The Board of Directors approves results for the first quarter 2019

The Board of Directors approves results for the first quarter 2019

Net sales: € 122.4 million - € 131.2 million in the first quarter 2018

EBITDA: € 14.1 million - € 17.3 million in the first quarter 2018

EBIT: € 9 million - € 13.7 million in the first quarter 2018

Consolidated net income: € 6.1 million - € 11.2 million in the first quarter 2018

Net negative financial position: € 164.4 million, € 137.2 million with the same accounting principles, (of which € 17.6 million of debts for future commitments relating to the purchase of residual minority interests), compared to € 117.4 million at 31 December 2018 and € 139.7 million at 31 March 2018.

Bagnolo in Piano (RE), 15 May 2019 - The Board of Directors of Emak S.p.A., (MTA– STAR), parent company of one of world major groups working in the sectors of outdoor power equipment, pumps and water jetting, and of the related components and accessories has approved the results for the first quarter 2019.