- Turnover reached 624 million Euros, up 3% compared to the previous year.
- Slight decrease in EBITDA, but net of non-recurring components, it remained stable compared to last year (54 million Euros).
- Net profit of 12.2 million Euros.
- The distribution of a dividend equal to € 0.13 per share paid from 17 April 2019 was approved.
Campodarsego (Padua), 11 April 2019 – The Shareholders’ Meeting of Carraro SpA, global leader in transmission systems for off-highway vehicles and specialised tractors, today approved - under the chairmanship of Enrico Carraro - the Financial Statements 2018.
“The data recorded at the end of 2018 financial year show, for the second year running, a strong acceleration of the Group compared to what we had forecast in the Strategic Plan launched in September 2017. – writes Enrico Carraro, Chairman of the Group, in his Letter to Shareholders – Turnover thus continued to grow, reaching €624 million compared to €606 million in 2017 and margins remain at notable levels”.
“On the basis of the results achieved in 2017, supported by the good prospects for the following year, we accelerated our investments in Research and Development in 2018. It is precisely to accompany this acceleration that we have decided to invest heavily in the expansion of the Research Centre at Campodarsego: an area where the new prototyping lines will be located, which will also allow us to double the testing rooms, equipped with the latest technologies in order to evaluate all our products”, continues Enrico Carraro.