Results

BasicNet S.p.A.

10/29/2024 | Press release | Distributed by Public on 10/30/2024 01:42

BasicNet Q3 2024 reports growth on the same 2023 quarter

BasicNet Q3 2024 reports growth on the same 2023 quarter

Aggregate sales of Group products by the Global licensees' Network of 846.8 million euros; consolidated revenues of 296.1 million. The Board of Directors of BasicNet approved the Group performance as at September 30, 2024, on Tuesday, October 29. Royalties from commercial and production licensees: 44.4 million; direct sales: 250.5 million (+1.1%). EBITDA: 40.6 million (+4.3% in Q3 alone); EBIT: 26.9 million (+3.4% in Q3 alone). Commercial licensees and direct sales grew in Europe (+7.3%), accounting for 76.5% of aggregate sales circa. Based on the sales forecasts, the order portfolio, and the forecasted stream of royalties, the last quarter is expected to perform in line with 2023. Click here for the press release.