Highlights

Annual data

In millions of euro 2016 2015 2014
Data on financial position      
Net revenues 1,313.1 1,295.3 1,213.3
Gross industrial margin 389.2 374.4 364.7
Operating income 60.9 56.7 69.7
Profit before tax 25.5 20.1 26.5
Adjusted profit before tax 2 25.5 20.1 30.1
Adjusted net profit 3 14.0 11.9 18.6
Net profit 14.0 11.9 16.1
. Non-controlling interests     0.0
. Group 14.0 11.9 16.1
Data on financial performance      
Net capital employed (NCE) 884.7 902.4 905.9
Net debt (491.0) (498.1) (492.8)
Shareholders’ equity 393.7 404.3 413.1
Balance sheet figures and financial ratios      
Gross margin as a percentage of net revenues (%) 29.6% 28.9% 30.1%
Adjusted net profit2 as a percentage of net revenues (%) 1.1% 0.9% 1.5%
Net profit as a percentage of net revenues (%) 1.1% 0.9% 1.3%
ROS (Operating income/net revenues) 4.6% 4.4% 5.7%
ROE (Net profit /shareholders' equity) 3.6% 2.9% 3.9%
ROI (Operating income/NCE) 6.9% 6.3% 7.7%
EBITDA 170.7 161.8 159.3
EBITDA/net revenues (%) 13.0% 12.5% 13.1%
Other information      
Sales volumes (units/000) 532.0 519.7 546.5
Investiments in tangible and intangible assets 96.7 101.9 94.9
R&D4 50.1 46.8 46.3
Employees at the end of the period (n.) 6,706 7,053 7,510

1)For a definition of individual items, see the “Economic Glossary”.
2)To make results of the previous 3 financial years comparable, the Group determined profit before tax as “adjusted” which excludes the effect of nonrecurrent operations.
3)To make results of the previous 3 financial years comparable, the Group determined a net profit defined as “adjusted” which excludes the effect of nonrecurrent operations.
4)The item Research and Development includes investments for the year recognised in the statement of financial position and costs recognised in profit or loss.

First nine months

In millions of euro 2017 2016
Data on earnings    
Net sales revenues 1,057.3 1,031.7
Gross industrial margin 327.1 309.9
Operating income 69.1 60.5
Profit before tax 44.1 33.6
Net profit 25.1 19.2
. Non-controlling interests    
. Owners of the Parent 25.1 19.2
Data on financial performance    
Net capital employed (NCE) 820.5 862.7
Net debt (430.7) (469.5)
Shareholders’ equity 389.8 393.2
Balance sheet figures and financial ratios    
Gross margin as a percentage of Net revenues (%) 30.9% 30.0%
Net profit as a percentage of Net revenues (%) 2.4% 1.9%
ROS (Operating income / Net Revenues) 6.5% 5.9%
ROE (Net income / Shareholders’ equity) 6.4% 4.9%
ROI (Operating income / NCE) 8.4% 7.0%
EBITDA 159.0 141.5
EBITDA / Net Revenues (%) 15.0% 13.7%
Other information    
Sales volumes (units/000) 426.7 411.7
Investiments in property, plant and equipment and intangible assets 55.6 65.7
Research and Development[1] 49.5 50.0
Employees at the end of the period (number)   6,940 7,197

[1]  The item Research and Develpment includes investments recognised in the Statement of Financial Position and costs recognised in Profit and Loss.

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Last update: 11/16/2017 14:27