RECORDATI SHAREHOLDERS APPROVE THE 2020 ACCOUNTS. DIVIDEND € 1.05 PER SHARE (+5% vs 2019)
Milan, 20 April 2021 – Today the Annual Meeting of Recordati S.p.A. Shareholders was held.
Recordati S.p.A.’s Annual Shareholders’ Meeting approved the company’s 2020 financial accounts, which were prepared according to IFRS. In addition, the Group’s consolidated statements, which were also prepared according to IFRS, and the consolidated non-financial statements 2020, pursuant to Legislative Decree n. 254/2016, were presented. The tables attached contain a summary of the 2020 financial statements which were commented in the press release issued on 18 March 2021. In 2020 consolidated net revenues were € 1,448.9 million (-2.2%), EBITDA(1) was € 569.3 million (+4.7%), operating income was € 469.0 million (+0.8%), net income was € 355.0 million (-3.8% or +3.2% excluding non-recurring “Patent Box” tax benefits, equal to € 2.0 million in 2020 and to € 27.0 million in 2019), adjusted net income(2) was € 410.4 million (+7.3%).
As proposed by the Board of Directors, the shareholders approved a dividend of € 0.55 per share, in full balance of the interim 2020 dividend of € 0.50, to be paid to all shares outstanding at ex-dividend date, excluding those in treasury stock, as from 26 May 2021 (record date 25 May 2021), with ex- dividend on 24 May 2021 (against presentation of coupon no. 27). The full 2020 dividend is therefore of € 1.05 per share (€ 1.00 per share in 2019).
(1) Net income before income taxes, financial income and expenses, depreciation, amortization and write-downs of property, plant and equipment, intangible assets and goodwill, and non-recurring items.
(2) Net income excluding amortization and write-downs of intangible assets (except software) and goodwill, and non-recurring items, net of tax effects.
RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA S.p.A.
Sede Legale
VIA Matteo Civitali, 1
20148 Milano, Italy
Ph. (39) 02 487871
Fax (39) 02 40073747
Share Capital € 26.140.644,50 fully paid-up
Milano, Monza, Brianza and Lodi Comp. Reg. No. 00748210150
Tax Code/VAT No. 00748210150
Milano R.E.A. No. 401832
Company subject to the Management and Coordination Activity of Rossini Luxembourg S.àr.l