Bomi Italia S.p.A. PRESS RELEASE. A) Approval of the six month interim results to 30 June B) Group corporate restructuring project
|
|
- Bethany Greer
- 6 years ago
- Views:
Transcription
1 Bomi Italia S.p.A. PRESS RELEASE A) Approval of the six month interim results to 30 June 2017 B) Group corporate restructuring project A) Approval of the six month interim results to 30 June 2017 Consolidated Value of Production was Euro 58,639,564 compared to Euro 46,735,978 at 30 June 2016 Consolidated Gross Operating Margin (EBITDA) was positive for Euro 5,633,863, net of non-recurring and extraordinary items, compared to Euro 3,789,002 at 30 June Consolidated Net Profit of Euro 1,563,264, of which Net Profit attributable to Bomi Group is Euro 965,888, compared to Euro 663,952 at 30 June 2016 of which Net Profit attributable to Bomi Group was Euro 272,732. Consolidated Net Financial Position shows net debt of Euro 17,800,071 Consolidated Net Equity of Euro 19,332,297 Vaprio d Adda, 29 September 2017 Bomi Italia S.p.A. ( Bomi or the Company or the Issuer ), Parent Company of the Bomi Group, a world leader in the biomedical logistics sector and in the management of high technology healthcare products which is listed on the multilateral trading platform of AIM Italia / Alternative Capital Market states that the Board of Directors has today approved the consolidated six month results, prepared in accordance with international accounting principles (IAS/IFRS), for the period to 30 June Giorgio Ruini, the President of the Board of Directors stated: In the first half of 2017 the Bomi Group achieved significant growth in revenues, profitability and net profit due to the dedicated commitment and the challenges undertaken by the entire group to integrate the recent acquisitions of the past two years. We believe, therefore, that we have pursued the right course but there is much that we can still do to steer the group towards significant growth. Main economic data of the Group:
2 / /06/ /06/ vs'16 Value of production ,0% ,0% 25,5% Services costs and others (38.528) -65,7% (31.469) -67,3% 22,4% Personnel Costs (13.100) -22,3% (10.370) -22,2% 26,3% Other operating charges (1.378) -2,4% (1.108) -2,4% 24,4% Gross operating profit (EBITDA) ,6% ,1% 48,7% Amortization, depreciation and writedowns (2.098) -3,6% (1.499) -3,2% 40,0% Extraordinary Income (costs) (478) -0,8% (625) -1,3% -23,5% Net operating profit (EBIT) ,2% ,6% 83,6% Financial Income (costs) (604) -1,0% (623) -1,3% -3,1% Net profit before tax ,2% ,2% 135,3% Taxes (890) -1,5% (379) -0,8% 135,1% Net result ,7% 664 1,4% 135,4% Net result attributable to non-controlling interests 597 1,0% 391 0,8% 52,7% Net result attributable to the Group 966 1,6% 273 0,6% 254,2% Consolidated revenues rose by 25.5% compared with the same period of the previous year. 12% of the increase is attributable to internally generated growth, 8% is due to the positive effect of exchange rates (primarily Euro/Brazilian real) while the remaining 5% is attributable to the inclusion in the consolidation area of the newly acquired companies principally the subsidiary Bomi Logistic Jiangsu, the Chinese company acquired in the second half of The following table shows a breakdown of sales by geographical area, which confirms the trend towards a balancing of the proportion of revenues generated in Euro and those generated in foreign currencies, a trend that should allow the Group to limit the effect of volatility and macroeconomic fluctuations on its results: /000 30/06/2017 % sul tot 30/06/2016 % sul tot 17 vs'16 Italy ,0% ,2% 7,4% Rest of Europe ,0% ,5% -0,8% Brazil ,5% ,4% 36,2% Rest of Latam ,3% ,8% 17,3% Turkey ,6% 378 0,8% 618,0% China ,1% - 0,0% 100,0% Other 301 0,5% 593 1,3% -49,2% Total ,0% ,0% 25,5% The Brazilian company recorded a 14% increase in operating revenues in local currency, which was positively influenced by exchange rate trends on conversion into Euro. European revenues rose by 6.6% compared with the same period of The Turkish subsidiary reported strong growth in revenues. The Consolidated Gross Operating Profit, stated before depreciation, provisions and excluding extraordinary and non-recurring costs, rose by 48.7% in the period to 30 June 2017 compared to the same period of Non-recurring and extraordinary costs amounting to about Euro 47,000 relate to one-off expenses incurred for the transfer of operating headquarters in Italy, a further Euro 287,000 relate to personnel reduction incentives primarily in the Brazilian subsidiary and about Euro 179,000 refer to various other contingent liabilities.
