Silvano Fashion Group AS Reports Q1 2025 Financials and Announces Audit Delay

Silvano Fashion Group AS (SFG), a key player in the consumer discretionary specialty retail sector, has released its consolidated interim financial report for the first quarter of 2025. The report, which remains unaudited, provides a detailed overview of the company’s financial performance during this period.

Q1 2025 Financial Highlights

  • Revenue: The company reported a revenue of €12,016,000, marking a 13.6% decrease from the €13,904,000 recorded in Q1 2024.
  • Gross Profit: Gross profit fell by 25.0% to €5,844,000 from €7,789,000 in the same quarter of the previous year.
  • Operating Profit: There was a significant decline in operating profit, which dropped by 60.5% to €1,402,000 compared to €3,548,000 in Q1 2024.
  • EBITDA: Earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased by 49.6% to €2,165,000 from €4,298,000.
  • Net Profit: Despite the declines in other areas, net profit for the period increased slightly by 1.8% to €2,969,000, up from €2,916,000.
  • Net Profit Attributable to Equity Holders: This figure rose by 7.8% to €2,752,000 from €2,554,000.
  • Earnings Per Share: Earnings per share increased by 14.3% to €0.08 from €0.07.

Cash Flow and Balance Sheet Overview

  • Operating Cash Flow: The operating cash flow for the period was negative, at -€2,618,000, a significant decrease from the positive €1,753,000 in the previous year.
  • Total Assets: As of March 31, 2025, total assets increased by 5.9% to €89,449,000 from €84,489,000 as of December 31, 2024.
  • Total Equity: Equity attributable to equity holders of the parent company rose by 6.7% to €70,389,000.
  • Cash and Cash Equivalents: There was a substantial decrease in cash and cash equivalents by 69.4%, down to €2,348,000 from €7,683,000.
  • Short-term Deposits: Short-term deposits over three months increased by 15.5% to €36,971,000.

Profit Margins

  • Gross Profit Margin: The gross profit margin decreased by 13.2% to 48.6%.
  • Operating Profit Margin: The operating profit margin saw a significant reduction of 54.1% to 11.7%.
  • EBITDA Margin: The EBITDA margin decreased to 18%.

Audit Delay Announcement

In addition to the Q1 financial report, SFG has announced a delay in the disclosure of its audited consolidated annual report for the 2024 financial year. Initially expected to be released by May 31, 2025, the report will now be available on June 6, 2025. The delay is due to reasons beyond the company’s control. This announcement was made on April 30, 2025, and is available on the company’s stock exchange news page.

For further inquiries, Silvano Fashion Group AS can be contacted at Tel +372 6845 000 or via email at info@silvanofashion.com .