Unieuro’s board of directors approved the accounts for the year ended on February 28, which see an “entirely organic growth in revenues (+ 9.8%), at an all-time high of 2.7 billion in the year marked by Covid-19” , underlines a note that underlines how the economic and financial results were obtained “also thanks to the non-repeatable effects of the actions taken to contain the impact of the pandemic”. Adjusted Ebit jumped 48% to 86.8 million and net profit to 66.9 million (+ 58.8%) against a net cash of 154.8 million compared to 29.6 million as of February 29, 2020 The board of directors thus proposed an ordinary dividend of 2.6 euros per share, for a maximum of 54.2 million in total, “which also compensates the shareholders for the dividend not paid in 2020 due to the uncertainty caused by the pandemic”. “Significant investments are planned in the 2021/22 financial year to support the digital transformation of Unieuro in an omnichannel key” and “the new strategic plan is being drawn up, which for the first time will be presented to the market”. The reaction in Piazza Affari regarding the distribution of a maxi coupon was decidedly cold: the stock is losing more than 5 percentage points.
The new partner Iliad
At the beginning of April the announcement of the entry of Iliad with about 12% investing 50 million. The telephone company headed by Xavier Niel, and led in Italy by Benedetto Levi, has thus decisively entered the leading company in the retail distribution sector from consumer electronics to small and large household appliances. After “two years of collaboration between the two companies in the distribution of the operator’s sim through the Simboxes located in 200 of the 500 Unieuro stores”, and while preparing to enter the fixed network market, Iliad explained that he had “decided to invest in Unieuro’s capital to accompany it on its path of growth and innovation ». In this context, underlines the CEO of Iliad Italia Benedetto Levi, “we are happy to enter the capital of Unieuro to accompany them in their long-term growth. We appreciate the Unieuro team and share fundamental values with them: a constant desire to innovate, a strong entrepreneurial spirit and a real attention to the quality of the relationship with users and consumers ».
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(Il Sole 24 Ore Radiocor)