Virgilio Argiolu RC

Statutory Director of the Sofa Group Plc.; 25 entities, turnover € 140mln

Responsible for:

• Finance & Control, Business Intelligence, IT, Legal Affairs and Tax

Achievements:

• Restructuring and rebuilding a complete new team Finance & Control and BI (2020 - 2023), 8fte
• Successful refinancing € 25 mio from ABN Amro -> Rabobank (2020)
• Merger with Appo Group in 2020, integration of new activities with a turnover of € 40 mio
• Acquisition of Nationale Apotheek (online pharmacy) in 2020, turnover € 6 mio
• Closing of a branch of Nationale Apotheek in Mijdrecht and relocation to Gilze (2022)
• Several sales and acquisitions of multiple entities inclusive property (2021-2023)
• Startup of a a wholesale department and a Central Fill Pharmacy inclusive property (2021 - 2022)
• Governance change within the Sofa Group from a One-tier board-> Two-tier board
• Procedure with the Dutch Tax Authorities for an individual covenant
• Strategic change to online pharmacy
• Increase profitability
• Professionalization of Internal Control and implementation of PowerBi
• Build an excellent relationship with the most important stakeholders like the shareholders, the bank, the accountant, the tax authorities and the external fiscal and legal partners
  

• Established credit control policies to increase year-on-year cashflow.
• Formulated monthly variance reports for strategic budgeting and forecasting.
• Developed policies to uphold compliance with regulatory guidelines.
• Prepared audit schedules, collaborating with external auditing to verify compliance with all regulations.
• Created board presentations to clearly articulate financial strategy.
• Maximised year-end tax benefits by efficiently managing cash flows.
• Collaborated with team for annual capital and operating budgets, forecasts and financial reporting and analysis.
• Introduced internal controls to monitor critical areas of financial control and devised corrective actions addressing risks and deficiencies.

• Responsible for Large Corporates (ao Listed Companies)
• Strategic partner for CFO's and Group Controllers of Large Corporates and listed companies mainly in the ship-building industry and manufacturing industry
• Most important clients were Damen Shipyards, Royal IHC, Heerema, Heesen Yachts, Meyer Werft, BRF en Royal Kaak Group

• Responsible for Corporate Clients with a turnover from € 30mln - € 250 mln

• Responsible for corporate clients in distressed situations with a turnover from € 30 - € 250 mio