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Financial results

First Half 2018 consolidated results

Consolidated Income Statement Data
(Thousands of euro)

1st Half 2018

1st Half 2017
Total net sales 75,709 73,840
Gross profit 32,490 31,261
% on sales 42.9% 42.3%
Operating income 7,882 5,054
% on sales 10.4% 6.8%
EBITDA 11,702 9,502
% on sales 15.5% 12.9%
Net income (loss) from continued operations 2,704 (1,983)
% on sales 3.6% -2.7%
Income (loss) from discontinued operations 239,870 12,975
% on sales 316.8% 17.6%
Group net income 242,574 10,992
% on sales 320.4% 14.9%
 
Consolidated Balance Sheet Data
(Thousands of euro) June 30, 2018 December 31, 2017
Group shareholders' equity 349,510 122,141
Net financial position 248,988 (16,517)

INCREASE IN REVENUES DESPITE THE NEGATIVE EXCHANGE RATE EFFECT (-8.3%) AND SIGNIFICANT IMPROVEMENT OF THE OPERATING INDICATORS

STRONG INCREASE IN THE NET INCOME AND POSITIVE NET FINANCIAL POSITION (€249M), THANKS TO THE EXTRAORDINARY OPERATION FOR THE SALE OF THE GAS PURIFICATON BUSINESS

  • Consolidated revenues equal to €75.7 million, compared to €73.8 million in 1H 2017. Net of the negative exchange rate effect (-8.3%) organic growth equal to 10.8%
  • Total revenues of the Group equal to €81.7 million, up by 1.4% compared to €80.6 million in 1H 2017
  • Consolidated gross profit equal to €32.5 million (42.9% of revenues), up by 3.9% compared to €31.3 million (42.3% of revenues) in 1H 2017
  • Consolidated operating income equal to €7.9 million, significantly increased (+56%) compared to €5.1 million in 1H 2017
  • Consolidated EBITDA equal to €11.7 million (15.5% of revenues), up by 23.3% compared to €9.5 million (12.9% of revenues) in 1H 2017
  • Net income from discontinued operations equal to €239.9 million (€13 million in 1H 2017), linked to the sale of the gas purification business
  • Consolidated net income equal to €242.6 million, significantly increased when compared to €11 million in 1H 2017
  • Consolidated net financial position positive and equal to €249 million, compared to a negative figure of -€16.5 million as at December 31, 2017

 

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