Corporate finance: a certificate of solidity arrives for Better Silver, a Vicenza-based company that has been operating for forty years on the international market in the production and marketing of Made in Italy silver jewelery.
In fact, the credit rating company Cerved Rating Agency has confirmed the A3.1 rating to Better Silver. Cerved Rating Agency therefore places Better Silver in a safe area. The company also confirmed for 2019 the good performances already highlighted in recent years: the pre-closing 2019 data indicate a substantial maintenance of revenues at around 47 million euros and an Ebitda margin of 11.2%.
The commercial strategy set in the last year, oriented to the redefinition of some commercial agreements, together with the consolidation of the historical customer base (+3 million revenues) and the development of new collaborations, has allowed to enhance the market share both in the territory nationally and abroad. The financial structure remains sustainable in the short term and a progressive improvement is expected due to the expected increase in sales volumes and operating margins. For 2020, management estimates revenue growth of 10.8% on 2019 and a margin of around 12%.
These projections are believed to be reliable by Cerved Rating Agency, the European rating agency headed by the Cerved Group, by virtue of the advantages that may derive both from the new product launches scheduled for the first half of 2020 and from the new business opportunities currently being defined.