Results for the third quarter of 2017 examined by the Board of Directors
The Group has consolidated its positive results with an improvement in revenues and margins as at 30 September, thanks to the good performance of the main target markets and optimisation of the global industrial structure.
- Cumulative consolidated turnover as at 30 September amounted to 450.8 million euros, an increase of 3.4% compared to 30 September 2016 of 435.9 million euros with constant perimeter.
- Cumulative adjusted pro forma EBITDA as at 30 September amounted to 43 million euros (9,5% of turnover), significantly up by 6.6% compared to 40.3 million euros (9.2% of turnover) in the same period of 2016.
- Net financial position of operations as at 30 September 2017 was negative at 155 million euros, a significant improvement compared to 190.6 million euros as at 30 September 2016.
"In line with the previous quarters, the figures as at 30 September show good growth both in turnover and margins. – said Enrico Carraro, Group Chairman – These results are the consequence, on the one hand, of the improvement trend recorded in all our target markets and, on the other, of the process of optimisation of Carraro's industrial activities at the global level, with ever-increasing efficiency".