Franchi Umberto Marmi S.p.A.

FUM

IT0005335754

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End-of-day quote Borsa Italiana Other stock markets 03:30:00 05/07/2024 am IST			5-day change	1st Jan Change
5.75 ^EUR	+0.88%		+2.68%	-16.42%

01/07	Franchi Umberto Marmi's warrants are not exercisable in July	AN
11/06	Futures cautiously up; focus on Fed	AN

FUM closes with profit and revenue up in 2022; there's dividend

March 21, 2023 at 10:54 pm IST

(Alliance News) - Franchi Umberto Marmi Spa announced Tuesday that it has approved the financial statements for the year ended Dec. 31, 2022 and in which it reported total revenues and other income amounting to EUR76.3 million compared to EUR65.3 million as of Dec. 31, 2021 and up 17 percent,

The significant increase in revenues is due to a decisive contribution from sales in the Middle East reaching EUR12.9 million with a year-on-year growth of 154%.

Adjusted Ebitda stands at EUR30.9 million compared to EUR24.7 million as of December 31, 2021 and up 25%. Adjusted Ebitda margin is 40.5% of revenues, while it was 37.9% as of December 31, 2021.

Operating income as of December 31, 2022 was EUR17.2 million compared to EUR10.4 million as of December 31, 2021 and up 66%.

The company proposed the distribution of a dividend at EUR0.29 per share.

Net financial debt was EUR13.5 million as of December 31, 2022 compared to EUR22.5 million as of December 31, 2021.

The company noted that the beginning of 2023 still saw a revenue growth trend compared to the corresponding period in fiscal 2022.

FUM on Tuesday closed flat at EUR9.24 per share.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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Latest news about Franchi Umberto Marmi S.p.A.

Franchi Umberto Marmi's warrants are not exercisable in July	01/07	AN
Futures cautiously up; focus on Fed	11/06	AN
Europe bearish; Piquadro good after accounts	10/06	AN
Mib bearish; Leonardo soars among bluechips	10/06	AN
Franchi Umberto Marmi's warrants are not exercisable in June	03/06	AN
Franchi Umberto Marbles, revenues down double digits in quarter	15/05	AN
Franchi Umberto Marmi's warrants are not exercisable in May	02/05	AN
Futures up; wait for Eurozone PMI	23/04	AN
Mib bearish; DiaSorin closes ahead of all	22/04	AN
ITALY GROWTH WINNERS & LOSERS: FUM bullish; Plants at new low	22/04	AN
Franchi Umberto Marmi's warrants are not exercisable in April	02/04	AN
FUM reports profit and revenue down in 2023; there is dividend	28/03	AN
Franchi Umberto Marmi S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2023	28/03	CI
Franchi Umberto Marmi's warrants are not exercisable in March	01/03	AN
Franchi Umbero Marbles, revenues slightly down in 2023	15/02	AN
Milan rises to 31,500; Prysmian leads the way	15/02	AN
Mib rises; UK and Japan in technical recession	15/02	AN
Indices up; London best after inflation data	14/02	AN
FUM, warrants are not exercisable in February	01/02	AN
Franchi Umberto Marmi S.p.A. acquired 50% stake in Ingegner Giulio Faggioni Carrara Srl from Giulio Vanelli Marmi - La Civiltà del Marmo Srl.	22/01	CI
FUM, warrants are not exercisable in January	03/01	AN
Franchi Umberto Marmi's warrants are not exercisable in December	01/12	AN
Europeans up; UniCredit at bottom of Mib.	30/23/30	AN
Stock markets mixed; Brent crude above USD89	30/23/30	AN
Mib closes down, no boost from results	27/23/27	AN

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Company Profile

Franchi Umberto Marmi SpA is an Italy-based company specialized in the provision of Carrara white marble in blocks, slabs and other different shapes. It offers a wide range of marble varieties extracted from quarries in the surroundings of Carrara. It also manages a showroom. Its product offering incudes a variety of different decorative indoor and outdoor products, such as benches, lamps, vases and fountains, among others.

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