They are numbers overall positive, despite the decrease compared to 2019, those recorded by the group Fininvest in 2020, a year marred by the economic crisis following the health emergency.
This is what was communicated today during the Shareholders’ Meeting, under the chairmanship of Marina Berlusconi, who approved the financial statements of the parent company and examined the consolidated one relating to the year ended precisely on 31 December 2020.“The restrictions adopted in the aftermath of the pandemic by Covid-19 exploded at the beginning of 2020, they had extremely negative impacts, due to the collapse in consumption, also on the markets in which the Fininvest Group operates “, reads the official statement. “Faced with this epochal emergency situation, the Group companies have demonstrated truly significant flexibility and adaptability, rapidly implementing, in parallel with an even greater focus on costs, innovative solutions in terms of employee safety, of work organization and business management “.
Hopes for 2021
The Fininvest group has achieved on a consolidated level“a positive operating result of 209 million euros, a net profit of 141 million euros and a positive ordinary cash generation of over 320 million, which made it possible to record a financial surplus of 136 million. The profitability figure should also be highlighted. , equal to 24.7% and in line with 2019 “. The fact of having contained the losses in such a delicate year due to the health emergency makes it possible to look with greater optimism at 2021, the statement reads again.
The results of 2020
With regard to i consolidated revenues, in 2020 they amounted to 3,459.1 million euros, with a decrease of 11% compared to 2019 (3,886.4 million in 2019). “The gross operating margin was 854.8 million euros, compared to 967.8 million in the previous year, with an incidence on revenues of 24.7%”, continues the official note.
The Operating income therefore, the group is positive for 209.1 million euros (338 million in 2019), while the consolidated net result is 141.2 million euros (220.3 million in 2019). “The net financial position of the Fininvest Group at 31 December 2020 (considering the adjustments to the IFRS16 accounting standard) shows a debt of 1,397 million euros compared to 1,533 million at 31 December 2019”, still reads in the press release. “The financial surplus of 136 million euros was achieved essentially thanks to a generation of ordinary cash which, despite such a complicated year, reached 322 million euros (330 million in 2019)”.
Despite the crisis, finally, Fininvest has carried out investments for 601 million euros throughout 2020.
The board of directors and the dividend
The new Board of Directors was also appointed during the meeting: confirmations arrived for Marina Berlusconi (President), Danilo Pellegrino (CEO), Barbara Berlusconi, Luigi Berlusconi, Pier Silvio Berlusconi, Adriano Galliani, Niccolò Ghedini and Salvatore Sciascia. Ernesto Mauri is also a member of the Board of Directors.
Following the approval of the 2020 financial statements by the shareholders’ meeting, the news has come that Fininvest will distribute a dividend of 100 million euros to the Berlusconi family. At the end of 2019, reserves amounted to 1.3 billion.
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