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Financial results

1Q 2020 consolidated results

Consolidated Income Statement Data
(Thousands of euro)

March 31, 2020

March 31, 2019
Total net sales 49,285 43,099
Gross profit 20,358 18,188
% on sales 41.3% 42.2%
Operating income 6,841 4,640
% on sales 13.9% 10.8%
EBITDA 9,384 6,577
% on sales 19.0% 15.3%
Net income (loss) from continued operations -5,074 3,178
% on sales -10.3% 7.4%
Income (loss) from discontinued operations 0 0
% on sales 0.0% 0.0%
Group net income -5,074 3,178
% on sales -10.3% 7.4%
 
Consolidated Balance Sheet Data
(Thousands of euro) March 31, 2020 December 31, 2019
Group shareholders' equity 250,495 252,530
Net financial position 102,798 115,316
ORGANIC GROWTH OF REVENUES (+12.2%)
LIMITED IMPACT OF COVID-19 CRISIS ON THE GROUP’S OPERATING RESULTS SO FAR
  • Consolidated revenues equal to €49.3 million, with an organic two-digit increase (+12.2%) compared to €43.1 million in 1Q 2019
  • Total revenues of the Group equal to €51.5 million compared to €46 million in 1Q 2019 (+12%)
  • Consolidated gross profit equal to €20.4 million compared to €18.2 million in 1Q 2019 (+11.9%)
  • Consolidated operating income equal to €6.8 million compared to €4.6 million in 1Q 2019 (+47.4%)
  • Consolidated EBITDA equal to €9.4 million (19% of consolidated revenues) compared to €6.6 million in 1Q 2019 (15.3% of consolidated revenues)
  • Consolidated net result negative and equal to -€5.1 million, due exclusively to the decrease in the fair value of the securities portfolio
  • Consolidated net financial position positive and equal to €102.8 million as at March 31, 2020
Financial results

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