FY2021 Preview
- Forecast Adjusted EBITDA of ~ Euro 109 million significantly up (+14.7%) on Euro 95 million in 2020
- The progress of the School & Office in higher-profitability geographical areas such as Europe and North America and an improved Fine Art, Hobby & Digital sales mix more than offset the weaker performances in India and Mexico, which however indicate significant signs of recovery for 2022
- Cash of ~ Euro 95 million generated in the two years of COVID
- Net Bank Debt improves ~ Euro 65 million excluding currency effect