The Board of Directors approves results for 2019
The Board of Directors approves the draft Company Statutory Financial Statements and the Consolidated Financial Statements for the year 2019
Consolidated results
Revenues from sales € 434 million; € 452.8 million in 2018
EBITDA € 46.1 million (€ 46.9 million adjusted); € 49.4 million in 2018 (€ 50.8 million adjusted)
EBIT € 22 million; € 34 million in 2018
Consolidated net result € 13.1 million; € 25.6 million in 2018
Net negative financial position: € 146.9 million, € 116.5 million excluding the effect of the accounting principle IFRS 16, (of which € 15.9 million of debts for future commitments relating to the purchase of residual minority interests), compared to € 117.4 million at 31 December 2018.
During the same meeting the Board of Directors has:
- Approved the Report on Corporate Governance and Ownership Structure and Report on the policy regarding Remuneration and Fees paid
- Convened the Ordinary Shareholders’ Meeting
- Approved the reports and related deliberative proposals for the Shareholders' Meeting
- Approved the non‐financial Report as at December 31, 2019 pursuant to Legislative Decree n. 254/2016