The Board of Directors approves results at 30 September 2020

Board of Directors of Emak S.p.A.

Approved consolidated results at 30 September 2020

Further sales growth in the third quarter (+19.6%)

Revenues from sales: € 359.9 million compared to € 337 million at 30 September 2019

EBITDA adjusted (*): € 47.5 million compared to € 39.2 million at 30 September 2019

EBIT: € 30 million compared to € 20.4 million at 30 September 2019

Consolidated net income: € 15.8 million compared to € 11.6 million at 30 September 2019

Net negative financial position: € 129.9 million (€ 99.6 million net of IFRS 16 effect), compared to € 164.4 million at 30 September 2019 (€ 133 million net of IFRS 16 effect).

 

Bagnolo in Piano (RE), 11 November 2020 - 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 nine months 2020.