Page 91 - Ratti Group - Sustainability report

RATTI GROUP | SUSTAINABILITY REPORT 2017
Salaries paid to employees, including social
security contributions, TFR (employee severance fund) and other items
Interest payable on loans and other forms of debt Dividends distributed
Income taxes and other tax liabilities
Charitable gifts and donations
28,652
987 3,555 1,894 74
27,906
1,377 2,735 2,094 22
2.67%
-28.32% 29.98% -9.55% 236.36%
99.4
MILLION OF ECONOMIC VALUE GENERATED IN 2017
1.98% INCREASE COMPARED
WITH THE PREVIOUS YEAR
ECONOMIC VALUE RETAINED
6,952
5,429
28.05%
In 2017 the Ratti Group generated EUR 99.4 million of economic value – an increase of 1.98% compared with the previous year. This was due, in particular, to growth in revenues from sales of goods and services.
93.01% of this value was distributed to the reference stakeholders. In detail, suppliers received 57.64% of this, employees 28.82%, shareholders 3.58%, the public administration 1.91%, lenders 0.99% and the community (in the form of charitable gifts and donations) 0.07%. The remaining 6.99% was retained in the Group.
1.91%
PUBLIC ADMINISTRATION
3.58
SHAREHOLDERS
0.99%
LENDERS
28.82%
EMPLOYEES
0.07%
COMMUNITY
6.99
COMPANY
57.64%
SUPPLIERS
%
%
The macroeconomic scenario
In 2017 the Italian textile-fashion industry grew by 2.4%. The growth was in line with the previous year, and was characterised by an improved performance from companies operating downstream of the industry (+2.9%) compared with those operating upstream (+2.1%).
With regard to raw materials, at end-2017 prices of raw silk in euros had recorded an increase of around 15.1% compared with the end of the previous year. This increase was limited
by euro appreciation.
In fact, during the same period the rise in the cost of raw silk in USD was 29%. More generally, at the end of the year prices in euros of the main textile raw materials had risen by 9.1% compared with the end of 2016. This was the combined e ect of the increases recorded for wool and synthetic fibres (+17.8% and + 8.9% respectively) and the falls recorded for cotton and artificial fibres (-4.3% and -8.2% respectively).
89