3 There was a clear improvement in the Consolidated Operating Profit compared to the same period of 2016 due to the dedicated commitment made by the entire Group to optimise costs and consolidate the companies acquired between 2015 and 2016 with the objective of achieving the expected synergies in order to improve profitability. The most significant contributor to improved profitability in the first semester of 2017 came from the parent company and its Italian subsidiaries due to initiatives to improve the efficiency of its fleet, from the Brazilian subsidiary which continues on its growth path both in terms of revenues and profitability, and from the newly acquired subsidiary in China. Overall, the entire Group is continuing to focus on cost rationalisation and margin improvement, which is also generating positive results in those Group companies previously in start-up phase such as the subsidiaries in Colombia, Chile, Peru and Turkey, which are expected to make an increasing positive contribution. Net Profit rose by 135% and the Net Profit attributable to the Group rose by 254% compared to the first half of This significant increase is attributable in particular to the improvement in several group companies and to a consequent improvement in the balancing of corporate development and support costs of existing shareholdings, between the parent company and the subsidiary companies. The following chart illustrates the composition of the Net Financial Position (NFP) at 30 June 2017: The change in the Net Financial Position (NFP) at 30 June 2017 should also be noited:
4 The change in the NFP is largely due to investments made in the first half of 2017 including: Euro 3.47 million, regarding operational investments to set up and support operational headquarters, primarily relating to air-conditioning plant, storage racking/shelving, vehicles and investments in Information Tecnology; Euro 1.84 million for non-operational investments such as the entry into the Mexican market and the purchase of the minority interests in G.Carrai & C. S.r.l., Biocarrier Colombia SAS, Ritmo Holding BV, which at the level of the consolidated financial statements for the first half of 2017 generated a negative difference in equity, since in accordance with IFRS 3 - the goodwill generated by the acquisition of a minority interest must be recognised as a reduction in equity. Major events prior to 30 June 2017 It should be noted that on 15 March 2017 the Bomi Group made a direct entry into the Mexican market through the formation of a newco, called Handling Healthcare SA de CV (Bomi Mexico), arising from the implementation of a Joint Venture agreement with a local partner and, subsequently, on 25 May 2017, the Group, through its subsidiary Bomi Mexico, signed a binding agreement for the acquisition of 100% of the share capital of Espadist S.A. de C.V, a Mexican company operating in the Healthcare logistics sector, for a consideration of about Euro 700,000. Espadist has 20 years of experience in biomedical logistics, both in warehouse management and in transport and benefits from a multinational client list in the sectors of medical devices, in vitro diagnostics and pharmaceuticals. Neither of the newly acquired Mexican subsidiaries were included in the consolidation area at 30 June 2017 as they were not material additions at that date. Major events after 30 June 2017 It should be noted that on 30 July 2017 the Bomi Group announced that it had signed a binding agreement to acquire the minority shareholding, equal to 45% of the share capital of its Brazilian subsidiary Biomedical Distribution Mercosur Ltda, which is expected to be completed by 31 January It should therefore be reported that the results for the period to 30 June 2017 do not include any effects of synergies arising from that transaction. BDO S.p.A., in its capacity as legally appointed independent auditor, has expressed its positive opinion on the abbreviated consolidated interim accounts to 30 June 2017.
5 The Consolidated Interim Financial Statements to 30 June 2017 will be available in the Investor Relations, Financial Documents section of the website in accordance with the terms and conditions established by the AIM Italia Issuers Regulations. B) Group corporate restructuring project The Board of Directors of Bomi has today also approved a comprehensive project to reorganise the Group structure, which will be implemented through the merger by incorporation in G. Carrai & C. S.r.l. ( Carrai ) of the companies Chasqui S.r.l. ( Chasqui ), Berga S.r.l. ( Berga ) and Logik Trans S.r.l. ( Logik Trans ), all of which companies are directly or indirectly controlled by the Issuer. The administrative bodies (i) of the incorporating entity Carrai, over which the Issuer directly has full control, as well as (ii) of the the company to be incorporated, Logik Trans, also fully controlled by the Issuer, (iii) of the the company to be incorporated, Chasqui, fully controlled by the Issuer through Bodi S.r.l. and (iv) of the the company to be incorporated, Berga, 80% of whose share capital is controlled by the Issuer (without prejudice to the exercise of the option to acquire the outstanding capital by the date stipulated in the merger contract), will, in the short term, meet to approve the merger proposal in accordance with article 2501-ter of the Italian Civil Code. The aforementioned merger transaction which is categorized as a so-called simplified merger (pursuant to and in accordance with article 2505 of the Italian Civil Code) forms part of the wider corporate reorganisation project of the Group, with the aim of simplifying its structure and consequently reducing costs, and in so doing to optimise the value of the operating, administrative and management synergies of the various entities operating in similar, related activities. The incorporating entity, Carrai carries out activities of logistics, warehouse and transport management (particularly with regard to the markets for medical and pharmaceutical equipment and home care delivery), while the companies to be incorporated; Chasqui, Berga and Logik Trans are active in the sectors of warehouse management and biomedical product transportation, covering in particular domestic delivery, controlled temperature delivery and hazardous materials transportation. The proposed operation, therefore, is put forward as a natural evolution of the Group s rationalisation strategy with the aim of improving productivity, efficiency and profitability through the reunification, under the incorporating entity, of the activities performed by the incorporated companies, in expectation of the operational homogeneity of the said entities, leading to consequently greater efficiencies and synergies in operational, commercial and productive processes. Given that the equity interests in the companies involved in the merger as well as the more general characteristics of the transaction that do not change the capital or economic profile of the Group, it is reasonably expected that the operation may completed by the end of the current financial year. Bomi Italia S.p.A. is the Parent Company of Bomi Group, a world leader in the biomedical logistics sector and in the management of high technology healthcare products. It was one of the first companies to receive the Elite certificate issued by Borsa Italiana.
