The Shareholders’ Meeting approves the 2013 Financial Statements.

  • Consolidated turnover amounts to 871.9 million Euros, in line with 2012 (874.4 million), while volumes have increased by 2%, net of a negative exchange effect; the performance of business areas operating in the mechanical engineering segment (Carraro Drivetech, Minigears and Agritalia) is in line with expectations, reporting a turnover of 817.7 million Euros, and a considerable recovery for Elettronica Santerno (+49.8%) compared to 2012 when this area was affected by a significant downturn

  • EBITDA is equal to 61.5 million Euros (7.1% of turnover) up by 53.1% compared to 40.2 million Euros (4.6% of turnover) in 2012, increasing by 33.8% if compared with values from the previous year net of non-recurrent costs; EBITDA of business areas operating in the mechanical engineering sector has increased by 22.9% compared to 2012, from 53.7 million Euros (6.4% of turnover) to 66.1 million Euros (8.1% of turnover)

  • EBIT for 2013 is equal to 31.2 million Euros (3.6% of turnover), up compared to 6.3 million Euros (0.7% of turnover) in 2012, increasing by 124.4% if compared with values from the previous year net of non-recurrent costs; EBIT of business areas operating in the mechanical engineering sector has gone up by 64.1% from 24.6 million Euros (2.9% of turnover) to 40.3 million Euros (4.9% of turnover)

  • A consolidated net profit of 1.3 million Euros has been posted (0.1% of turnover) compared to the loss of 15.3 million Euros (-1.8% of turnover) in 2012; in particular, the growth in earnings before tax is considerable, from a loss of 11.5 million Euros to a profit of 12.7 million Euros

  • The Net financial position amounts to a negative value of 248.2 million Euros (an improvement compared to 258.2 million Euros as at 30/06/2013 and 268.5 million Euros as at 30.09. 2013)

In view of the results achieved by Carraro SpA, the Shareholders’ Meeting decided not to distribute any dividend.

Go to Press release 17.04.2014