General Meeting of the Shareholders approves 2009 financial statements

Sales at 487.4 million euro, in contraction compared with 973.4 million euro as at 31 December 2008

  • EBITDA negative by 17.6 million euro, it was a positive 69.7 million euro at 31 December 2008; net of non-recurring extraordinary costs, this value would have been negative 1 million euro.
  • EBIT negative by 49.5 million euro, it was a positive 36.9 million euro at 31 December 2008; net of non-recurring extraordinary costs, this value would have been negative 32.9 million euro.
  • Net income negative by 45.9 million euro, it was a positive 11.3 million euro at 31 December 2008; net of non-recurring extraordinary costs this value would have been negative 33.8 million euro.
  • Net financial position at 31.12.2009 came to a debt of €241.1 million euro, in line respect to the value also in debt, of 240.5 million euro at 30 June 2009, but better than that of 30 September 2009 of 266.9 million euro due to a reduction of 28,7 million euro in working capital.
  • In order to ensure an adequate level of capitalization to face up to the current period, which is characterized both by uncertainties and by growth opportunities, the General Meeting resolved not to distribute dividends.
  • Treasury share purchase scheme renewed

Go to Press release 30.04.2010

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