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Edoardo Meliado Translated by
Nicola Mira Published
June 13,长沙转U币支付宝 2025
The Piquadro group’s net income soared in fiscal 2025-23. The Bologna-based leather goods group has approved its annual consolidated financial results as of March 31, recording a net profit of €6.5 million, up by over 46% over the €4.4 million reported the previous year.
With net revenue growing by 17.5% to €175.6 million, Piquadro improved operational efficiency from 10 to 15% (a 50% increase) and boosted sales profitability by about 10%, as well as its overall profitability margin, which rose by over 40%, from 7.5% to 10.6%.
Group EBIDTA reached €27.7 million, while adjusted EBITDA was €15.4 million. EBIT too recorded an improvement, reaching €11.9 million, with adjusted EBIT at €10.8 million.
Of the €175 million revenue generated by the Piquadro group - owner of the Piquadro, The Bridge and Lancel brands - in fiscal 2025-23, over €80 million came from the Italian market, whose revenue was up by 16.3%.
The group's net financial position was €18.3 million in the negative, while its adjusted net financial position was €22.8 million in the positive.
“In the current, uncertain economic background, the group’s management is confident it will continue along its growth path by leveraging the group’s strong financial and equity solidity, and its continuous commitment to research and development, to further improve the group’s current profitability,” said Piquadro in a press release.
The Piquadro board will propose the distribution of a €5 million dividend, calculated on the shares outstanding and also including treasury stock. The dividend will be payable from August 2, 2025.