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Financial results

Full Year 2017 consolidated results

Consolidated Income Statement Data
(Thousands of euro)

2017

2016
Total net sales 231,078 189,031
Gross profit 103,610 85,120
% on sales 44.8% 45.0%
Operating income 39,980 26,083
% on sales 17.3% 13.8%
EBITDA 49,989 35,469
% on sales 21.6% 18.8%
Group net income 13,860 14,029
% on sales 6.0% 7.4%
 
Consolidated Balance Sheet Data
(Thousands of euro) December 31, 2017 December 31, 2016
Group shareholders' equity 122,141 134,831
Net financial position (17,730) (33,776)

REVENUES AT RECORD LEVELS, EXCEEDING €231 MILLION AND CLOSE TO €250 MILLION IN TOTAL

STRONG GROWTH IN OPERATING RESULTS AND EBITDA JUST SLIGHTLY BELOW €50 MILLION

NET FINANCIAL POSITION SIGNIFICANTLY IMPROVED TO -€17.7 MILLION

  • Consolidated revenues equal to €231.1 million, up by 22.2% compared to €189 million in FY 2016
  • Total revenues of the Group equal to €244.9 million, up by 23.5% compared to €198.4 million in FY 2016
  • Consolidated EBITDA equal to €50 million (21.6% of revenues), significantly increased (+40.9%) compared to €35.5 million (18.8% of revenues) in FY 2016
  • Net financial position significantly improved to -€17.7 million compared to -€33.8 million as at December 31, 2016, thanks to the strong operating cash flow generation
  • Consolidated net income penalized by the write-off (equal to €10.8 million) of deferred tax assets of the Parent Company
  • Consolidated net income equal to €13.9 million, but excluding the above mentioned write-off, net income equal to €24.6 million (+75.6% compared to €14 million in FY 2016)
  • Proposed a dividend of €0.70 both per ordinary share and per savings share
  • Consolidated revenues in the first two months of 2018 equal to €39.7 million, up by 14.2% compared to 2017, despite the depreciation of the US dollar; organic growth equal to +28.1%

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