Immsi (IMS) H2 2023 earnings summary

Executive summary

• Record EBITDA of €307.8m and stronger margins offset lower sales; net profit including minorities was €54.9m.ocument-source]0[/document-source]

• Continued growth plans are paired with focus on operating efficiency and financial flexibility amid geopolitical and macroeconomic uncertainty.ocument-source]0[/document-source]

Financial highlights

• Consolidated net sales were €2,021.1m, down 4.9% from €2,126.1m in 2022.ocument-source]1[/document-source]

• EBITDA reached a record €307.8m, up 7.1%; EBIT was €160.8m, up 11.9% YoY.ocument-source]1[/document-source]

• Profit before tax was €90.9m vs €96.8m; income tax was €36.0m vs €33.0m; net profit including minorities was €54.9m vs €63.9m.ocument-source]1[/document-source]

• Group profit attributable to shareholders was €19.1m vs €27.1m; basic and diluted EPS were €0.056 vs €0.080.ocument-source]7[/document-source]

Outlook and guidance

• Industrial-sector guidance remains difficult amid geopolitical tensions and macroeconomic uncertainty; priorities include margins, productivity, and production, logistics and procurement cost control.ocument-source]3[/document-source]

• Piaggio plans new two-wheeler and commercial-vehicle investments, continued ESG work, and close inventory and procurement planning to manage transport disruption.ocument-source]3[/document-source]

• Intermarine plans to execute existing orders, pursue new Defence and Fast Ferries contracts, and contain costs; IS Molas plans showhome leasing and continued buyer outreach.ocument-source]3[/document-source]