Financial Performance - The group's net revenue for the year ended December 31, 2023, was approximately €1,134.5 million, an increase of about 10.1% compared to €1,030.1 million in the same period of 2022[2]. - The group's profit for the year ended December 31, 2023, was approximately €83.5 million, representing a 38.0% increase from €60.5 million in 2022[2]. - Adjusted EBITDA for the year ended December 31, 2023, was approximately €169.2 million, up 20.9% from €140.0 million in 2022[2]. - The profit attributable to shareholders for the year ended December 31, 2023, was approximately €83.0 million, an increase of 37.8% from €60.3 million in 2022[2]. - The group reported a total comprehensive income of €81.2 million for the year ended December 31, 2023, compared to €64.9 million in 2022[5]. - The company reported a net profit for the reporting period increased by €23.0 million or approximately 38% to €83.5 million, with a net profit margin rising from 5.9% to 7.4%[78]. Dividends and Shareholder Returns - The board proposed a final dividend of approximately €32,833,000 for the year ended December 31, 2023, equivalent to €0.097 per share, subject to shareholder approval[2]. - The board proposed a final dividend of €32,833,000, which translates to €0.097 per share, compared to €0.0588 per share in 2022, pending shareholder approval[92]. Assets and Liabilities - Total assets as of December 31, 2023, amounted to €1,602.2 million, compared to €1,407.6 million as of December 31, 2022[7]. - The group’s total liabilities as of December 31, 2023, were €762.6 million, an increase from €629.2 million as of December 31, 2022[7]. - Cash and cash equivalents as of December 31, 2023, were €314.1 million, slightly down from €317.8 million as of December 31, 2022[6]. - The company reported a net impairment loss of €881,000 for trade receivables in 2023, compared to €558,000 in 2022[34]. Revenue Breakdown - New yacht net revenue reached €1,110,949 thousand, up 11.5% from €996,119 thousand in 2022[18]. - Composite material yacht revenue increased to €491,751 thousand, a rise of 19.3% from €412,119 thousand in 2022[16]. - Revenue from the Middle East and Africa region surged to €212,316 thousand, a significant increase of 143.5% from €87,248 thousand in 2022[18]. - The company reported a decrease in second-hand yacht revenue to €23,535 thousand, down 30.7% from €33,980 thousand in 2022[18]. Operational Costs and Expenses - The company’s operational costs for transportation and customs clearance rose to €27,776 thousand, an increase of 16.7% from €23,793 thousand in 2022[25]. - Total personnel costs for 2023 were €130,727,000, an increase from €128,810,000 in 2022, with wages and salaries slightly decreasing to €93,983,000 from €94,426,000[28]. - Total rental and lease expenses increased to €9,755,000 in 2023 from €8,931,000 in 2022, with short-term rentals decreasing to €2,930,000 from €4,510,000[28]. - The total income tax expense for 2023 was €20,519,000, significantly higher than €8,839,000 in 2022, driven by increased taxable income[30]. Market Presence and Expansion - The company has subsidiaries in multiple countries, including Italy, the USA, and China, indicating a broad market presence[10]. - The company plans to complete the assessment of the impact of the Italian Pillar Two regulation in the first half of 2024[31]. - The company plans to improve and expand its product offerings to solidify market leadership, with composite and custom yacht segments growing from 14.9% to 15.8% of total revenue[58]. Environmental and Governance Commitments - The company is committed to identifying and assessing climate change-related risks and opportunities, which may impact financial disclosures and reporting[15]. - The group plans to communicate information regarding environmental, social, and governance factors to stakeholders, emphasizing sustainable business practices[15]. - The company is committed to corporate governance as per the applicable codes[104]. Employee and Management Information - As of December 31, 2023, the group had 1,971 employees, an increase from 1,835 employees as of December 31, 2022, reflecting a growth in workforce[90]. - The management incentive plan was approved on December 21, 2021, for senior management and other employees[105]. Financial Reporting and Compliance - The group’s financial statements are prepared in accordance with International Financial Reporting Standards, ensuring compliance with EU regulations[14]. - The audit committee reviewed the annual performance for the year ending December 31, 2023, ensuring compliance with relevant accounting standards[99]. - The company is subject to international accounting standards and financial reporting standards[104].
法拉帝(09638) - 2023 - 年度业绩