Iervolino & Lady Bacardi Entertainment S p A: The Board of Directors approves the statutory consolidated financial statements for the year ending December 31, 2022

Consolidated revenue of EUR 161 million, up 6% year-on-year in 2021
Fiscal Year 2021

• Consolidated revenue of EUR 161 million (2021: EUR 152.3)

• Consolidated EBIT EUR 20.8 million, 13% of total revenue (EUR 24.4 million, 16% margin in 2021)

• €11 million in non-recurring costs related to changes in business strategy to optimize long-term economic returns
  certain seasonal trends

• Net profit after non-recurring charges of EUR 3.5 million (2021: EUR 18.4 million)

• – Adjusted net financial position, debt (due to the impact of IFRS 16 for the current financial year 2.7) of EUR 23.1m (FY2021: EUR 29.3m)

• Three-year order backlog of 172.9 million euros from 2023 to 2025

• For FY 2023, forecasts for revenue and capitalized engineering growth and slightly lower margins are confirmed

• Ordinary general meeting to approve annual financial statements and appoint auditors,
  A conference call will be held on April 14, 2023, and the proposal to include this year’s profit in the non-recurring provident fund

The Board of Directors of ILBE (Iervolino and Lady Bacardi Entertainment), a company active in film and television content production (Euronext Growth Milan – IT0005380602 – IE and Euronext Growth Paris – IT0005380602 – ALIE), met today and approved the consolidated financial report and the Annual Draft Financial Statements
December 2022.

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Iervolino & Lady Bacardi Entertainment SpA published this content on March 23, 2023 and is solely responsible for the information contained therein.Distributor peopleunedited and unaltered, March 23, 2023 21:39:15 UTC.