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Eurotech – Board Approves Consolidated Half-year Results to 30 June 2011 - Today the Board of Directors of Eurotech S.p.A. reviewed and approved the results for the first half of 2011 - Eurotech.com
Eurotech – Board Approves Consolidated Half-year Results to 30 June 2011

 

PRZOOM - /newswire/ - Amaro, Italy, 2011/08/29 - Today the Board of Directors of Eurotech S.p.A. reviewed and approved the results for the first half of 2011 - Eurotech.com.

   
 
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Amaro (Italy), 29 August 2011

- Consolidated revenues: from €41.82 million to €41.16 million;
- Consolidated gross profit: from €21.49 million to €21.19 million;
- Consolidated EBITDA: from €503 thousand to €-598 thousand;
- Consolidated EBIT: from €-3.39 million to €-4.33 million;
- Consolidated pre-tax profit (loss): from €-4.76 million to €-5.37 million;
- Group net profit (loss): from EUR -4.96 million to EUR -5.41 million;
- Net financial debt: €16.79 million;
- Group shareholders’ equity: €118.47 million.

In the first six months of this year, Group revenues decreased slightly, by 1.6%, to €41.16 million, from €41.82 million in the first half of 2010. The first semester was affected by an uncertain situation in the US market, leading to a slowdown in the order intake, as well as a deferral in turnover in the Japanese market following the earthquake in March. However, the different impact of the first half on total annual turnover, and the current order situation, suggest that the second semester will show an improvement on the second half of last year.

 
 
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Agency / Source: Eurotech Group / Eurotech S.p.A.

 
 

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Eurotech – Board Approves Consolidated Half-year Results to 30 June 2011

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Contact: Cristiana della Zonca - Eurotech.com 
+39 0433 485411 cristiana.dellazonca[.]eurotech.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Eurotech Group / Eurotech S.p.A. securities in any jurisdiction including any other companies listed or named in this release.

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