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Financial results

2019 consolidated results

Consolidated Income Statement Data
(Thousands of euro)

2019

2018
Total net sales 182,352 160,284
Gross profit 78,373 70,252
% on sales 43.0% 43.8%
Operating income 26,772 15,066
% on sales 14.7% 9.4%
EBITDA 36,502 26,279
% on sales 20.0% 16.4%
Net income (loss) from continued operations 19,685 -7,680
% on sales 10.8% -4.8%
Income (loss) from discontinued operations 152 240,013
% on sales 0.1% 149.7%
Group net income 19,837 232,333
% on sales 10.9% 145.0%
 
Consolidated Balance Sheet Data
(Thousands of euro) December 31, 2019 December 31, 2018
Group shareholders' equity 252,530 341,220
Net financial position 115,316 223,310
STRONG GROWTH IN REVENUES AND SIGNIFICANT IMPROVEMENT IN ALL THE ECONOMIC AND FINANCIAL INDICATORS
  • Consolidated revenues equal to €182.4 million compared to €160.3 million in FY 2018; net of the exchange rate effect (+4.3%), organic growth equal to 9.5%
  • Total revenues of the Group equal to €194 million, up by 12.7% compared to €172.2 million in FY 2018
  • Consolidated gross profit equal to €78.4 million (43% of revenues), up by 11.6% compared to €70.3 million (43.8% of revenues) in FY 2018
  • Consolidated operating income equal to €26.8 million, strongly increased (+77.7%) compared to €15.1 million in FY 2018
  • Consolidated EBITDA equal to €36.5 million (20% of revenues), significantly increased (+38.9%) compared to €26.3 million (16.4% of revenues) in FY 2018
  • Financial management penalized by write-downs totaling €1.6 million (non-recurring write-downs equal to €13.4 million in FY 2018)
  • Consolidated net income from continued operations equal to €19.7 million (-€7.7 million in FY 2018)
  • Net financial position positive and equal to €115.3 million, improved when compared to €111.8 million at September 30, 2019
  • Proposed a dividend of €0.78 per ordinary share and of €0.80 per savings share
  • Consolidated revenues equal to €32.4 million in the first two months of 2020, up by 17.3% compared to 2019
  • The BoD resolved to donate €0.5 million to research institutes involved in the front line against coronavirus, as well as to the Italian Civil Protection
  • All Italian manufacturing plants are in operation, applying the health procedures currently in force
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