Naples, 29 March 2023

PRELIMINARY RESULTS DISCLOSED TO THE MARKET IN FEBRUARY CONFIRMED
EXCELLENT PERFORMANCE OF ALL FINANCIAL INDICATORS ORDINARY SHAREHOLDERS’ MEETING PLANNED FOR 27 APRIL 2023:
PROPOSED DIVIDEND OF € 0.47 PER SHARE
PROPOSAL TO AUTHORIZE PURCHASE AND DISPSOAL OF OWN SHARES 

• VALUE OF PRODUCTION: € 158.7 million (€ 130.7 million at 31 December 2021) +21.4%
• EBITDA: € 16.8 million (€ 13.8 million at 31 December 2021) +21.5%
• EBIT: € 13.6 million (€ 11.3 million at 31 December 2021) +20.4%
• NET PROFIT: € 7.8 million (€ 6.1 million at 31 December 2021) +27.8%
• NET FINANCIAL POSITION (net debt): – € 28.7 million (- € 5.0 million at 31
  December 2021)
  
  

Naples, 29 March 2023 – The Board of Directors of ALA S.p.A. (EGM: ALA), leader in Italy and a main global player in the offer of integrated logistics services and the distribution of products and components for the aerospace industry in both the civil and defense sectors (“Aerospace & Defense”), met yesterday under the chairmanship of Fulvio Scannapieco and approved the Draft Financial Statements, the Consolidated Financial Statements and the Sustainability Report at 31 December 2022.
Please note that the Company released the preliminary consolidated results at 31 December 2022 on 28 February 2023, which are not subject to auditing (see press release).
The scope of consolidation includes the 12 month results of ALA Groupand the results of the final quarter of 2022 of the Spanish Group SCP Sintersa, acquired on 30 September 2022 (see press release).

Roberto Tonna, CEO of ALA Group, commented, “I am extremely satisfied with the results achieved by ALA in 2022. The hard work and constant commitment of our people, combined with our business strategy, have led us to reach important goals: I am thinking in particular of the acquisition of the SCP Sintersa Group at the end of September 2022, which confirms our aim of becoming the main supply chain integrator for the aerospace market and high-tech industries. Thanks to this transaction, ALA accelerated its internationalization process, entering the Iberian market by acquiring one of the leading companies in Spain in electrical components and the design and production of interconnection systems for the aerospace, defense and rail sectors. Our Group also recorded excellent performance in terms of organic growth, based on a solid and scalable business model, and thanks to the renewed trust of our main customers. In 2023, we intend to continue along the same path, hopeful that it will be another year of growth and success for us”. 

MAIN CONSOLIDATED FINANCIAL RESULTS1 

The ALA Group closed 2022 with excellent performance in terms of organic growth, due to its solid and scalable business in high-potential markets, as well as of inorganic growth thanks to its M&A strategy. 

Value of Production came in at a record € 158.7 million, +21.4% YoY compared to € 130.7 million at 31 December 2021. This increase was definitely attributable to the significant improvement in the performance of the main business lines, as well as the inclusion of the turnover of Spanish Group SCP Sintersa in the final quarter of the year. In case of consolidation of the Spanish Group starting from January 2022, value of production would have amounted to € 185.3 million 

The Gross Margin was equal to € 48.5 million, compared to € 37.4 million in financial year 2021, with a contribution of 30.5% of revenues, up 1.9 percentage points from the previous year (28.6% in 2021), despite a 2022 characterized by persistent inflation, component shortages and increased transport costs. 

EBITDA stood at € 16.8 million (€ 13.8 million in 2021) with an EBITDA Margin equal to 10.6%, substantially in line with the previous year, also taking into account the increase in the operating cost structure connected to new investment projects and thanks to the constant improvement of supply chain efficiency. Pro-form annual EBITDA, including the consolidation of SCP Sintersa for the entire 12 months, would have been equal to € 19.8 million with a margin equal to 10.7% of revenues. 

EBIT was equal to € 13.6 million, compared to € 11.3 million in the previous year, recording a significant increase of +20.4%. The consolidated Net Profit for 2022 came in at € 7.8 million, up 27.8% compared to € 6.1 million recorded in the previous year. 

The Net Financial Position (debt) closed at € 28.7 million, compared to a NFP (debt) of € 5.0 million at 31 December 2021, and includes the bank loan of € 35.0 million disbursed on 30 September 2022 for the acquisition of SCP Sintersa. This result demonstrates that ALA continued to generate cash flows, in line with its performance in recent years. 

At 31 December 2022, the Group showed further improvement in terms of capitalization, with the consolidated Shareholders’ Equity of ALA S.p.A. rising from € 56.8 million at 31 December 2021 to € 60.4 million. 

To Know more: ALA

1 Data relating to the Consolidated Financial Statements at 31 December 2022 are currently being certified by the Independent Auditors. 

ABOUT ALA

A.L.A. S.p.A. (Euronext Growth Milan: ALA) is a leading international supply chain partner in the Aerospace, Defense, Rail and High-Tech sectors. For over 35 years, ALA has been the go-to partner for the management and distribution of high-performance products, services, and engineering solutions capable of simplifying and optimizing the supply chain management operations of its customers. With headquarters in Naples, Italy, the ALA Group – together with its latest acquisition, S.C.P. Sintersa – now relies on the talent of over 500 employees and the strength of a growing network of sales offices and operational sites in Europe (Italy, Spain, Portugal, the UK, France, and Germany), Israel and North America. ALA serves customers in 40 countries and manages more than 1300 suppliers around the world.