Back

The Board of Directors approved the consolidated results as at Semptember 2015

The Board of Directors approved the consolidated results as at Semptember 2015

Publish date: 12/11/2015

The Board of Directors today approved the consolidated results as at September 2015:

Consolidated Financial Highlights - Continuing Operations

Adjusted

  • Revenues of Euro 254.1 million, up 1.6%;
  • EBIT of Euro 21.3 million, reducing 21.0%
  • Group Net Profit of Euro 11.7 million, reducing 14.9%;
  • Net cash position of Euro 17.1 million, strongly improving on Euro 5.0 million as at September 30, 2014.

Reported

  • Revenues of Euro 254.1 million, up 1.6%;
  • EBITDA of Euro 13.6 million, reducing 49.5%;
  • Group Net Profit of Euro 6.1 million, reducing 55.2%;
  • Net cash position of Euro 17.1 million, strongly improving on Euro 5.0 million as at September 30, 2014.

The difference between adjusted and reported figures is due to the special items; these items are related to effects on the value of the Phantom Stock Option Plans, on the Long Term Incentive Plan and on consultancy costs for the proposed acquisition of a majority stake in the company by Mitsubishi Electric Corporation.