making innovation happen, together

linkedin.com
×

Error message

Notice: Trying to get property of non-object in metatag_hreflang_tokens() (line 75 of /var/www/domains/saesgetters.com/public_html/sites/all/modules/metatag/metatag_hreflang/metatag_hreflang.tokens.inc).

Financial results

FY 2018 consolidated results

Consolidated Income Statement Data
(Thousands of euro)

December 31, 2018

December 31, 2017
Total net sales 160,284 147,122
Gross profit 70,252 62,203
% on sales 43.8% 42.3%
Operating income 15,066 9,092
% on sales 9.4% 6.2%
EBITDA 26,279 18,315
% on sales 16.4% 12.4%
Net income (loss) from continued operations (7,680) (12,653)
% on sales -4.8% -8.6%
Income (loss) from discontinued operations 240,013 26,513
% on sales 149.7% 18.0%
Group net income 232,333 13,860
% on sales 145.0% 9.4%
 
Consolidated Balance Sheet Data
(Thousands of euro) December 31, 2018 December 31, 2017
Group shareholders' equity 341,220 122,141
Net financial position 223,310 (16,517)

DOUBLE-DIGIT ORGANIC GROWTH IN REVENUES AND SIGNIFICANT IMPROVEMENT IN OPERATING INDICATORS

  • Consolidated revenues equal to €160.3 million compared to €147.1 million in FY 2017; net of the exchange rate effect, organic growth equal to +12.3%
  • Total revenues of the Group equal to €172.2 million, up by 7% compared to €161 million in FY 2017
  • Extraordinary costs for severance and write-offs equal to €19.2 million
  • Consolidated gross profit equal to €70.3 million (43.8% of revenues), up by 12.9% compared to €62.2 million (42,3% of revenues) in FY 2017
  • Consolidated operating income equal to €15.1 million, strongly increased (+65.7% compared to €9.1 million in FY 2017) despite severance costs of the Parent Company of €2.7 million and write-offs of €3.1 million
  • Consolidated EBITDA equal to €26.3 million (16.4% of revenues), significantly increased (+43.5%) compared to €18.3 million (12.4% of revenues) in FY 2017, despite severance costs of €2.7 million
  • Financial figures penalized by write-downs totaling €13.4 million
  • Net income from discontinued operations equal to €240 million (€26.5 million in FY 2017), related to the sale of the purification business
  • Consolidated net income equal to €223.3 million, strongly increased compared to €13.9 million in FY 2017
  • Net financial position positive and equal to €233.3 penalized by the devaluation of the loan granted to the joint venture Actuator Solutions
  • Proposed a dividend of €0.70 per ordinary share and of €0.86 per savings share
  • Consolidated revenues in the first two months of 2019 equal to €27.6 million, up by 11.5%compared to 2018

 

Financial results

Stay tuned to Saes Getters latest
Financial information

Register today

to receive our new newsletter service