[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-565085-105":3,"detail-sidebar-cat-1-en-105":74,"doc-detail-565085-en":120},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":67,"head_meta":69,"extra_data":71,"updated_unix":73},105,"en","fascicolo-31122023_eng_v2-financial-report-2023-letter-to-shareholders","Fascicolo-31.12.2023_ENG_v2 - Financial Report 2023 - Letter to Shareholders","","Financial Report 2023 contains a Letter to Shareholders summarizing PowersoŌ’s 2023 performance, strategic milestones, and forward-looking priorities. The letter highlights double-digit gains in volumes and margins across Fixed Installation and Live-Touring, strong growth in consolidated revenue to Euro 70.3 million, and rising EBITDA, net profit, equity, and net cash position at December 31, 2023. It also covers geographic expansion, major partnerships, technological achievements, leadership updates, and 2024 initiatives including R&D and the Human Audio Experience Center.",{"@graph":14,"@context":66},[15,34,49],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/letters/","Letters",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/fascicolo-31122023_eng_v2-financial-report-2023-letter-to-shareholders/565085/",4,{"url":32,"name":10,"@type":35,"author":36,"headline":10,"publisher":39,"fileFormat":42,"inLanguage":8,"description":12,"dateModified":43,"datePublished":43,"encodingFormat":42,"isAccessibleForFree":44,"interactionStatistic":45},"DigitalDocument",{"name":37,"@type":38},"Maya Linwood","Person",{"url":19,"name":40,"@type":41},"DocShare","Organization","application/pdf","2026-10-12",true,{"@type":46,"interactionType":47,"userInteractionCount":4},"InteractionCounter",{"@type":48},"ViewAction",{"@type":50,"mainEntity":51},"FAQPage",[52,58,62],{"name":53,"@type":54,"acceptedAnswer":55},"What were the key financial results for PowersoŌ in 2023?","Question",{"text":56,"@type":57},"Consolidated revenue reached Euro 70.3 million, up 44.2% versus 2022. EBITDA totaled Euro 19.7 million, up 59.7%, and net profit almost doubled to Euro 12.1 million.","Answer",{"name":59,"@type":54,"acceptedAnswer":60},"Which business areas drove growth in 2023?",{"text":61,"@type":57},"Volumes and margins increased by double digits in both Fixed Installation and Live-Touring sectors, reflecting the effectiveness of strategies focused on excellence and sustainability.",{"name":63,"@type":54,"acceptedAnswer":64},"How did PowersoŌ expand during 2023 and what partnerships were mentioned?",{"text":65,"@type":57},"The letter notes strengthening U.S. operations via Thomas Howie’s appointment and investment in Asia Pacific markets such as China and Japan. It also highlights partnerships with Bose Professional, Vega Global, and Cinemanext.","https://schema.org",{"og:url":32,"og:type":68,"og:title":10,"og:site_name":40,"og:description":12},"article",{"robots":70,"canonical":32},"index,follow",{"doc_id":72,"site_id":7},565085,1791846451,{"code":4,"msg":75,"data":76},"success",[77,82,87,92,97,102,107,111,116],{"id":78,"doc_module":22,"doc_module_name":25,"category_name":79,"show_sort_weight":80,"slug":81},11,"Presentations",90,"presentations",{"id":83,"doc_module":22,"doc_module_name":25,"category_name":84,"show_sort_weight":85,"slug":86},12,"Resumes",80,"resumes",{"id":88,"doc_module":22,"doc_module_name":25,"category_name":89,"show_sort_weight":90,"slug":91},14,"Invoices",70,"invoices",{"id":93,"doc_module":22,"doc_module_name":25,"category_name":94,"show_sort_weight":95,"slug":96},15,"Posters",60,"posters",{"id":98,"doc_module":22,"doc_module_name":25,"category_name":99,"show_sort_weight":100,"slug":101},16,"Social Media",50,"social-media",{"id":103,"doc_module":22,"doc_module_name":25,"category_name":104,"show_sort_weight":105,"slug":106},17,"Forms",40,"forms",{"id":108,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":109,"slug":110},18,30,"letters",{"id":112,"doc_module":22,"doc_module_name":25,"category_name":113,"show_sort_weight":114,"slug":115},21,"Paper Templates",5,"papers-templates",{"id":117,"doc_module":22,"doc_module_name":25,"category_name":118,"show_sort_weight":4,"slug":119},158,"General","general-158",{"code":4,"msg":75,"data":121},{"doc_id":72,"user_id":122,"nickname":37,"user_avatar":123,"doc_module":22,"category_id":108,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":124,"file_id":125,"file_url":126,"file_type":127,"file_size":128,"view_count":4,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":129,"language":130,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":131,"faqs":132,"seo_title":133,"seo_description":12,"update_tm":73,"read_time":134},962084928432,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","Financial Report 2023  \nLETTER TO SHAREHOLDERS  \nShareholders,  \nWe close 2023 with PowersoŌ celebraƟng its best results to date. It was a pivotal and challenging year, during which the Group achieved remarkable milestones and expanded the brand's presence into new geographies. Volumes and margins surged by double digits in both the Fixed InstallaƟon and Live-Touring sectors, underscoring the effecƟveness of our strategic decisions focused on excellence and sustainability.  \nPowersoŌ has proven its ability to exceed expectaƟons and pursue ambiƟous goals.  \nConsolidated revenue in 2023 amounted to Euro 70.3 million, up by 44.2% versus Euro 48.8 million in 2022, confirming the success of the development strategy implemented. The increase in sales was parƟcularly strong in the European and Asian markets, with increases of 71.8% and 71.5%, respecƟvely, versus 2022, across all business lines. EBITDA totaled Euro 19.7 million, increasing by 59.7% versus Euro 12.4 million in the prior year, accounƟng for 28.5% of sales revenue, up versus 2022. Net Profit almost doubled to reach Euro 12.1 million (versus a profit of Euro 6.3 million in 2022), accounƟng for 17.4% of sales. Thanks to strong cash generaƟon, the Group’s net financial posiƟon at December 31, 2023 stood at a posiƟve (net cash) Euro 17.8 million versus Euro 15.0 million at June 30, 2023, despite the payout of dividends (ordinary and extraordinary) totaling Euro 9.7 million in the year. Consolidated equity at December 31, 2023 stood at Euro 34.4 million versus Euro 31.1 million in the prior year.  \nDuring 2023, PowersoŌ conƟnued to strengthen its presence in key areas for its business, bolstering its U.S. operaƟons by appoinƟng Thomas Howie as Business Development Manager, and invesƟng in the Asia Pacific regions, such as China and Japan, aiming to increase and accelerate business penetraƟon in markets with higher growth potenƟal. We forged major partnerships with internaƟonal leaders such as Bose Professional, Vega Global, and Cinemanext, recognizing PowersoŌ for its audio performance, high reliability, and energy efficiency of its products. A special menƟon must also be made of the significant technological contribuƟonto Sphere in Las Vegas, the largest next-generaƟon entertainment arena, which uses our cuƫng-edge technology for immersive sound and hapƟc seaƟng.  \nThese achievements are a testament to the dedicated efforts of our teams located across the globe, of all our co-workers and our Management. They consistently lead the way, ensuring a resilient and efficient organizaƟon capable of navigaƟng the evolving market landscape.  \nWe conƟnue to look towards the future. 2024 has already kicked off with major agreements and projects, including a technology partnership with Ferrari. PowersoŌ will conƟnue invesƟng in R&D to meet market and customer needs, upholding our mission \"Driving Human Audio Experience\" . AddiƟonally, with the construcƟon of the PowersoŌ Human Audio Experience Center, our new innovaƟve facility focused on sustainability, the Group will benefit from a more efficient and streamlined space and structure. The centralized hub will bring together all business areas, equipped with state-of-the-art equipment to enhance departmental capabiliƟes, foster team synergy, and opƟmize operaƟonal costs.  \nWe proceed on our journey with confidence and enthusiasm, well aware of our value and uniqueness. We extend our hearƞelt thanks to all those who trust in us and contribute daily to the success of this great project.  \nFor the Board of Directors,  \nLuca Lastrucci  \nChief Executive Officer  \nCarlo Lastrucci  \nChairman of the Board of Directors  \nPOWERSOFT GROUP  \nConsolidated report on operations and Parent Company figures  \nTABLE OF CONTENTS  \n1. Foreword to the financial statements and consolidated financial statements at December 31, 2023 2  \n2. Company and Group overview .............................................................................................................. 2  ","cbCaibKQmJjBzWVN","https://ap.wps.com/l/cbCaibKQmJjBzWVN","pdf",3369434,140,"English","# Letter to Shareholders\n## Financial highlights and results for 2023\n## Strategy, partnerships, and technological achievements\n## 2024 outlook and Human Audio Experience Center\n## Table of contents\n## Foreword and financial statements at December 31, 2023\n## Company and Group overview\n## Highlights\n## Share performance\n## Macroeconomic context\n## Group and Company performance\n## Key performance indicators\n## Research & Development\n## Related party transactions\n## Treasury shares\n## Main risks and uncertainties\n## Significant events during the year\n## Significant events after year end","[{\"question\":\"What were the key financial results for PowersoŌ in 2023?\",\"answer\":\"Consolidated revenue reached Euro 70.3 million, up 44.2% versus 2022. EBITDA totaled Euro 19.7 million, up 59.7%, and net profit almost doubled to Euro 12.1 million.\"},{\"question\":\"Which business areas drove growth in 2023?\",\"answer\":\"Volumes and margins increased by double digits in both Fixed Installation and Live-Touring sectors, reflecting the effectiveness of strategies focused on excellence and sustainability.\"},{\"question\":\"How did PowersoŌ expand during 2023 and what partnerships were mentioned?\",\"answer\":\"The letter notes strengthening U.S. operations via Thomas Howie’s appointment and investment in Asia Pacific markets such as China and Japan. It also highlights partnerships with Bose Professional, Vega Global, and Cinemanext.\"}]","Fascicolo-31.12.2023_ENG_v2 - Financial Report 2023 - Letter to Shareholders | PDF",49]