Financial results

Third Quarter 2018 consolidated results

Consolidated Income Statement Data
(Thousands of euro)	September 30, 2018	September 30, 2017
Total net sales	117,780	110,273
Gross profit	51,498	45,888
% on sales	43.7%	41.6%
Operating income	13,544	6,796
% on sales	11.5%	6.2%
EBITDA	19,364	13,174
% on sales	16.4%	11.9%
Net income (loss) from continued operations	5,654	(1,859)
% on sales	4.8%	-1.7%
Income (loss) from discontinued operations	239,252	18,565
% on sales	203.1%	16.8%
Group net income	244,906	16,706
% on sales	207.9%	15.1%

Consolidated Balance Sheet Data
(Thousands of euro)	September 30, 2018	December 31, 2017
Group shareholders' equity	352,436	122,141
Net financial position	234,646	(16,517)

DOUBLE-DIGIT INCREASE IN REVENUES COMPARED TO 3Q 2017 AND INCREASE IN MARGINS

Consolidated revenues equal to €42.1 million, up by 15.5% compared to €36.4 million in 3Q 2017
Total revenues of the Group equal to €45.2 million, up by 12.4% compared to €40.2 million in 3Q 2017
Consolidated gross profit equal to €19 million (45.2% of revenues), up by 30% compared to €14.6 million (40.1% of revenues) in 3Q 2017
Consolidated operating income equal to €5.7 million, more than tripled compared to €1.7 million in 3Q 2017
Consolidated EBITDA equal to €7.7 million (18.2% of revenues), more than doubled compared to €3.7 million (10.1% of revenues) in 3Q 2017
Net income from continuing operations equal to €2.9 million, significantly increased compared to €0.1 million in 3Q 2017
Consolidated net income equal to €2.3 million, decreased when compared to €5.7 million in 3Q 2017 exclusively due to the change in the scope of consolidation following the sale of the purification business
Consolidated net financial position positive and equal to €234.6 million as at September 30, 2018