6 Bomi Group s activities are concentrated in the integrated logistics sector and offer a wide range of logistics services in outsourcing to companies operating in the healthcare sector, managing distribution of medical equipment, pharmaceuticals, in-vitro diagnostic equipment, reagents and implant products. Bomi Group s portfolio of about 100 clients includes some of the world s top healthcare companies (such as the leading pharmaceutical companies and producers of healthcare devices) as well as small and medium sized companies operating at a global level in the biomedical, diagnostics and biotech industries. Bomi Group currently has about 1,080 employees and operates through subsidiary companies and significant investments in Europe, South America, China and the United States and its services are also provided, through strategic alliances with local partners. ISIN Ordinary Share Code: IT Ordinary Share Ticker: BOMI ISIN Convertible Bond Code: IT Convertible Bond Ticker: BOMI20 For further information. Bomi Italia S.p.A. Intesa Sanpaolo S.p.A. Investor Relator Nominated Adviser tel: tel: : e.mail: investorrelator@bomigroup.com e.mail: stefano.taioli@popvi.it
7 ALLEGATI Consolidation Financial Statement Bomi Group Reclassified Income Statement 30/06/ /06/ vs'16 Value of production ,5% Services costs and others ( ) ( ) 22,4% Personnel Costs ( ) ( ) 26,3% Other operating charges ( ) ( ) 24,4% Gross operating profit (EBITDA) ,7% Amortization, depreciation and writedowns ( ) ( ) 40,0% Extraordinary Income (costs) ( ) ( ) -23,5% Net operating profit (EBIT) ,6% Financial Income (costs) ( ) ( ) -3,1% Net profit before tax ,3% Taxes ( ) ( ) 135,1% Net result ,4% Net result attributable to non-controlling interests ,7% Net result attributable to the Group ,2%
8 Consolidation Financial Statement Bomi Group Reclassified Balance Sheet 30/06/ /12/2016 Change Net Intangible Assests ( ) Net Tangible Assests Long-term investments Other receivables falling due after one year Total Intangibles, Tangible assets and Long-term investments Inventories (28.512) Trade accounts receivable Other receivables Accrued income and prepaid axpenses Total Short-Term assets Accounts payable to suppliers: Payments received on account - Taxes payable and social security contributions ( ) Other liabilities Accrued expenses and deferred income ( ) Total short term liabilities Net Working Capital Reserve for employee termination indemnity Taxes payable and social security contributions falling due after one year Other liabilities falling due after one year Total long term liabilities Invested Capital Shareholders' Equity ( ) ( ) ( ) Net Financial Position falling due after one year ( ) ( ) ( ) Net Financial Position falling due within one year Equity and Net Financial Position ( ) ( ) ( )
RESEARCH UPDATE. Ready for the American Dream? Fair Value: 4.55 (Prev. 4.50)
140 120 100 80 60 40 20 0-20 February 2, 2018 RESEARCH UPDATE Fair Value: 4.55 (Prev. 4.50) Kevin TEMPESTINI +39.02.83424007 ktempestini@ktepartners.com Giancarlo DI VONA +39.02.83424008 gdivona@ktepartners.com
More informationTable 1: BOMI Italia S.p.A. FY17 Results. thousand
70 60 50 40 30 20 10 April 16, 2018 0-10 -20 RESEARCH UPDATE Fair Value: 4.76 (Prev. 4.54) Kevin TEMPESTINI +39.02.83424007 Giancarlo DI VONA +39.02.83424008 Mauro IACCINO +39.02.83424008 miaccino@ktepartners.com
More informationRESEARCH UPDATE. Driving Faster. Fair Value: 4.50 (Prev. 3.87)
December 22, 2017 140 120 100 RESEARCH UPDATE Fair Value: 4.50 (Prev. 3.87) Kevin TEMPESTINI +39.02.83424007 ktempestini@ktepartners.com Giancarlo DI VONA +39.02.83424008 gdivona@ktepartners.com Mauro
More informationESTIMATES REVISION. Fair Value: 3.87 (Prev. 3.31) From Brazilian Integration to MTA Migration! Healthcare Goods and Services
August 2, 2017 ESTIMATES REVISION Fair Value: 3.87 (Prev. 3.31) Kevin TEMPESTINI +39.02.83424007 ktempestini@ktepartners.com Giancarlo DI VONA +39.02.83424008 gdivona@ktepartners.com Fabio COZZI +39.02.83424008
More informationPRESS RELEASE. The Board of Directors approves the Consolidated Interim Financial Report for the first half of 2016.
PRESS RELEASE B&C Speakers S.p.A. The Board of Directors approves the Consolidated Interim Financial Report for the first half of 2016. Consolidated revenues of Euro 18.67 million (+0.9% compared with
More informationPRESS RELEASE. The Board of Directors approves the Consolidated Interim Financial Report for the first half of 2017.
PRESS RELEASE B&C Speakers S.p.A. The Board of Directors approves the Consolidated Interim Financial Report for the first half of 2017. Consolidated revenues of Euro 20.12 million (+7.7% compared with
More informationINTERIM FINANCIAL REPORT AS AT MARCH 31, 2018
INTERIM FINANCIAL REPORT AS AT MARCH 31, 2018 (Translation into English of the original Italian version) JOINT-STOCK COMPANY - SHARE CAPITAL EURO 62,461,355.84 MANTOVA COMPANY REGISTER AND TAX CODE 00607460201
More informationPRESS RELEASE TBS Group: the Board of Directors approves the 2011 draft financial statements
PRESS RELEASE TBS Group: the Board of Directors approves the 2011 draft financial statements Consolidated revenues of 197.5 million euros; up 6.8 million euros compared to 2010 (+3.6%); EBITDA of 19.6
More informationB&C SPEAKERS GROUP. INTERIM REPORT at September,
B&C SPEAKERS GROUP INTERIM REPORT at September, 30 2016 The Board of Directors November, 11 2016 CONTENTS 1 THE COMPANY B&C SPEAKERS S.P.A. CORPORATE BODIES... 3 2 INTRODUCTION... 4 3 THE MAIN ASPECTS
More informationINTERIM FINANCIAL REPORT AS AT SEPTEMBER 30, 2013 (Translation into English of the original Italian version)
INTERIM FINANCIAL REPORT AS AT SEPTEMBER 30, 2013 (Translation into English of the original Italian version) JOINTSTOCK COMPANY SHARE CAPITAL EURO 60,924,391.84 MANTOVA COMPANY REGISTER AND TAX CODE 00607460201
More information3. ANALYSIS BY SEGMENT
3. ANALYSIS BY SEGMENT SOLUTIONS & Book-to-bill & 1,894 +9% 2,070 1.22x +5% 1.29x 1,811 +4% 1,881 1.05x +5% 1.10x have grown 4% versus the previous year, showing a strong growth in Transport & Traffic,
