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Business Summary: Silvano Fashion Group AS (SFG), formerly PTA Grupp AS, is an Estonia-based company, which is mainly engaged in the design, manufacture and marketing of women's apparel and lingerie. In addition, the Company provides sewing services to other manufacturers of women’s lingerie. The Company owns such brands as Milavitsa, Alisee, Aveline, Lauma Lingerie and Laumelle. The Company is active domestically and abroad in such countries as the Russian Federation, Belarus, Ukraine and the Baltic States, where the Company sells its products through its retail chains, such as Milavitsa and Lauma Lingerie. Silvano Fashion Group AS operates eleven subsidiaries, located in Latvia, Belarus, France and the Russian Federation.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Silvano Fashion Group AS revenues decreased 2% to EUR13.9M. Net income increased 58% to EUR2.6M. Revenues reflect Lingerie Retail segment decrease of 5% to EUR4.8M, Russia segment decrease of 4% to EUR8.2M, Belarus segment decrease of 8% to EUR3.3M, Ukraine segment decrease of 62% to EUR18K. Net income reflects Unallocated segment loss decrease of 27% to EUR128K.