The General Assembly of Shareholders has approved the 2014 Financial Statements

2015 started with a positive order book: turnover expected to surpass Eur 310 million by May (+9% compared to 2014)

The General Assembly of Shareholders has approved the 2014 Financial Statements.

  • Consolidated turnover of Eur 727.8 million, at -16.5% compared to 2013 (Eur 871.9 million).
  • Consolidated EBITDA as of 31 December 2014 at Eur 38.8 million (5.3% of sales), down 37% compared to Eur 61.5 million (7.1% of sales) in 2013; Consolidated EBIT as of 31 December 2014 amounted to Eur 12.1 million (1.7% of sales), compared to Eur 31.2 million (3.6% of sales) in 2013.
  • The net result was a loss of Eur 7.9 million (-1.1 % of sales), compared to a profit of Eur 1.3 million (0.2 % of sales) in 2013.
  • The net financial position showed a debt of ur 224.3 million, an improvement over the Eur 263.7 million at 30 June 2014 and Eur 248.2 million at 31 December 2013. 2015 started with a positive order book: turnover expected to surpass Eur 310 million by May (+9% compared to 2014).

The members of the Board of Directors and the Board of Statutory Auditors were reconfirmed and Enrico Carraro was confirmed as Chairman.

Go to Press release 23.03.2015