The Board of directors approves the performance data for the 3rd Quarter 2009

The negative trend recorded in the first part of the year continues, as expected, during the third quarter due to the heavy downturn of the main reference markets

  • Consolidated turnover for the quarter stands at 100.8 mln € (232.9 mln € in the third quarter of 2008); during the first nine months the consolidated revenue was 356.4 mln € (744.3 mln € at 30.09.2008)
  • The Ebitda is negative by 4.6 mln € for the quarter (+18.2 mln € in the third quarter of 2008); during the first nine months the EBITDA was negative by 6.8 mln € (+60 mln € at 30.09.2009)
  • The Ebit is negative by 12,5 mln € for the quarter (10,1 mln € in the third quarter of 2008); during the first nine months the EBIT was negative by 30,5 mln € (35,6 mln € at 30.09.2008)
  • The net profits/losses are negative by 12.4 mln € (profits of 4.3 mln € in the third quarter of 2008); during the first nine months the net profits/losses were negative by 27 mln € (profits of 15 mln € at 30.09.2008)
  • The Net financial position is negative by 266.9 mln € (240.5 mln € at 30.06.009; 222 mln € at 30.09.08)

The actions designed to contain costs in proportion to the drop in revenue continue, alongside the major restructuring process concerning staff in both Italy and Germany.

September reports positive free cash flow consequent to the initiatives taken.

And conferment of Agritalia to Carraro SpA is approved.

Go to Press release 12.11.09

Attachments

Click on the file to download

‹ Previous article

Board of Directors approves results for the first half of 2009

The second quarter of the year confirms the exceptional contraction of demand in the Group’s main reference markets, in every geographical area, with serious repercussions on earnings and margins

Following article ›