Pattern completes the closing for the disposal of the Turin plant’s Business Unit dedicated to its long-standing UK client Burberry

Pattern announces the completion, in execution of the agreement signed on 27 March 2023, of the disposal to Burberry Italy Srl of the Turin plant’s business unit dedicated to the engineering and production of Burberry products.

Following the excellent performance of the Group key economic indicators of first semester 2023, Pattern raises the resources to continue on its path of industrial growth with greater strength and to build the new Turin headquarters.

A strategy that also helps confirm Piedmont's role as a region of clothing excellence.

Pattern Group consolidated half-year report as at 30 June 2023

• Revenues: € 72.1 million (€ 49.1 million) + 46.8%
• EBITDA: € 7.6 million (€ 5.5 million) +38.9%; EBITDA Margin 10.6% (11.2%)
• EBIT: € 4.5 million (€ 3.8 million) + 18.7%