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AS Silvano Fashion Group Consolidated Interim Financial Report for Q2 and 6m of 2025 (unaudited
Summarized selected financial indicators of the Group for 6 months of 2025 compared to 6 months of 2024 and 30.06.2025 compared to 31.12.2024 were as follows:
The Group`s sales amounted 28 428 thousand EUR during 06 months of 2025, representing a 5.7% decrease as compared to the same period of previous year. Overall, wholesale decreased by 12.7%, measured in EUR.
The Group’s gross profit during 06 months of 2025 amounted to 15 091 thousand EUR and decrease by 12.2% compared to previous year. The gross margin during 06 months of 2025 decreased by 6.8% compared to 06 months of 2024. The cost of sold goods increased by 2.9%.
Consolidated operating profit for 06 months of 2025 amounted to 5 961 thousand EUR, compared to 8 562 thousand EUR for 06 months of 2024, decrease by 30.4%. The consolidated operating profit margin was 21.0% for 06 months of 2025 (28.4% for 06 months of 2024). Consolidated EBITDA for 06 months of 2025 decreased by 24.8% and amounted to 7 566 thousand EUR, which is 26.6% in margin terms (10 055 thousand EUR and 33.4% for 06 months of 2024).
Reported consolidated net profit attributable to equity holders of the Parent company for 06 months of 2025 amounted 5 781 thousand EUR, compared to net profit of 7 053 thousand EUR for 06 months of 2024, net profit margin attributable to equity holders of the Parent company for 06 months of 2025 was 20.3% against net profit margin 23.4% for 06 months of 2024.
As of 30 June 2025, consolidated assets amounted to 92 405 thousand EUR representing increase by 9.4% as compared to the position as of 31 December 2024.
Trade and other receivables increased by 958 thousand EUR as compared to 31 December 2024 and amounted to 2 164 thousand EUR as of 30 June 2025. Inventory balance increased by 3 269 thousand EUR and amounted to 31 574 thousand EUR as of 30 June 2025.
Equity attributable to equity holders of the Parent company increased by 6 859 thousand EUR and amounted to 72 852 thousand EUR as of 30 June 2025. Current liabilities decreased by 287 thousand EUR during 06 months of 2025.
During 06 months of 2025 the Group’s investments into property, plant and equipment totalled 368 thousand EUR, in previous year same 476 thousand EUR. Investments were made mainly into opening and renovating own stores, as well into equipment and facilities to maintain effective production for future periods.
As of 30 June 2025, the Group employed 1 644 employees, including 536 people in retail operations. The rest were employed in production, wholesale, administration and support operations. In 31.12.2024 there were 1 655 employees, including 518 people in retail operations.
Total salaries and related taxes during 06 months of 2025 amounted 7 885 thousand EUR (7 117 thousand EUR in 06 months 2024). The remuneration of key management of the Group, including the key executives of all subsidiaries, totalled 419 thousand EUR.
AS Silvano Fashion Group
Phone: +372 6845 000
Email: info@silvanofashion.com
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2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti