Mar 22, 2022 / NTS GMT
Massimo Candela - Fabbrica Italiana Lapis ed Affini S.p.A. - CEO
Good afternoon and welcome, everyone, to this call. Before I give Stefano De Rosa the responsibility to give you the exact numbers of 2021, let me comment briefly what has been an extremely good year for us. Probably the best year since the company has been listed.
In fact, I recall when we were talking about our long-term targets and I was analyzing the number of 2021, to consider only Europe and North America perimeter, we have reached an 18% EBITDA on sales, which is a remarkable performance in a not easy year. If you recall, since March 2021, there has been an important pressure from cost, from transportation, from raw material. And despite this, these two big markets have been able to guarantee an extremely strong performance.
We have seen only toward the end of the year, a recovery from -- in Mexico that clearly represents an important asset for our future. We have delivered a very strong performance in terms of cash generation. I would say that in this moment we are even better than expected. We have generated free cash
Q4 2021 FILA Fabbrica Italiana Lapis ed Affini SpA Earnings Call Transcript
Mar 01, 2024
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