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BreakingNews: BasicNet 2018 financial statements approved; consolidated net profit doubles (+97.4%), aggregate sales grow (+17%)
Menestrello 08/03/2019 
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On Friday, March 8th BasicNet’s CEO Gianni Crespi presented the 2018 Consolidated and Separate Financial Statements approved by the Board of Directors, whom were called to meet in the morning under the chairmanship of Marco Boglione. Aggregate sales of Group products globally grew to 875.3 million euros, up 17%. Consolidated net profit doubles to 21 million. Royalties and sourcing commissions of 54.8 million, up 14.4%. Consolidated revenues: 210.4 million, up 14.7%. EBITDA of 33 million euros; EBIT of 26.6 million; consolidated profit before taxes of 25.4 million, with a growth of almost 70%. The European market grew substantially; The American market continued its development, while Asia, Oceania, Middle East and Africa recovered. Sales of subsidiaries BasicItalia and BasicRetail grew 14.8% to 155.6 million euros. Net debt reduced to 51.7 million euros. The Board of Directors proposed a dividend of 0.12 euro per share for a total of 6.5 million euros. The Shareholders’ Meeting was called for April 19th, 2019.



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