Revenues of €24.9 milion (+46,8% yoy)
EBITDA of € 6,0 Million, with 24.0% margin
Net Profit after Tax of €3,6 Million, with 14.4% on Revenues
Operating Cash Flow of €3,7 Million, reflecting the positive impact of the brands’ synergies
In H1 2021, in an environment marked by the abating global health crisis, the integration of Bell Helmets and Zeronoise brands has continued and brought the first important results for the Group. I would like to thank all Racing Force Group employees for their outstanding passion and focus on creating synergies and executing at a high level that have led the Group to achieve historical record H1 financial results.Paolo Delprato, Group President & CEO
Ronco Scrivia (GE- Italy), September 13th, 2021 – The Board of Directors of Racing Force S.p.A., parent company of Racing Force Group, convened on September 10th 2021, approved the Consolidated Financial Statement related to H1 2021.
All brands of the Group recorded an excellent start to the year. During the first half of the year, the Group has earned Income equal to €24,9 million, in comparison with €17,0 million earned in 2020 (+46,8%). The overall growth has been in all the geographical areas, with particularly significant increases in Europe, USA and Oceania.
EBITDA Margin was €6,0 million equal to 24,0% of sales income, growing in comparison with 2020 at €2,5 million (14,5% margin), thanks to the contribution of new product innovation, sales synergies between the brands, improved efficiency from the integration of the companies and the strength of the OMP and Bell Helmets brands at a global level. Net Profit is equal to €3,6 million, with an increase of +375% compared with 2020 H1.