More informationScaroni: Enel, we will focus on energy
ENEL BOARD APPROVES GUIDELINES FOR NEW INDUSTRIAL PLAN AND RESULTS FOR THE FIRST HALF OF 2002 Scaroni: Enel, we will focus on energy Greater operational efficiencies, focus on customer service, electricity
More informationConsolidated Statement of Profit or Loss (in million Euro)
Consolidated Statement of Profit or Loss (in million Euro) Q1 2016 Q1 2017 % change Revenue 603 588-2.5% Cost of sales (408) (396) -2.9% Gross profit 195 192-1.5% Selling expenses (84) (86) 2.4% Research
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 6-K. LUXOTTICA GROUP S.p.A.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the quarter
More informationConsolidated Statement of Profit or Loss (in million Euro)
Consolidated Statement of Profit or Loss (in million Euro) Q3 2015 Q3 2016 % change 9m 2015 9m 2016 % change Revenue 661 625-5.4% 1,974 1,873-5.1% Cost of sales (453) (415) -8.4% (1,340) (1,239) -7.5%
More informationPRESS RELEASE SIT: REVENUES AND EBIT GREW IN FIRST HALF 2017
PRESS RELEASE SIT: REVENUES AND EBIT GREW IN FIRST HALF 2017 Revenues up 10.7% in H1 to Euro 149.1 million (Euro 134.7 million in H1 2016). EBITDA up 2.9 % to Euro 21.6 million (Euro 21.0 million in H1
More informationPress Release SALUGGIA, MARCH 8, 2013
SALUGGIA, MARCH 8, 2013 Press Release THE BOARD OF DIRECTORS OF DIASORIN S.P.A. APPROVES THE FULL YEAR 2012 RESULTS AND THE COMPANY S DRAFT STATUTORY FINANCIAL STATEMENTS AT DECEMBER 31, 2012 At today
More informationStefano Spaggiari, Chief Executive Officer of Expert System, commented:
EXPERT SYSTEM: The Board of Directors approves the Half-Yearly Financial Report as at 30 June 2018. Revenues posted strong growth of +52% and margins showed considerable improvement. Sales revenues totalled
More informationEarnings after taxes, as at June , totalled 4 million Euro, an increase of 54.7% compared to the 2.6 million achieved at June
PRESS RELEASE BOLZONI S.p.A.: the Board of Directors approves the results of the Half Yearly Report for the period which ended June 30th 2007; excellent results with rising profits and revenue. A Consolidated
More informationINTERIM FINANCIAL REPORT AS AT SEPTEMBER 30, 2017 (Translation into English of the original Italian version)
INTERIM FINANCIAL REPORT AS AT SEPTEMBER 30, 2017 (Translation into English of the original Italian version) JOINT-STOCK COMPANY - SHARE CAPITAL EURO 62.393.755,84 MANTOVA COMPANY REGISTER AND TAX NO.
More informationPRESS RELEASE FILA: DOUBLE DIGIT GROWTH FOR 2016 ALONGSIDE FOCUS ON EXECUTION OF GROUP INTEGRATION
PRESS RELEASE FILA: DOUBLE DIGIT GROWTH FOR 2016 ALONGSIDE FOCUS ON EXECUTION OF GROUP INTEGRATION Core Business Revenue of Euro 422.6 million in 2016 +53.5% compared to 2015 (Euro 275.3 million); Revenues
More informationGroup net profit increased of 52.6% in the first quarter of 2017
The Board of Directors of Nice S.p.A. approves the Interim Financial Report as at 31 March 2017 Group net profit increased of 52.6% in the first quarter of 2017 Consolidated revenues at Euro 75.4 million
More informationRECORDATI SHAREHOLDERS APPROVE THE 2017 ACCOUNTS. DIVIDEND 0.85 PER SHARE (+21.4% vs 2016).
RECORDATI SHAREHOLDERS APPROVE THE 2017 ACCOUNTS. DIVIDEND 0.85 PER SHARE (+21.4% vs 2016). Shareholders approve the 2017 results: consolidated revenues 1,288.1 million (+11.6% vs 2016), operating income
More informationPRESS RELEASE. B&C Speakers S.p.A.
PRESS RELEASE B&C Speakers S.p.A. The Board of Directors approves the draft financial statements for the year 2016 Sales growth for the Group and extraordinary dividend Consolidated revenues equal to Euro
More informationInterim Financial Report as at 30 June 2018
Interim Financial Report as at 30 June 2018 Interim Report as at 30 June 2018 TRANSLATION FROM THE ORIGINAL ITALIAN TEXT INDEX PREFACE... 4 INTERIM MANAGEMENT REPORT AS AT 30 JUNE 2018... 5 CHANGES TO
More informationINTERIM REPORT FOR THE THREE MONTHS ENDED 31 MARCH 2018
INTERIM REPORT FOR THE THREE MONTHS ENDED 31 MARCH 2018 Registered office in Via della Valle dei Fontanili 29/37 00168 Rome, Italy Share capital: 1,084,200.00 fully paid-in Rome Companies Register, Tax
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 6-K. LUXOTTICA GROUP S.p.A.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the quarter
More informationConsolidated Group results
PRESS RELEASE Stezzano, 19 March 2009 For immediate release Brembo Board of Directors approves the 2008 Draft Annual Report: Revenues +16.3% EBITDA +2.9% Net profit 38.3% Dividend proposal of 0.225 per
More informationPRESS RELEASE TBS Group: the Board of Directors approves the interim financial report as of 30 September 2015
PRESS RELEASE TBS Group: the Board of Directors approves the interim financial report as of 30 September 2015 Consolidated revenue of 171.8 million euro, up 3.6 million compared to 30 September 2014 (+2.1%)
More informationPRESS RELEASE APPROVAL OF THE DRAFT OF THE STATUTORY AND CONSOLIDATED FINANCIAL STATEMENTS AT 30 APRIL 2016
PRESS RELEASE APPROVAL OF THE DRAFT OF THE STATUTORY AND CONSOLIDATED FINANCIAL STATEMENTS AT 30 APRIL 2016 The Board of Directors of Sesa S.p.A. met today and approved the draft of the statutory and consolidated
More informationPRESS RELEASE APPROVAL OF DRAFT FINANCIAL STATEMENTS AND CONSOLIDATED FINANCIAL STATEMENTS AT 30 APRIL 2015
PRESS RELEASE APPROVAL OF DRAFT FINANCIAL STATEMENTS AND CONSOLIDATED FINANCIAL STATEMENTS AT 30 APRIL 2015 The Board of Directors of Sesa S.p.A. has approved the Draft Financial Statements and Consolidated
More informationThird quarter The Diagnostic Specialist
iagnostic Specia Third quarter 2007 The Diagnostic Specialist DIASORIN GROUP QUARTERLY REPORT AT SEPTEMBER 30, 2007 DiaSorin S.p.A. Via Crescentino - 13040 Saluggia (VC) - Tax I.D. and Vercelli Company
More informationCARRARO GROUP: Draft financial statements for the year 2009 approved.
