AS Company announced that in 2023 it achieved a historic profitability of €5.95 million, with the EBIDTA ratio standing at 19.16% of sales.
The company maintained its market share in the children's toys sector, achieving historically high sales at group level, which amounted to €28.7 million in 2023, with innovative products combining quality and affordability, the listed company said in a statement, adding:
Group EBIDTA in 2023 amounted to €5,500 million compared to €4,659 million in 2022, an increase of 18.05%. At the same time, the increase in the gross margin and the positive bond premiums contributed to a consolidated profit before tax of €5,954 million, compared to €3,284 million in 2022, an increase of 81.32%. Consolidated profit after tax stood at €4,533 million, compared to €2,581 million in the previous year's period, an increase of 75.64%.
Subsidiaries' contribution to group sales was 16%, with the contribution to profit before tax at 14.3%.
The company is focusing on digital restructuring and upgrading as one of the key pillars of its strategy and continues to focus on providing the necessary digital tools to its customers, with an emphasis on e-commerce.
Management's key objectives include improving profitability, ensuring liquidity, and maintaining a competitive advantage in the gaming industry. At the same time, the active search for opportunities to increase turnover, either through acquisitions or by operating in similar sectors, remains a priority for AS. In the context of more efficient risk management, the management has chosen to invest part of its liquidity in the acquisition of properties offered for tourist use in Crete. The total amount of the investments amounts to €3,996 million.
Shielding liquidity, achieving profitable results, and maintaining a strong competitive position were the key objectives of the management for the financial year 2023.
The management of the company intends to distribute a gross dividend of € 0.13684 per share, 18.2% higher than in the previous year. The proposed distribution is subject to the approval of the Annual General Meeting of Shareholders.
