The Shareholders’ meeting of Reply S.p.A. has approved the 2023 financial statements and authorized the distribution of a gross dividend of €1.00 per share. A record date for this dividend has been established. The meeting also included the appointment of the Board of Directors and the Board of Statutory Auditors for the upcoming three-year period, as well as resolutions related to the purchase and/or sale of treasury shares.
The Financial Statement for 2023 revealed a consolidated turnover of €2,118.0 million, reflecting a 12.0% increase from the previous year’s €1,891.1 million. Consolidated EBITDA amounted to €325.1 million, representing a 3.5% increase from €340.3 million, and the EBIT showed a 2.5% increase at €292.7 million. The Group net profit was €186.7 million, marginally less than the previous year’s €191.0 million.
New members of the Board of Directors and the Board of Statutory Auditors for the three-year period 2024-2026 were also appointed, based on the lists of candidates submitted by the shareholders. The appointments were made following a comprehensive review of the submitted lists.
The Shareholders’ Meeting also granted authorization for a new share buyback programme, allowing the company to purchase shares to implement stock incentive plans, transactions aimed at acquiring equity investments, and entering into agreements with strategic partners. This authorization is effective for 18 months, with a maximum financial commitment of €450,000,000.
Additionally, the Shareholders’ Meeting approved Sections I and II of the Remuneration Report drafted pursuant to Article 123-ter of Legislative Decree 58/1998.
Of note, the company has set a dividend date of 20th May 2024, with the dividend to be paid on 22nd May 2024. Shareholders should take note of these dates.
The approval of the financial statements and the appointment of new board members demonstrate Reply S.p.A.’s commitment to transparency and good governance. The decision to distribute a dividend also underscores the company’s strong financial position and dedication to providing returns to its shareholders.
For further information regarding the new appointments and financial details, please visit the investors section of the website www.reply.com.
In conclusion, the decisions made at the Shareholders’ meeting signify a positive step for Reply S.p.A. and its shareholders. They exemplify the company’s commitment to financial transparency and efforts to drive long-term value for shareholders. The upcoming period is likely to be an exciting one for the company as it continues to make progress in operational and financial performance.