CARRARO GROUP: Draft financial statements for the year 2009 approved. A year strongly influenced by the heavy contraction of all main reference markets closes, with evident impacts in terms of both sales
More informationInterim Financial Report as of September 30, 2018
Interim Financial Report as of September 30, 2018 Board of Directors Meeting, November 5, 2018 INDEX CHAPTER 1. PRIMA INDUSTRIE SPA MANAGEMENT AND CONTROL 4 CHAPTER 2. PRIMA INDUSTRIE GROUP STRUCTURE 6
More informationSAES Group Interim Management Report - 1 st Quarter SAES GETTERS S.p.A.
SAES GETTERS S.p.A. Capital Stock Euro 12,220,000 fully paid-in Address of Principal Executive Offices: Viale Italia, 77 20020 Lainate (Milan), Italy Registered with the Milan Court Companies Register
More informationSalvatore Ferragamo S.p.A.
PRESS RELEASE Salvatore Ferragamo S.p.A. The Board of Directors Approves the Consolidated Financial Statement as of 30 June 2017 Salvatore Ferragamo Group First Half Revenue +1.1%, Gross Operating Profit
More informationFIERA MILANO: THE BOARD OF DIRECTORS APPROVES THE 2017 RESULTS
FIERA MILANO: THE BOARD OF DIRECTORS APPROVES THE 2017 RESULTS Strong growth in all financial figures and a return to net profit Revenues of Euro 271.3 million, an increase of 23% compared to the figure
More informationPress Release MILAN, MAY 12, 2015 THE BOARD OF DIRECTORS OF DIASORIN S.P.A. APPROVES THE RESULTS FOR THE FIRST QUARTER OF 2015: INCREASE
Press Release MILAN, MAY 12, 2015 THE BOARD OF DIRECTORS OF DIASORIN S.P.A. APPROVES THE RESULTS FOR THE FIRST QUARTER OF 2015: INCREASE IN REVENUES AND NET RESULT, WITH SOLID NET FINANCIAL POSITION AND
More informationInterim Financial Report as at 31 March 2018
Interim Financial Report as at 31 March 2018 Interim Report as at 31 March 2018 TRANSLATION FROM THE ORIGINAL ITALIAN TEXT INDEX PREFACE... 4 INTERIM MANAGEMENT REPORT AS AT 31 MARCH 2018... 5 CHANGES
More informationEARNINGS RELEASE. Strong performance against a weak Brazilian Real. Target Price: 3.66 (Prev. 3.26)
April 26, 2016 EARNINGS RELEASE Target Price: 3.66 (Prev. 3.26) Kevin TEMPESTINI +39.02.83424007 Ktempestini@ktepartners.com Giancarlo DI VONA +39.02.83424008 gdivona@ktepartners.com Fabio COZZI +39.02.83424008
More informationHalf-Year Report 2017
Half-Year Report Think Asia. Think DKSH. Contents Key figures 3 Interim consolidated financial statements Interim consolidated income statement 4 Interim consolidated statement of comprehensive income
More informationREVENUES GREW SHARPLY TO 1,255 MILLION (+16.7%), NET PROFIT TOTALLED 43 MILLION (+33.1%).
Stezzano, 2 March 2012 REVENUES GREW SHARPLY TO 1,255 MILLION (+16.7%), NET PROFIT TOTALLED 43 MILLION (+33.1%). Compared to the 2010 results: Revenues grew (+16.7% to 1,255 million), thanks to the positive
More informationSalvatore Ferragamo S.p.A.
PRESS RELEASE Salvatore Ferragamo S.p.A. The Board of Directors approvesthe Consolidated Interim Report as of 31 March 2018 Salvatore Ferragamo Group Three Months Revenue -1.7%, Gross Operating Profit
More informationPRESS RELEASE THE BOARD OF DIRECTORS APPROVES THE RESULTS AS OF JUNE 30, 2018
PRESS RELEASE THE BOARD OF DIRECTORS APPROVES THE RESULTS AS OF JUNE 30, 2018 20% EBITDA GROWTH IN THE FIRST HALF OF 2018 (EURO 43.6 MILLION) VS FIRST HALF OF 2017, LAST TWELVE MONTHS (LTM) EBITDA AT EURO
More informationInterim Financial Report as at 30 September 2017
Interim Financial Report as at 30 September 2017 Interim Report as at 30 September 2017 TRANSLATION FROM THE ORIGINAL ITALIAN TEXT INDEX PREFACE... 4 INTERIM MANAGEMENT REPORT AS AT 30 SEPTEMBER 2017...
More informationPRESS RELEASE ACOTEL GROUP: interim report for three months ended 30 September 2013.
