The Board of Directors approves the results of the third quarter of 2013

Turnover increases (+4.1%) and profitability improves significantly (profit of 177 thousand euros)

Worthy of note are the positive effects of actions aimed at improvement of industrial processes and continuation of the Partnership project with the main suppliers.

  • Consolidated turnover for the third quarter up by 4.1% to € 217 million, compared to the 3rd quarter of 2012 (€ 208.5 million); in YTD terms turnover reaches € 666.2 million, a slight decrease compared to the € 682.8 million as of 30 September 2012
  • Consolidated EBITDA for the third quarter up by 13%, amounting to € 15.3 million (7.1 % of turnover) compared to € 13.6 million for the third quarter of 2012 (6.5% of turnover). In YTD terms EBITDA amounted to € 45.9 million (6.9% of turnover), +20.8% compared to the € 38 million as of 30/09/2012 (5.6% of turnover)
  • Consolidated EBIT for the third quarter up by 40.4%, amounting to € 7.8 million (3.6 % of turnover) compared to the same period of 2012 (equal to € 5.6 million, 2.7% of turnover). In YTD terms EBIT amounted to € 23.2 million (3.5% of turnover), +63% compared to the € 14.2 million as of 30/09/2012 (2.1% of turnover)
  • Consolidated net profit of 177 thousand euros (0.1% of turnover) with significant improvement over the loss of 1 million euros in the third quarter of 2012 (-0.5% on turnover). YTD net profit of 329 thousand euros (0.1% of turnover), compared to a loss of 6.6 million euros as of 30/09/2012 (-1% of turnover). Significant improvement in profit before tax amounting to 8.9 million euros (1.3% of turnover) compared to 1.1 million euros (0.2% of turnover) in the same period of 2012
  • Net financial position - influenced as expected by the seasonality of net working capital - recorded a debt of € 268.5 million; as of 30 June 2013, it amounted to € 250.2 million, as of 30 September 2012 € 304.6 million.

The order portfolio in all business areas confirms for the fourth quarter a trend in line with that of the third in terms of both turnover and profitability.

Go to Press release 29.10.2013

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