CONSOLIDATED HALF YEAR FINANCIAL REPORT
SIX MONTHS ENDED JUNE 30, 2023
(FIRST HALF 2023)
Prepared according to IAS 34
Gruppo MutuiOnline S.p.A. (in breve Gruppo MOL S.p.A. o MOL Holding S.p.A.)
Sede Legale: Via F. Casati, 1/A - 20124 Milano, Italy Sede Operativa: Via Desenzano, 2 - 20146 Milano, Italy
Tel +39.02.8344.1 - Fax +39.02.91.39.08.63 - internet: www.gruppomol.it C.F. e P.I. 05072190969 - REA 1794425 - CCIAA 05072190969
Capitale Sociale Euro 1.012.354,01 Interamente Versato
INDEX | |||
2.3. Information about the profitability of the Group | 7 | ||
2.3.1. | Revenues | 10 | |
2.3.2. | EBITDA | 10 | |
2.3.3. | Operating income (EBIT) | 11 | |
2.3.4. | Financial Revenues/Expenses | 11 | |
2.3.5. | Taxes | 11 | |
2.3.6. Net income of the period | 12 | ||
2.4. Information about the financial resources of the Group | 12 | ||
2.4.1. Current and non-currentindebtedness | 12 | ||
2.4.2. Capital resources, investments, and description of the cash flows | 13 | ||
2.4.3. Changes in net working capital | 14 | ||
2.5. Report on foreseeable evolution | 15 | ||
2.5.1. Evolution of the Italian residential mortgage market | 15 | ||
2.5.2. | Broking Division | 15 | |
2.5.3. | BPO Division | 16 | |
2.6. Other information | 17 |
3. INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF AND
FOR THE SIX MONTHS ENDED JUNE 30, 2023 | 19 |
3.1. Consolidated statement of financial position as of June 30, 2023 and December 31, 2022 | 19 |
3.2. Consolidated statement of income for the six months ended June 30, 2023 and 2022 | 20 |
3.3. Consolidated statement of comprehensive income for the six months ended June 30, 2023 and
2022 21
3.4. Consolidated statement of cash flows for the six months ended June 30, 2023 and 2022 | 22 |
3.5. Consolidated statement of changes in equity as of and for the six months ended June 30, 2023 | |
and 2022 | 23 |
3.6. Explanatory notes | 24 |
4. DECLARATION PURSUANT TO ART. 154-BIS PAR. 5 OF LAW DECREE 58/1998 .... | 51 |
5. AUDITORS' REPORT ON THE REVIEW OF CONSOLIDATED CONDENSED
INTERIM FINANCIAL STATEMENTS | 52 |
2
1. GOVERNING BODIES AND OFFICERS
BOARD OF DIRECTORS | |
Chairman | Marco Pescarmona (1) (3) (5) (7) |
Chief Executive Officer | Alessandro Fracassi (2) (3) (5) |
Directors | Matteo De Brabant |
Fausto Boni | |
Klaus Gummerer (4) | |
Guido Crespi (4) | |
Giulia Bianchi Frangipane (4) | |
Camilla Cionini Visani (4) | |
Maria Chiara Franceschetti (4) | |
Stefania Santarelli (4) | |
BOARD OF STATUTORY AUDITORS | |
Chairman | Cristian Novello |
Active Statutory Auditors | Paolo Burlando |
Francesca Masotti | |
Substitute Statutory Auditors | Filippo Colonna |
Barbara Premoli | |
INDEPENDENT AUDITORS | EY S.p.A. |
COMMITTEES OF THE BOARD OF DIRECTORS | |
Audit and Risk Committee | |
Chairman | Giulia Bianchi Frangipane |
Camilla Cionini Visani | |
Klaus Gummerer | |
Remuneration and Share Incentive Committee | |
Chairman | Guido Crespi |
Stefania Santarelli | |
Matteo De Brabant | |
Committee for Transactions with Related Parties | |
Chairman | Maria Chiara Franceschetti |
Giulia Bianchi Frangipane | |
Klaus Gummerer |
- The Chairman is the Company's legal representative.
- The Chief Executive Officer legally represents the Company, dis-jointly from the Chairman, within the limits of the delegated powers.
- Executive Director.
- Independent non-executive Director.
- Holds executive offices in some Group companies.
- Lead Independent Director.
- Executive Director in charge of overseeing the Internal Control System.
3
2. INTERIM DIRECTORS' REPORT ON OPERATIONS
2.1. Introduction
Gruppo MutuiOnline S.p.A. (the "Company" or the "Issuer") is the holding company of a group of firms (the "Group") with an important position - through the entities of its "Broking Division" - in the Italian market for the online comparison, promotion and intermediation of products provided by financial institutions, e-commerce operators and utility providers (main websites www.mutuionline.it,www.prestitionline.it,www.segugio.it,www.trovaprezzi.itand www.sostariffe.it) and - through the companies of its "BPO Division" - in the Italian market for the provision of complex business process outsourcing services for the financial sector. Since February 2023, the Broking Division also has a significant position in the Spanish, French and Mexican markets for the online comparison and intermediation mainly of insurance products.
Please refer to the interim financial report as of and for the six months ended June 30, 2023.
In the following sections, we illustrate the main facts regarding the operations during the past half year and the current financial and economic structure of the Group.
2.2. Organizational structure
The structure of the Group and its Divisions is shown schematically in the following diagrams, in which all participations are 100% owned, except those for which a different percentage is indicated.
4
Broking Division:
BPO Division:
Compared with the composition of the Group as of December 31, 2022, the following changes occurred:
- On February 1st, 2023, the Group completed the acquisition of 100% of Rastreator.com Ltd, Preminen Price Comparison Holdings Ltd and LeLynx SAS, in accordance with the terms illustrated in the consolidated financial statement as of December 31, 2022. The consideration paid for the acquisition amounts to Euro 150,356 thousand. The main assets of the acquired companies are the Rastreator.com,LeLynx.frand Rastreator.mxportals, which represent leading operators in the sector of the online comparison and intermediation of mainly insurance products in Spain, Mexico and France.
5
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Gruppo MutuiOnline S.p.A. published this content on 08 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2023 17:28:07 UTC.