Take Off, a group active in the retail trade of clothing and accessories for adults and children, today approved the accounts as at 31 December 2021. The results show revenues of 26.4 million euros, up 25% compared to 2020 and a net profit of 5.6 million euros, + 48% compared to 3.8 million euros in 2020.
At the end of 2021 the net financial position was positive for 12.1 million euros, a clear improvement compared to the same period of 2020, thanks to the increase in cash and cash equivalents due to the listing on Euronext Growth Milan in November 2021.
In light of the results, the board of directors proposed the distribution of the 2022 dividend, relating to the 2021 financial year, of € 0.18, for a total amount of € 2.81 million. The first coupon will be detached on 2 May and paid out on 4 May.
In the wake of the accounts presented today, the Take Off share closed up 4.15%, thus finding itself at 4.27 euros per share.