Q4 2025 FILA Fabbrica Italiana Lapis ed Affini SpA Earnings Call Transcript
Key Points
- FILA-Fabbrica Italiana Lapis ed Affini SpA (FILAF) achieved satisfactory results in 2025 despite facing significant challenges, particularly in the Central and North American markets.
- The company maintained profitability even with a weak dollar, as turnover in dollars was offset by costs in dollars.
- Europe showed positive performance, with a 4.9% increase in Q4 2025, supported by commercial reorganization efforts.
- The acquisition in the Italian market is expected to compensate for the negative birth rate and improve profitability.
- Indian operations continued to perform well, with substantial growth and a more than 20% increase in top-line revenue, demonstrating a sustainable business model in India.
- Core businesses decreased by 3.1% on a comparable FX basis due to lower consumer demand and reduced government funding for schools in the USA and UK.
- Adjusted EBITDA declined by 4.6% on a comparable FX and tariff basis, reflecting lower revenues.
- Adjusted group net profit fell to EUR33.0 million from EUR40.9 million in 2024, impacted by EUR6.8 million of ForEx losses.
- Free cash flow to equity was significantly impacted by temporary cash absorption due to tariffs and China reorganization, totaling approximately EUR11 million.
- The net financial position increased by EUR14 million compared to the end of 2024, mainly due to EUR42 million of dividend distribution.
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the FILA full-year 2025 results conference call. (Operator Instructions) Today, hosts are Mr. Massimo Candela, Chief Executive Officer; Mr. Luca Pelosin, COO; and Mr. Cristian Nicoletti, CFO.
Mr. Candela, please go ahead.
Thank you. Good afternoon, everyone. I think that 2025 has been, from our point of view, a satisfactory year as we have to face a lot of unprecedented and unforeseen challenges. I'm referring mainly to Central and North American market. As you know, US and Mexico account for almost 60% of the FILA Group balance sheet.
And as you know, many American companies has had very difficult time last year to manage the strategy of the Trump administration with the tariffs. And so despite this, I think that we have been able to achieve a very good result. Let me remember the challenges we have faced in 2025.
There are three
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
