All the (intermittent) accounts of Beghelli
What emerges from the 2020 financial statements (in red) of Beghelli, a company active in the electronics and security sector
Deep red for Beghelli. The company, active in the electronic and security sector , recorded a loss of 8.9 million euros in 2020 (down by 9.4% compared to the previous year). Revenues also fell in the year of the pandemic. All the details.
THE RED OF BEGHELLI
The group closed 2020 with a net result of minus 8.9 million euros, down by 9.4% compared to the previous year. The loss, the company explains in a note, is affected by "negative non-recurring components for Euro 1.9 million, relating to the impairment of some properties and the impairment of net assets for prepaid taxes for the part relating to tax losses for the year 2020 ".
REVENUES DOWN
Revenues are also down: 127.3 million, a decrease of 13.4% compared to the previous year. Revenues from the lighting sector amounted to 122.5 million euros, down by 15.5% compared to those recorded in the previous year, with an incidence on total revenues, as at 31 December 2020, of 96.2%. The 2020 net consolidated revenues of the Other activities sector amounted to € 4.9 million, up by € 2.9 million, thanks to the sale of new products for air sanitation.
IMPROVING OPERATING MARGIN
The gross operating margin, on the other hand, amounted to 8.1 million Euros, an improvement of 11.2% compared to 2019, thanks to "the dynamic improvement in the industrial product margins in relation to revenues, which partially offset the effects deriving from the reduction in sales volumes, as well as the downward trend in direct commercial costs (premiums, promotions, commissions, etc.) due to lower sales volumes and lower overhead costs, in particular referring to the cost of personal. The effects of these items were partially offset by higher advertising costs ".
FINANCIAL POSITION
The net financial position at 31 December 2020 showed a debt of 54.6 million euros, an improvement of 2.4 million compared to the beginning of the year.
The company will propose to the meeting to cover the loss for the year with the use of the item “Share premium reserve”.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/tutti-i-conti-intermittenti-di-beghelli/ on Fri, 26 Mar 2021 08:05:17 +0000.