PRESS RELEASE ACOTEL GROUP: interim report for three months ended 30 September 2013. Consolidated results for 9M 2013: Revenue 90.1 million ( 72.9 million in 9M 2012) Negative EBITDA 2 million (positive
More informationPRESS RELEASE AGREEMENT SIGNED FOR FULL ACQUISITION OF US GROUP PACON AN EDUCATION AND ART & CRAFTS MARKET LEADER * * *
PRESS RELEASE FILA Q1 2018: IMPROVED MARGIN DESPITE NEGATIVE CURRENCY EFFECT ON SALES AND IMPACT OF DELAYED SEASONALITY FOR SCHOOLS' DIVISION IN COMPARISON WITH SAME PERIOD OF THE PREVIOUS YEAR AGREEMENT
More informationBekaert delivers vigorous growth, record results and continuing strong dividend
Press release regulated information 13 March, 2009 Press Katelijn Bohez T +32 56 23 05 71 Investor Relations Jacques Anckaert T +32 56 23 05 72 Annual results 2008 Bekaert delivers Highlights 1 Bekaert
More informationThe Semiannual Report at June 30, 2006 is Approved
PRESS RELEASE The Semiannual Report at June 30, 2006 is Approved Sales continue on an uptrend: consolidated revenues rise to 1,967.2 million euros (+6.5%) Consolidated EBITDA grow to about 160 million
More informationRESULTS AT 31 MARCH 2018
RESULTS AT 31 MARCH 2018 Disclaimer This Interim Reporting at 31 March 2018 has been translated into English solely for the convenience of the international reader. In the event of conflict or inconsistency
More informationPRESS RELEASE THE BOARD OF DIRECTORS APPOVES THE RESULTS AS OF 31 DECEMBER 2017
PRESS RELEASE THE BOARD OF DIRECTORS APPOVES THE RESULTS AS OF 31 DECEMBER 2017 EBITDA EURO 82.1 MILLION, GROWING +17% VS 2016 (+9% VS PRO FORMA) AND NET FINANCIAL DEBT/EBITDA IMPROVING TO 1.9x VS 2.3x
More informationCONSOLIDATED INCOME STATEMENT (in thousands of Euro)
CONSOLIDATED INCOME STATEMENT (in thousands of Euro) Note 2011 2010 Amount % Amount % Sales revenues 23 1,158,385 100.0 924,713 100.0 Variable cost of sales 24 805,898 69.6 622,963 67.4 CONTRIBUTION MARGIN
More informationATTACHMENTS TO THE PRESS RELEASE
ATTACHMENTS TO THE PRESS RELEASE ALTERNATIVE PERFORMANCE MEASURES... 2 TIM GROUP - SEPARATE CONSOLIDATED INCOME STATEMENTS... 4 TIM GROUP - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME... 5 TIM GROUP
More informationInterim Financial Report as at 30 September 2018
Interim Financial Report as at 30 September 2018 Interim Report as at 30 September 2018 TRANSLATION FROM THE ORIGINAL ITALIAN TEXT INDEX PREFACE... 4 INTERIM MANAGEMENT REPORT AS AT 30 SEPTEMBER 2018...
More informationBORSA ITALIANA - STAR segment PRESS RELEASE. INTERIM REPORT AS AT SEPTEMBER 30 th 2017 (in brackets results as at 30/09/2016)
BORSA ITALIANA - STAR segment PRESS RELEASE INTERIM REPORT AS AT SEPTEMBER 30 th 2017 (in brackets results as at 30/09/2016) GROWTH CONTINUES FOR THE GROUP NET PROFIT MORE THAN DOUBLED FURTHER STRONG PROGRESS
More informationBOARD OF DIRECTORS APPROVES THE HALF-YEAR FINANCIAL STATEMENTS AT JUNE 30, 2018
PRESS RELEASE BOARD OF DIRECTORS APPROVES THE HALF-YEAR FINANCIAL STATEMENTS AT JUNE 30, 2018 Record first-half year period for the Tuscan Airport System with 3.8 million passengers (+3.1%) All time high
More informationINTERIM REPORT FOR THE THREE MONTHS ENDED 31 MARCH 2017
INTERIM REPORT FOR THE THREE MONTHS ENDED 31 MARCH 2017 Registered office in Via della Valle dei Fontanili 29/37 00168 Rome, Italy Share capital: 1,084,200.00 fully paid-in Rome Companies Register, Tax
More informationMilan, 28 October 2013 INTERIM FINANCIAL REPORT AS OF 30 SEPTEMBER 2013
Milan, 28 October 2013 INTERIM FINANCIAL REPORT AS OF 30 SEPTEMBER 2013 CONTENTS REPORT OF THE BOARD OF DIRECTORS ON OPERATIONS AS OF 30 SEPTEMBER 2013 3 1. PERFORMANCE OF THE GROUP... 7 2. PERFORMANCE
More informationSOGEFI (CIR GROUP): Highlights from 2017 results
PRESS RELEASE Board of Directors approves results as of December 31 2017 SOGEFI (CIR GROUP): Revenues up by 6.2% at 1,672.4m (+7.3% at constant exchange rates) EBITDA at 165.8m (+8.6%) Net income at 26.6m
More informationSaluggia, November 11, The Board of Directors of DIASORIN S.p.A. approves the results for the third quarter of 2011
Press Release Saluggia, November 11, 2011 The Board of Directors of DIASORIN S.p.A. approves the results for the third quarter of 2011 Financial highlights DiaSorin ended Q3 2011 with revenues increased
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 6-K. LUXOTTICA GROUP S.p.A.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the quarter
More informationInterim Financial Report as of March 31, 2018
Interim Financial Report as of March 31, 2018 Board of Directors Meeting, May 7, 2018 INDEX CHAPTER 1. PRIMA INDUSTRIE SPA MANAGEMENT AND CONTROL 4 CHAPTER 2. PRIMA INDUSTRIE GROUP STRUCTURE 6 CHAPTER
More informationCERVED INFORMATION SOLUTIONS: THE BOARD OF DIRECTORS APPROVES THE CONSOLIDATED RESULTS AS OF 30 SEPTEMBER 2017
PRESS RELEASE CERVED INFORMATION SOLUTIONS: THE BOARD OF DIRECTORS APPROVES THE CONSOLIDATED RESULTS AS OF 30 SEPTEMBER GROWTH IN REVENUES, ADJUSTED EBITDA, ADJUSTED NET INCOME AND OPERATING CASH FLOW
More informationReditus EBITDA increases 76.9% in 2017
