Misitano & Stracuzzi: Revenue Climbs, But First-Half Profits Decline

(Alliance News) - Misitano & Stracuzzi Spa announced on Friday that it closed the first half of the year with a 14% year-on-year increase in revenue, reaching EUR40.7 million, up from EUR35.8 million in the same period last year.

EBITDA fell to EUR3.5 million from EUR8.4 million--"due to a sharp increase in raw material prices, which continued into the first half of this year," the company explained--while operating profit dropped to EUR2.6 million from EUR7.7 million.

Net profit also decreased, amounting to EUR1.7 million as of June 30, 2024, compared to EUR5.1 million in the prior year.

Net debt stood at EUR36.8 million as of June 30, marking an increase of EUR17.3 million compared to December 31, 2024. This rise is mainly attributable to investments in new production facilities, as well as outlays for purchasing raw materials for inventory. In keeping with recent years, management's strategy focuses on sourcing raw materials with lower risk of market shortages to avoid disruptions in the production process and, most importantly, in the delivery of finished products to customers.

"The management's goal is to reduce delivery lead times and to be able to promptly accommodate requests for increased volumes from long-standing customers," the company stated.

Cash and cash equivalents increased to EUR26.8 million from EUR24.1 million at December 31, 2024.

For the full year 2025, company management confirms expectations of significant revenue growth compared to 2024, while EBITDA is forecast in the high single digits, impacted by rising raw material costs and uncertainty linked to US tariffs.

The group has launched measures to mitigate cyclical impacts and recover margins, including expanding its product and market portfolio, with the appointment of Mohamed Erraji as Chief Commercial & Strategy Officer and Melanie Cooksey-Stott as Vice President of Sales, USA; supply chain optimization led by Paul Stott as Chief Procurement Officer; and improved operational efficiency through logistical optimization and the startup of new production facilities.

Misitano & Stracuzzi shares closed Friday down 0.4% at EUR2.33 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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