Draft financial statements for the year 2010 approved

Consolidated turnover of € 717.7 million, +47% compared with 2009 (it was € 487.4 million)

- Considerable improvement in margins, although they continue to be influenced by restructuring costs, by provisions related to implementation of the Three-Year Plan, as well as by the heavy tax burden, specifically:
- EBITDA of € 49.4 million, representing a strong rebound from € -17.6 in 2009 (net of extraordinary expenses, the result would have been € 50.4 million)
- EBIT of € 14.7 million, representing significant growth compared with € -49.5 million in 2009 (net of extraordinary expenses, the result would have been € 15.6 million)
- A strong recovery too for the net operating result which, although remaining negative at € -7.2 million (net of extraordinary expenses, the result would have been € -4.3 million), shows a significant improvement compared with € -45.9 million in 2009.
- Net financial position showing liabilities of € 271.5 million (€ 274.2 million as at 30 September 2010; € 279.3 million as at 30 June 2010)

Go to Press release 29.03.2011

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Consolidated turnover of over €717 million (+47% from 2009)

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Board of Directors approves 1Q2011 results

Turnover and profitability show strong growth. The Group is once again profitable.