Reditus EBITDA increases 76.9% in 2017 EBITDA of EUR 4,9 million (vs. EUR 2.8 million in 2016) EBITDA margin of 11.6% (vs. 6.1% in 2016) Net Loss of EUR 1,6 Million (vs. EUR 2,9 Million loss in 2016) Operating
More informationBOARD APPROVES RESULTS FOR FIRST QUARTER 2018: RETURN TO PROFIT CONFIRMED
PRESS RELEASE Mediaset Board of Directors Meeting 15 May 2018 BOARD APPROVES RESULTS FOR FIRST QUARTER 2018: RETURN TO PROFIT CONFIRMED Mediaset Group Net revenues: 860.6 million Operating costs: fell
More informationPRESSE RELEASE. ACOTEL GROUP: Board approves report for H1 2010
PRESSE RELEASE ACOTEL GROUP: Board approves report for H1 2010 Consolidated revenue 80 million (up 33% on H1 2009) Negative consolidated EBITDA 4.5 million (negative 169 thousand in H1 2009) Negative consolidated
More informationThe consolidated profit of approximately 23 thousand for the six months ended 30 June 2017 breaks down as follows:
PRESS RELEASE ACOTEL GROUP: Board approves interim report for H1 2017 Revenue 9.4 million ( 11.7 million in H1 2016) Negative EBITDA 3.7 million (negative 3.6 million in H1 2016) Negative EBIT 4.6 million
More informationPress Release SALUGGIA, NOVEMBER 14, 2014 THE BOARD OF DIRECTORS OF DIASORIN S.P.A. APPROVES THE CONSOLIDATED RESULTS FOR THE THIRD
Press Release SALUGGIA, NOVEMBER 14, 2014 THE BOARD OF DIRECTORS OF DIASORIN S.P.A. APPROVES THE CONSOLIDATED RESULTS FOR THE THIRD QUARTER OF 2014: INCREASE IN REVENUES AND PROFIT, STRONG FREE CASH FLOW
More information+3% INCREASE IN REVENUES TO MILLION DRIVEN BY A POSITIVE PERFORMANCE
PRESS RELEASE - 2016 RESULTS +3% INCREASE IN REVENUES TO 900.8 MILLION DRIVEN BY A POSITIVE PERFORMANCE OF THE WHOLESALE CHANNEL, UP 12%, AND ONLINE SALES, WHICH GREW BY MORE THAN 30%. +9% INCREASE IN
More informationProsegur Results Madrid, 25 th February 2010
Prosegur Results 2009 Madrid, 25 th February 2010 Executive summary Total Growth Growth Profitability +6.6% +14.1% 2,187.0 2,051.7 205.0 234.0 Margin 10.0% 10.7% growth of 6.6% mainly due to the organic
More informationTECHNOGYM: STRONG PROFIT GROWTH in H1 2018
The Technogym Board of Directors approved the half-yearly financial report as of June 30, 2018 TECHNOGYM: STRONG PROFIT GROWTH in H1 2018 Focus on digital product and services: media contents, training
More informationOverview of Gruppo Campari & 2008 First Half Results
Overview of Gruppo Campari & 2008 First Half Results Italian Investor Conference Tokyo, 07 October 2008 1 An overview 2 Gruppo Campari is.. > A major player in the global branded beverage industry > A
More informationLuxottica Group Net Sales for First Quarter 2005 Up Year-Over-Year by 34.8 percent
Luxottica Group Net Sales for First Quarter 2005 Up Year-Over-Year by 34.8 percent Milan, Italy April 28, 2005 - Luxottica Group S.p.A. (NYSE: LUX; MTA: LUX), global leader in the eyewear sector, today
More informationFIERA MILANO: THE BOARD OF DIRECTORS APPROVES THE HALF-YEAR FINANCIAL REPORT AT 30 JUNE 2017
FIERA MILANO: THE BOARD OF DIRECTORS APPROVES THE HALF-YEAR FINANCIAL REPORT AT 30 JUNE 2017 Consolidated revenues of Euro 141.9 million compared to Euro 138.6 million in the first semester 2016 Consolidated
More informationATTACHMENTS TO THE PRESS RELEASE
ATTACHMENTS TO THE PRESS RELEASE ALTERNATIVE PERFORMANCE MEASURES In this press release in addition to the conventional financial performance measures established by IFRS, certain alternative performance
More information1OCT FORM 6-K. for the quarter ended March 31 of Fiscal Year 2010
1OCT200915441803 FORM 6-K for the quarter ended March 31 of Fiscal Year 2010 INDEX TO FORM 6-K Item 1 Management report on the interim financial results as of March 31, 2010 (unaudited) 1 Item 2 Financial
More informationCONSOLIDATED INTERIM FINANCIAL INFORMATION FOR THE SIX MONTHS ENDED JUNE 30, 2017
GVS SPA GROUP CONSOLIDATED INTERIM FINANCIAL INFORMATION FOR THE SIX MONTHS ENDED JUNE 30, 2017 (un-audited) GVS SpA Headquarter in Via Roma, 50-40069 Zola Predosa (Bologna) - Italy Share capital Euro
More informationO&M in the Last Mile Ezentis manages, maintains and deploys infrastructure for telecommunications and utilities companies.
1 O&M in the Last Mile Ezentis manages, maintains and deploys infrastructure for telecommunications and utilities companies. Focus on Latin America where Ezentis activity represents 91,3% of total Group
More informationLuxottica Group S.p.A., Via Cantù, 2, Milano - C.F. Iscr. Reg. Imp. Milano n Partita IVA
ANNUAL REPORT As of December 31, 2012 IAS/IFRS Luxottica Group S.p.A., Via Cantù, 2, 20123 Milano - C.F. Iscr. Reg. Imp. Milano n. 00891030272 - Partita IVA 10182640150 Table of Contents 1. MANAGEMENT
More informationPRESS RELEASE FILA: GROUP INTEGRATION ACCELERATES ***
PRESS RELEASE FILA: GROUP INTEGRATION ACCELERATES 1H2017 Core Business Revenue of Euro 260.5 million, up 29.3% on 1H2016 (Euro 59.0 million), mainly thanks to the acquisitions concluded in the previous
More informationPRESS RELEASE SITI-B&T GROUP S.P.A. BOARD OF DIRECTORS APPROVES CONSOLIDATED INTERIM FINANCIAL REPORT 2017
PRESS RELEASE SITI-B&T GROUP S.P.A. BOARD OF DIRECTORS APPROVES CONSOLIDATED INTERIM FINANCIAL REPORT 2017 The Group is continuing its strategy focused on innovative new product development and internationalisation.
