Board of Directors approves 1H2011 results

A considerable increase in turnover and margins in comparison to the previous year

Significant recovery of volumes in all reference areas of the Group The Asian, Indian and Chinese markets confirm their solid development.

  • Consolidated turnover of € 450.4 million (+47.8% in comparison to € 304.7 million for 1H2010)
  • Positive EBITDA of € 32.6 million, which has decidedly improved (+129.8%) in comparison to € 14.2 million for 1H2010
  • Positive EBIT of € 16.5 million, which is a net reversal in comparison to the € ‐1.9 million for 1H2010
  • Net profits of € 4.9 million which confirms a turnaround in comparison to the €‐10.3 million loss for 1H2010
  • Net financial position showing liabilities of € 257.7 million (€ 271.5 million as at 31 December 2010; € 279.3 million as at 30 June 2010)

Go to Press Release 29.07.11


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General Meeting of the Shareholders approves 2010 financial

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

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The Board of Directors approves the results for the third quarter 2011

Increase of the turnover during the first nine months compared to the previous fiscal year, mainly thanks to the growth of the traditional reference markets, agriculture and construction equipment.