Best Union Company S.p.A.: the Board of Directors approves September 30th, 2016 Interim Report
- Consolidated Revenue Euro 41.221 million (Euro 45.659 million at September 30th, 2015)
- Consolidated EBITDA Euro 4.859 million (Euro 6.993 million at September 30th, 2015)
- Net Financial Position Euro 478 thousands (negative Euro 4.809 million at December 31st, 2015)
Bologna, November 14th, 2016 – Best Union Company S.p.A. Board of Directors approved today the consolidated interim report as of September 30th, 2016.
At a consolidated level, the Group registered Revenue for Euro 41.221 million, decreased by 9,7% compared to Euro 45.659 million at September 30th, 2015. The decrease in revenue was mainly due to the Sport Segment since the company Stadium was not included in the consolidated group and to the conclusion of some one-shot projects like Expo 2015.
Consolidated EBITDA at September 30th 2016 was Euro 4.859 million (around 11.8% of Revenue) with a decrease of Euro 2.134 million when compared to the same period of the 2015 (Euro 6.993 million). The decrease on EBITDA was mainly due to the exclusione of the company Stadium from the consolidated perimeter, to the different marginality of the projects compared to the same period of the 2015 and to the absence of projects like Expo 2015.
Consolidated EBIT was positive for Euro 2.075 million, compared to Euro 3.659 million in Q3 2015.
The Group registered a positive Consolidated Net Financial Position (Cash Position) as of September 30th, 2016 for Euro 478 thousands (it was negative for Euro 4.809 million at December 31st, 2015) the increase of the Net Financial Position is mainly due to the trend of credit collection process and the seasonality of the presales activities, mainly in Best Union S.p.A.. Furthermore, the main Group’s foreign companies registered a good performance in Net Financial Position.