Page 90 - Ratti Group - Sustainability report
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 CH. 7 | ECONOMIC PERFORMANCE
7.1 The results of the Group for the 2017 financial year
The principal economic indicators relating to the 2017 financial year, compared with the
corresponding values for the previous year, are reported below:
Revenues from the sale of goods and services Value of production and other income
Gross margin (EBITDA)
Operating profit (EBIT)
Pre-tax profit (EBT) Profit for the year
91,326 96,372 8,908 5,484 5,294 3,623
  (amounts in EUR thousands)
     SUMMARY OF ECONOMIC DATA
31.12.2017
31.12.2016
   99,410
   99,272
   11,528
   8,077
   7,507
   6,022
    97.8%
OF THE TOTAL AGGREGATE TURNOVER FOR 2017 GENERATED BY RATTI S.P.A.
+15.3% SALES GROWTH FOR
EUROPEAN UNION COUNTRIES
+5.9% SALES GROWTH FOR
THE DOMESTIC MARKET
The results for the 2017 financial year show an improvement for all the economic indi- cators of the Group, which grew both in terms of revenues (+EUR 8.1 million, +8.9%) and profitability (EBITDA was EUR 11.5 million, up by 29.4% on the previous financial year), while profit for the year was EUR 6.0 million (up by 66.2% on 2016). The trend for sales was characterised mainly by growth in Polo Luxe (+EUR 6.9 million, +19.1%), and a trend that was positive overall for the other areas of the business, especially Polo Collezioni Donna and Collezioni Uomo.
Revenues increased in all geographical reference markets. In particular, sales increased in European Union countries (+EUR 4.2 million, + 15.3%) and in the domestic market (+EUR 2.1 million, + 5.9%). 97.8% of total aggregate turnover for 2017 was generated by the Parent company Ratti S.p.A. The increase in profitability was the result of a mix of improved sales in terms of margins, as well as more e cient production leading to cost benefits.
7.2 Directly generated and distributed economic value
The following table shows economic value directly generated by the Ratti Group and distrib-
  uted to internal and external stakeholders.
Revenues from sales of goods and services
Change in stock and work in progress
Other revenues and net income
Financial income
Operating costs (for the acquisition of raw materials, subsidiary materials, consumables, goods,
and for third-party services and leases and rentals).
99,410 91,326
-1,466 3,028
1,052 1,939
417 1,187
57,299 57,917
-1.07%
    (amounts in EUR thousands)
     2017
2016
     DIRECTLY GENERATED ECONOMIC VALUE
99,413
97,480
1.98%
              ECONOMIC VALUE DISTRIBUTED
  92,461
  92,051
  0.45%
    88
 












































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