The Prim Group has increased its income by 9.5% throughout the first nine months of the year, with a turnover of 169.5 million euros, compared to 154.8 million in the same period of the previous year. 7.5% of this increase It had its origin in organic causes and the rest came from the Ortoprono societyacquired in May 2023. The company has also increased its profitability and ability to generate sustainable value. Among other magnitudes, The accumulated gross margin as of September has been estimated at 83.2 million euros (49.1% of sales) compared to 76 million in the same period of 2023 and the 68 million obtained in the first nine months of 2022.
A capital gain of 1.7 million euros has impacted the company’s accounts, coming from the sale of the SPA and Wellness business, carried out last year. Despite not having this contribution, the results of the listed group have practically maintained their level of profitability, with a result before taxes of 10.1 million and a positive evolution of the ebitda. Specifically, The EBITDA until September of this year has stood at 18.7 million euros, compared to 17.7 million euros in the same period of 2023, which represents an increase of 5.8% in reported terms and 18.4% without considering the aforementioned capital gain.
The adjusted result before taxes is 20.2% above 2023. For its part, the operating result reached 10.5 million euros, in line with that obtained in the same period of the previous year. Without the extraordinary effect of that year, the operating result rose 23.2%. The same occurs with earnings per share, which amounted to 0.459 euros per share in the first nine months of this year. Discounting the 0.084 euros per share from the sale of the Spa division, the comparable figure is established at 0.375 euros per share in the first nine months of 2023, which represents an increase of 22.4% in recurring profit as of September this year. Throughout this exercise, Prim explains that “has focused its management on improving operational efficiencythe search for synergies of the acquired companies, price stability that allows boosting margins and improving collection times, in addition to promoting growth and profitability.
Likewise, Grupo Prim recognizes have strengthened their financial position after paying more than 5.7 million euros in dividends and maintaining a solid treasury thanks to the cash generation of its recurring business.
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