Silvano Vogue Group Consolidated Interim Monetary Report

Chosen Monetary Indicators

Summarized chosen monetary indicators of the Group for 12 months of 2022 in comparison with 12 months of 2021 and 31.12.2022 in comparison with 31.12.2021 have been as follows:

in hundreds of EUR	12m 2022	12m 2021	Change
Income	57 667	46 686	23.5%
Gross Revenue	30 884	25 410	21.5%
Working revenue	14 665	13 005	12.8%
EBITDA	18 283	16 242	12.6%
Internet revenue for the interval	12 544	9 924	26.4%
Internet revenue attributable fairness holders of the Dad or mum firm	11 796	9 031	30.6%
Earnings per share (EUR)	0,33	0,25	32.0%
Working money movement for the interval	14 062	12 996	8.2%
in hundreds of EUR	31.12.2022	31.12.2021	Change
Whole property	63 991	53 753	19.0%
Whole present property	50 309	40 331	24.7%
Whole fairness attributable to fairness holders of the Dad or mum firm	44 786	34 148	31.2%
Money and money equivalents	25 909	17 098	51.5%
Margin evaluation, %	12m 2022	12m 2021	Change
Gross revenue	53,6	54,4	-1.5%
Working revenue	25,4	27,9	-9.0%
EBITDA	31,7	34,8	-8.9%
Internet revenue	21,8	21,3	2.3%
Internet revenue attributable to fairness holders of the Dad or mum firm	20,5	19,3	6.2%
Monetary ratios, %	31.12.2022	31.12.2021	Change
ROA	19,0	17,9	6.1%
ROE	28,1	28,7	-2.1%
Value to earnings ratio (P/E)	3,4	7,8	-56.4%
Present ratio	5,1	4,3	18.6%
Fast ratio	2,8	2,1	33.3%

Monetary efficiency

The Group`s gross sales amounted to 57 667 thousand EUR throughout 12 months of 2022, representing a 23.5% improve as in comparison with the identical interval of earlier 12 months. Total, retail elevated by 35.2%, measured in EUR.

The Group’s gross revenue throughout 12 months of 2022 amounted to 30 884 thousand EUR and improve by 21.5% in comparison with earlier 12 months. The gross margin throughout 12 months of 2022 decreased to 53.6%, from 54.4% within the respective interval of earlier 12 months. The price of bought items elevated by 25.9%.

Consolidated working revenue for 12 months of 2022 amounted to 14 665 thousand EUR, in comparison with 13 005 thousand EUR for 12 months of 2021, improve by 12.8%. The consolidated working revenue margin was 25.4% for 12 months of 2022 (27.9% for 12 months of 2021). Consolidated EBITDA for 12 months of 2022 elevated by 12.6% and amounted to 18 283 thousand EUR, which is 31.7% in margin phrases (16 242 thousand EUR and 34.8% for 12 months of 2021).

Reported consolidated web revenue attributable to fairness holders of the Dad or mum firm for 12 months of 2022 amounted to 11 796 thousand EUR, in comparison with web revenue of 9 031 thousand EUR for 12 months of 2021, web revenue margin attributable to fairness holders of the Dad or mum firm for 12 months of 2022 was 20.5% in opposition to web revenue 19.3% for 12 months of 2021.

Monetary place

As of 31 December 2022 consolidated property amounted to 63 991 thousand EUR representing improve by 19.0% as in comparison with the place as of 31 December 2021.

Commerce and different receivables decreased by 199 thousand EUR as in comparison with 31 December 2021 and amounted to        2 126 thousand EUR as of 31 December 2022. Stock stability elevated by 1 358 thousand EUR and amounted to 22 264 thousand EUR as of 31 December 2022.

Fairness attributable to fairness holders of the Dad or mum firm elevated by 10 638 thousand EUR and amounted to            44 786 thousand EUR as of 31 December 2022. Present liabilities elevated by 534 thousand EUR throughout 12 months of 2022.

Investments

Throughout 12 months of 2022 the Group’s investments into property, plant and tools totalled 445 thousand EUR, in earlier 12 months similar interval 312 thousand EUR. Investments have been made primarily into opening and renovating personal shops, as properly into tools and services to keep up efficient manufacturing for future intervals.

Personnel

As of 31 December 2022, the Group employed 1 616 staff, together with 499 individuals in retail operations. The remaining have been employed in manufacturing, wholesale, administration and help operations. In 31.12.2021 there have been 1 602 staff, together with 485 individuals in retail operations.

Whole salaries and associated taxes throughout 12 months of 2022 amounted to 12 759 thousand EUR (9 388 thousand EUR in 12 months of 2021). The remuneration of key administration of the Group, together with the important thing executives of all subsidiaries, totalled 677 thousand EUR.