More informationInterim Management Report Bolzoni Group at 31 March Interim Management Report. Bolzoni Group
Interim Management Report Bolzoni Group at March 31st, 2016 1 INDEX Corporate offices page 3 Group activity page 5 Group structure page 6 Comments of the Directors on the Company s performance page 7 Accounting
More information3 Pro forma aggregated balance sheet and statement of income as at June 30, 1999 for Gruppo Intesa and the BCI Group
3 Pro forma aggregated balance sheet and statement of income as at June 30, 1999 for Gruppo Intesa and the BCI Group Explanation of approach followed Pro forma financial statements have been prepared for
More informationGEFRAN GROUP HALF YEARLY REPORT AT 30 JUNE 2014
1 GEFRAN GROUP HALF YEARLY REPORT AT 30 JUNE 2014 2 GEFRAN GROUP HALF YEARLY REPORT AT 30 JUNE 2014 3 CONTENTS 1. CORPORATE BODIES... 7 2. STRUCTURE OF THE GEFRAN GROUP... 8 3. ALTERNATIVE PERFORMANCE
More informationCSP INTERNATIONAL: THE BOD APPROVE THE QUARTERLY REPORT AT MARCH 31, 2005
Press Release Ceresara (MN), May 13, 2005 CSP INTERNATIONAL: THE BOD APPROVE THE QUARTERLY REPORT AT MARCH 31, 2005 The decrease in sales of 12% and the loss of Euro 2.2 million renders problematic breakeven
More informationCONSOLIDATED INCOME STATEMENT (in thousands of Euro)
CONSOLIDATED INCOME STATEMENT (in thousands of Euro) Note Amount % Amount % Sales revenues 23 1,574,091 100.0 1,499,050 100.0 Variable cost of sales 24 1,120,218 71.2 1,079,129 72.0 CONTRIBUTION MARGIN
More informationTiscali s Board of Directors approves first-half 2005 results
Tiscali s Board of Directors approves first-half 2005 results Revenues up 11% on 1H04, to EUR 353.7 million 330,000 new ADSL subscribers, bringing the total to 1.4 million Sharp increase in profitability:
More informationAnnual Results Prosegur 2011
Annual Results Prosegur 2011 29th February. 2012 P&L Consolidated Results Million Euros 2011 2010 Total sales rose 9.7% to 2.809 million (2.560) Turnover 2.809 2.560 97% 9.7% Organic sales growth of 9.0%
More informationNOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA This announcement is an advertisement and not a prospectus and not an offer of securities
More information2008 Half-year financial report
2008 Half-year financial report Contents 1/. 2008 Half-year report Main lines of business..... Comments regarding half-year-results. Significant events in H1 2008... Significant events after the closing
More informationThe Board of Directors approved the Draft Financial Statements of Cembre S.p.A. and the Consolidated Financial Statements at December 31, 2017
Share Capital: 8,840,000 fully paid up tel.: +39 0303692.1 fax: +39 0303365766 Press release The Board of Directors approved the Draft Financial Statements of Cembre S.p.A. and the Consolidated Financial
More informationTERNIENERGIA: 2012 EBITDA margin of 16% and net profit of Euro 6.9 million, proposed dividend amounting to Euro 0,055 per share
TERNIENERGIA: 2012 EBITDA margin of 16% and net profit of Euro 6.9 million, proposed dividend amounting to Euro 0,055 per share Revenues of Euro 65.4 million (Euro 169.8 million as at 31/12/2011) EBITDA
More informationInterim Financial Report at March 31, 2018
Interim Financial Report at March 31, 2018 Contents Our mission... 3 Foreword... 4 > Enel organizational model... 7 Summary of results... 8 Results by business area... 19 > Italy... 22 > Iberia... 27 >
More informationBoard of Statutory Auditors report to the Shareholders Meeting
Board of Statutory Auditors report to the Shareholders Meeting 103 BOARD OF STATUTORY AUDITORS REPORT TO THE SHAREHOLDERS MEETING PURSUANT TO ARTICLE NO. 153 OF LEGISLATIVE DECREE 58/1998 AND ARTICLE NO.
More informationPRESS RELEASE. The Board of Directors Approves the Third 2008 Interim Report on Operations
PRESS RELEASE The Board of Directors Approves the Third 2008 Interim Report on Operations Group interest in net profit more than doubled to 638 million euros Net Profit of Parmalat SpA triples to 614 million
More informationProsegur. May 7 th, 2014 PROSEGUR. 1Q 2014 Results. 1Q 2014 Results
Prosegur May 7 th, 2014 20140422ACD INVESTOR RELATIONS 1 Highlights Profitability Increase Margin recovery in all regions Tighter indirect costs control EBIT grows 32% at constant FX rate Exchange Rate
More informationAHLSTROM FINAL ACCOUNTS RELEASE
AHLSTROM FINAL ACCOUNTS RELEASE Ahlstrom-Munksjö Oyj: Ahlstrom FINANCIAL STATEMENTS RELEASE April 26, 2017 Ahlstrom Final Accounts Release Ahlstrom final accounts show a record high quarterly operating
More information102, 1, , ( TUF
PRESS RELEASE Communication pursuant to article 102, paragraph 1, of Leg. Decree no. 58 of 24 February 1998, as subsequently amended and integrated ( TUF ) and article 37 of the regulation adopted by Consob
More informationQuarterly Report of the Pininfarina Group
Quarterly Report of the Pininfarina Group Turin, November 13, 2012 The Board of Directors of Pininfarina S.p.A., meeting today under the chairmanship of Paolo Pininfarina, approved the Interim Report on
More informationADMISSION DOCUMENT OF ITALIA INDEPENDENT GROUP S.P.A. S SHARES. Nominated Adviser and Specialist Equita SIM S.p.A. Joint Global Coordinators
ADMISSION DOCUMENT regarding the ADMISSION TO TRADING ON AIM ITALIA/ALTERNATIVE INVESTMENT MARKET, MULTILATERAL TRADING SYSTEM ORGANIZED AND MANAGED BY BORSA ITALIANA S.P.A. OF ITALIA INDEPENDENT GROUP
More information