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Financial results

9M 2020 consolidated results

Consolidated Income Statement Data
(Thousands of euro)

9M 2020

9M 2019
Total net sales 128,096 137,451
Gross profit 54,217 60,543
% on sales 42.3% 44.0%
Operating income 14,015 22,890
% on sales 10.9% 16.7%
EBITDA 22,218 29,880
% on sales 17.3% 21.7%
Net income (loss) from continued operations 3,133 17,721
% on sales 2.4% 12.9%
Income (loss) from discontinued operations 0 142
% on sales 0.0% 0.1%
Group net income 3,133 17,863
% on sales 2.4% 13.0%
 
Consolidated Balance Sheet Data
(Thousands of euro) September 30, 2020 December 31, 2019
Group shareholders' equity 241,745 252,530
Net financial position 93,989 115,316

NET REVENUES IN LINE WITH 2Q 2020 DESPITE THE PENALIZING EFFECT OF EXCHANGE RATES, SHOWING AN ORGANIC DECREASE COMPARED TO 3Q 2019 DUE TO COVID-19 AND INTERNATIONAL TENSIONS
  • Consolidated revenues equal to €39 million in 3Q 2020, in line with 2Q 2020 (€39.8 million) despite the negative exchange rate effect and decreasing when compared to 3Q 2019 (€49 million)
  • Organic decrease of revenues compared to 3Q 2019 mainly due to the Covid-19 effect and to international tensions
  • Total revenues of the Group equal to €41 million, in line with 2Q 2020 (€42 million) but decreasing by -21.4% compared to 3Q 2019 (€52.2 million) mainly due to Covid-19
  • Consolidated gross profit equal to €16 million (41% of revenues) in 3Q 2020, compared to €22.7 million (46.4% of revenues) in 3Q 2019
  • Consolidated operating income equal to €2.9 million (7.4% of revenues) in 3Q 2020, compared to €9.5 million (19.4% of revenues) in 3Q 2019
  • Consolidated EBITDA equal to €5.7 million (14.7% of revenues) in 3Q 2020, compared to €11.9 million (24.4% of revenues) in 3Q 2019
  • Consolidated net income equal to €2.7 million in 3Q 2020, compared to €8.7 million in 3Q 2019
  • Consolidated net financial position positive and equal to €94 million as at September 30, 2020, penalized compared to the end of June by exchange rates and by extraordinary notional debts for new leases
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