Italy · Delayed Price · Currency is EUR CIR S.p.A. - Compagnie Industriali Riunite Earnings Call Transcripts
Fiscal Year 2026
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Sales and net results grew in H1 2026, driven by KOS's full consolidation and operational improvements. Italian rehab tariffs will boost future results, while Sogefi maintained margins despite flat revenues. Share buybacks and KOS acquisition impacted net financial position.
Fiscal Year 2025
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Revenues declined slightly year-over-year due to currency effects, but KOS improved profitability and Sogefi increased EBITDA despite sector headwinds. The group completed the full acquisition of KOS and continued capital returns through buybacks and dividends.
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Profitability improved for both KOS and Sogefi despite lower revenues, with group net result rising to EUR 14.5 million. Outlook is positive for the full year, though Sogefi faces ongoing market volatility and KOS expects a stronger second half.
Fiscal Year 2024
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Share count was reduced and a major real estate sale agreed, while Sogefi delivered strong growth and KOS continued a slow recovery. Cost inflation and labor shortages remain key challenges, with gradual tariff adjustments expected.
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H1 2024 saw strong net profit driven by major divestitures, robust KOS growth, and improved margins at Sogefi despite weak car markets. Occupancy and tariffs in healthcare rose, while share buybacks and a positive net financial position strengthened capital structure.