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Best Union Company S.p.A.: The Board of Directors approves 2013 Interim Report

Best Union Company S.p.A.: The Board of Directors approves 2013 Interim Report

  • Consolidated turnover 18,408 Euro thousands (16,245 Euro thousands at 30 June 2012, +13.3%)
  • Consolidated EBITDA 1,710 Euro thousands (1,054 Euro thousands at 30 June 2012, +62.2%)
  • Consolidated EBIT 940 Euro thousands (111 Euro thousands at 30 June 2012)
  • Net Financial Position positive for 723 Euro thousands (it was positive for 1,585 Euro thousands at 31 December 2012)

Bologna, 28 August 2013 – Best Union Company S.p.A. Board of Directors, approved today 2013 individual and consolidated interim report at 30 June 2013.

At a consolidated level, the Group posted revenues for 18,408 Euro thousands, (they were 16,245 Euro thousands at 30 June 2012, +13.3%). This result was achieved through organic growth of the business, mainly carried out in foreign markets where the Group operates, confirming the commitment of management to increase the sales’ share outside Italy, and in Italy through the activities carried out by the consortium Stadium.

Consolidated EBITDA in 1H13 was 1,710 Euro thousands (9.29% on total revenues), it was 1,054 Euro thousands in 1H12 (6.49% on total revenues), +62,2%. The financial data reflects an increase of the profits over the previous year (+62.2%) and it is the result of the actions to improve operational efficiency and of the effects of economies of scale allowed by the growth achieved.

Consolidated EBIT in 1H13 was 940 Euro thousands, increasing from 111 Euro thousands in 1H12.

Consolidated Net Financial Position at 30 June 2013 was positive for 723 Euro thousands (it was positive for 1,585 Euro thousands at 31 December 2012 and it was negative for 612 Euro thousands at 30 June 2012). The trend of the net financial position shows a careful management of the group’s cash flows.

« The first half of 2013 shows significant progress in terms of results of the Group. The management is therefore committed to continue the efficiency improvement and the development of activities of foreign subsidiaries because the Italian macroeconomic scenario, main market of the Group, does not present a positive outlook in the short term. This confirms the ambitious targets set in the three-year business plan and witness the strength of the entire business project” – commented Luca Montebugnoli, President and CEO of Best Union Company SpA.

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