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Financial results

9M 2019 consolidated results

Consolidated Income Statement Data
(Thousands of euro)

9M 2019

9M 2018
Total net sales 137,451 117,780
Gross profit 60,543 51,498
% on sales 44.0% 43.7%
Operating income 22,890 13,544
% on sales 16.7% 11.5%
EBITDA 29,880 19,364
% on sales 21.7% 16.4%
Net income (loss) from continued operations 17,721 5,654
% on sales 12.9% 4.8%
Income (loss) from discontinued operations 142 239,252
% on sales 0.1% 203.1%
Group net income 17,863 244,906
% on sales 13.0% 207.9%
 
Consolidated Balance Sheet Data
(Thousands of euro) September 30, 2019 December 31, 2018
Group shareholders' equity 254,645 341,220
Net financial position 111,846 223,310

DOUBLE-DIGIT INCREASE IN REVENUES COMPARED TO 3Q 2018 AND SIGNIFICANT IMPROVEMENT OF THE ECONOMIC AND FINANCIAL INDICATORS

·         Consolidated revenues equal to €49 million, up by 16.4% compared to €42.1 million in 3Q 2018. Net of the positive exchange rate effect (+3.7%), two-digit organic growth (+12.7%)

·         Total revenues of the Group equal to €52.2 million, up by 15.6% compared to €45.2 million in 3Q 2018

·         Consolidated gross profit equal to €22.7 million (46.4% of revenues) up by 19.5% compared to €19 million (45.2% of revenues) in 3Q 2018

·         Consolidated operating income equal to €9.5 million, significantly increased (+67.4%) compared to €5.7 million in 3Q 2018

·         Consolidated EBITDA equal to €11.9 million (24.4% of revenues) compared to €7.7 million (18.2% of revenues) in 3Q 2018

·         Consolidated net income equal to €8.7 million, more than tripled compared to €2.3 million in 3Q 2018

·         Consolidated net financial position positive and equal to €111.8 million as at September 30, 2019, improved when compared to €105 million as at June 30, 2019

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