kappa, Robe di Kappa, Jesus Jeans, Superga, Sabelt, Briko and Sebago, approved the consolidated financial statements and the annual financial statements on December 31, 2024 and decided to convene the ordinary general meeting for April 17.
The result before interest, taxes and depreciation (EBITDA) amounted to EUR 61.1 million (58.1 million euros in 2023, +5.0 percent) last year and the result before interest and tax (EBIT) (41.1 million euros in 2023, +2.5 percent).
The net result was EUR 25.3 million (24.4 million euros in 2023, +3.6 percent), the net finance position compared to banks improved to -90.8 million euros at the end of the year compared to -92.6 million euros on December 31, 2023.
The Board of Directors also approved the separate annual financial statements of the Basicnet SPA for 2024 with an annual surplus of eight million euros.
Management expects a continuation of the growth course in the current year
The Board of Directors of the Basicnet SPA decided to propose a dividend of 0.16 euros per outstanding share, which corresponds to a total of around 7.5 million euros. The proposed dividend corresponds to a distribution rate (pay-out ratio) of 29.7 percent of the consolidated net profit and is therefore essentially within the framework of the previous years.
“Based on the existing order stock and the continuous investments in the strengthening of the brands, the group expects a continuation of the growth course and a further consolidation of its market position,” said management in a message.
This article was used with digital tools translated.
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