Moleskine, the Italian company based in Milan, which specialises in the production of notebooks, planners, diaries, sketchbooks and albums announced that in 2014 its revenues stood at €98.7m, a year-on-year increase of 13.1 per cent (at constant exchangerates), showing growth across all geographical areas, channels and products.
In line with the company forecast, adjusted EBIDTA increased to €33.4m, up 0.4 per cent and net income to €19.2m, up 2.9 per cent. These positive financial results reflect the company’s strategic initiatives to support growth in 2015. Wholesale increased to €68.2m in 2014 from €63.1m in 2013, up by 7.7 per cent.
Based on a year-on-year comparison, in 2014 B2B sales rose to €18.4m (up 16.5 per cent), e-commerce increased to €4.1m (up 12.6 per cent) and retail rose to €7.9m (up 78.4 per cent). Net sales across EMEA increased by 6.3 per cent, in the Americas by 17.4 per cent and across APAC by 29.7 per cent.
The Group has successfully continued to increase the breadth of its product range through the launch of innovative products within the Paper Collection, which represent 91.6 per cent of total revenues. In 2014, revenues from the WTR (“Writing, Travelling & Reading”) collection increased by 33 per cent.
The Group continues to innovate, launching new colour ranges and Limited Editions. These include the new Lego and The Hobbit editions, as well as The Simpsons limited edition which coincided with the iconic TV show’s 25th anniversary. Other launches have included the Art Plus collection, which includes 25 specially designed notebooks aimed at artistic and creative audiences, and new colours were added to the soft cover collection. In addition, The Voyageur notebook with an analogue-digital integration was launched in 2014.
Arrigo Berni, Chief Executive Officer of Moleskine, said:
“We made strategic investment choices to sustain long-term growth, particularly in Wholesale and Retail, and still delivered on our profit targets, reflecting disciplined management of operating costs. These choices are already paying dividends and provide us with a strong platform to achieve our stated double-digit growth targets in both sales and profits, in 2015 and beyond. Today’s results heighten our confidence in delivering sustainable growth and the dividend proposed today represents an additional step to create shareholder value while delivering continued double digit EPS growth and retaining significant capacity to finance our on-going development”.
Moleskine is a small cap traded on Milan stock exchange (FTSE Small Cap)
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