Consolidated Assertion of Monetary Place

in hundreds of EUR	Be aware	31.12.2022	31.12.2021
		Unaudited	Audited
ASSETS
Present property
Money and money equivalents	2	25 909	17 098
Present loans granted		10	2
Commerce and different receivables	3	2 126	2 325
Inventories	4	22 264	20 906
Whole present property		50 309	40 331
Non-current property
Lengthy-term receivables		301	262
Investments in associates		82	80
Investments in different shares		259	262
Deferred tax asset		2 166	1 226
Intangible property		585	535
Funding property		1 041	1 086
Property, plant and tools	5	9 248	9 971
Whole non-current property		13 682	13 422
TOTAL ASSETS		63 991	53 753
LIABILITIES AND EQUITY
Present liabilities
Brief-term lease liabilities		2 373	2 193
Commerce and different payables		5 837	6 504
Tax liabilities		1 692	671
Whole present liabilities		9 902	9 368
Non-current liabilities
Deferred tax legal responsibility		1 039	1 746
Lengthy-term lease liabilities		4 041	4 727
Lengthy-term provisions		41	51
Whole non-current liabilities		5 121	6 524
Whole liabilities		15 023	15 892
Fairness
Share capital	7	3 600	3 600
Share premium		4 967	4 967
Statutory reserve capital		1 306	1 306
Unrealised change price variations		-19 409	-18 251
Retained earnings		54 322	42 526
Whole fairness attributable to fairness holders of the Dad or mum firm		44 786	34 148
Non-controlling curiosity		4 182	3 713
Whole fairness		48 968	37 861
TOTAL EQUITY AND LIABILITIES		63 991	53 753

Consolidated Earnings Assertion

in hundreds of EUR	Be aware	4Q 2022	4Q 2021	12m 2022	12m 2021
		Unaudited	Unaudited	Unaudited	Audited
Income from contracts with prospects	9	13 693	9 795	57 667	46 686
Value of products bought		-4 875	-5 480	-26 783	-21 276
Gross Revenue		8 818	4 315	30 884	25 410
Distribution bills		-3 023	-2 120	-11 143	-8 573
Administrative bills		-1 255	-892	-4 391	-3 555
Different working earnings		176	-407	525	406
Different working bills		-662	-216	-1 210	-683
Working revenue		4 054	680	14 665	13 005
Forex change earnings/(expense)		-3 919	158	1 117	1 565
Different finance earnings/(bills)		-350	-116	-453	-432
Internet finance earnings		-4 269	42	664	1 133
Revenue (loss) from associates utilizing fairness technique		2	13	1	19
Revenue earlier than tax		-213	735	15 330	14 157
Earnings tax expense		241	-1 329	-2 786	-4 233
Revenue for the interval		28	-594	12 544	9 924
Attributable to :
Fairness holders of the Dad or mum firm		-39	-531	11 796	9 031
Non-controlling curiosity		67	-63	748	893
Earnings per share from revenue attributable to fairness holders of the Dad or mum firm, each primary and diluted (EUR)	8	0,00	-0,01	0,33	0,25

Consolidated Assertion of Complete Earnings

in hundreds of EUR	Be aware	4Q 2022	4Q 2021	12m 2022	12m 2021
		Unaudited	Unaudited	Unaudited	Audited
Revenue for the interval		28	-594	12 544	9 924
Different complete earnings (loss) that will likely be reclassified to revenue or loss in subsequent intervals :
Trade variations on translation of international operations		-3 052	161	-877	869
Whole different complete earnings for the interval		-3 052	161	-877	869
Whole complete earnings (loss) for the interval		-3 024	-433	11 667	10 793
Attributable to :
Fairness holders of the Dad or mum firm		-3 307	-353	10 638	9 644
Non-controlling curiosity		283	-80	1 029	1 149

Consolidated Assertion of Money Flows

in hundreds of EUR	Be aware	12m 2022	12m 2021
		Unaudited	Audited
Money movement from working actions
Revenue for the interval		12 544	9 924
Changes for:
Depreciation and amortization of non-current property		3 618	3 237
Impairment losses of non-current property
Share of revenue of fairness accounted investees		-1	-19
Positive factors/Losses on the sale of property, plant and tools		8	24
Internet finance earnings / prices		-664	-1 133
Provision for impairment losses on commerce receivables		2	-1
Provision for inventories		683	187
Earnings tax expense		2 786	4 233
Change in inventories		-1 358	-1 979
Change in commerce and different receivables		199	-237
Change in commerce and different payables		-667	917
Curiosity paid		0	-2
Earnings tax paid		-3 088	-2 155
Internet money movement from working actions		14 062	12 996
Money movement from investing actions
Curiosity obtained		38	19
Dividends obtained		3	0
Proceeds from disposal of property, plant and tools		58	143
Loans granted		-8	0
Acquisition of property, plant and tools		-445	-312
Acquisition of intangible property		-113	-147
Internet money movement from investing actions		-467	-297
Money movement from financing actions
Compensation of borrowings		0	-800
Cost of principal portion of lease liabilities		-2 634	-2 402
Curiosity paid on lease liabilities		-546	-450
Dividends paid		-560	-750
Internet money movement from financing actions		-3 740	-4 402
Internet improve in money and money equivalents		9 855	8 297
Money and money equivalents originally of interval		17 098	8 980
Impact of translation to presentation foreign money		-509	75
Impact of change price fluctuations on money held		-535	-254
Money and money equivalents on the finish of interval		25 909	17 098

AS Silvano Vogue Group
Cellphone: +372 6845 000
E-mail: [email protected]

• SFG consolidated interim report for This fall and 12m for 2022 unaudited