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Financial results

1H 2020 consolidated results

Consolidated Income Statement Data
(Thousands of euro)

1st Half, 2020

1st Half, 2019
Total net sales 89,099 88,487
Gross profit 38,223 37,820
% on sales 42.9% 42.7%
Operating income 11,143 13,412
% on sales 12.5% 15.2%
EBITDA 16,473 17,952
% on sales 18.5% 20.3%
Net income (loss) from continued operations 438 8,964
% on sales 0.5% 10.1%
Income (loss) from discontinued operations 0 176
% on sales 0.0% 0.2%
Group net income 438 9,140
% on sales 0.5% 10.3%
 
Consolidated Balance Sheet Data
(Thousands of euro) June 30, 2020 December 31, 2019
Group shareholders' equity 243,988 252,530
Net financial position 95,644 115,316
STABLE FIRST HALF YEAR RESULTS, DESPITE THE EXPECTED DECREASE IN 2Q, MAINLY DUE TO COVID-19
NET CONSOLIDATED REVENUES IN THE FIRST HALF OF THE YEAR IN LINE WITH THE PREVIOUS YEAR AND STABILITY IN ALL THE OPERATING INDICATORS
  • Consolidated revenues equal to €89.1 million, compared to €88.5 million in 1H 2019 (+0.7%)
  • Total revenues of the Group equal to €93.5 million, substantially stable compared to €94.2 million in 1H 2019 (-0.8%)
  • Consolidated gross profit equal to €38.2 million (42.9% of revenues), compared to €37.8 million (42.7% of revenues) in 1H 2019
  • Consolidated operating income equal to €11.1 million (compared to €13.4 million in 1H 2019), including Covid-19-related extraordinary costs equal to about €0.7 million
  • Consolidated EBITDA equal to €16.5 million (18.5% of revenues), compared to €18 million (20.3% of revenues) in 1H 2019
  • Consolidated net income equal to €0.4 million (compared to €9.1 million in 1H 2019), penalized by the reduction in the fair value of the securities portfolio
  • Consolidated net financial position positive and equal to €95.6 million as at June 30, 2020
Financial results

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