SBE-Varvit Approves 2024 Financials and Dividend, Confirms KPMG as Auditor

SBE-Varvit S.p.A. Class A ( (IT:VARV) ) has shared an announcement.

SBE-Varvit S.p.A. held its General Shareholders’ Meeting, where it approved the financial statements for 2024, reporting a net profit of €24,642,358. The company announced a dividend distribution of €0.206 per share, with the remaining profit allocated to the extraordinary reserve. Additionally, KPMG S.p.A. was confirmed as the independent auditor for 2025-2027, with an annual fee of €120,000 plus VAT. These decisions reflect the company’s stable financial performance and commitment to shareholder returns, while ensuring continued oversight through a reputable auditing firm.

More about SBE-Varvit S.p.A. Class A

SBE-Varvit S.p.A. specializes in the production, distribution, and commercialization of fastening components such as screws, bolts, nuts, and highly engineered mechanical components. The company focuses on disintermediating the production and distribution process to minimize the role of distributors, serving over 5,000 customers across various industries including agricultural machinery, construction, and wind power. It operates multiple production units in Italy and Serbia and maintains automated warehouses in Italy, Serbia, and the United States.

YTD Price Performance: -11.38%

Average Trading Volume: 420

Technical Sentiment Signal: Strong Buy

Current Market Cap: €865.8M

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