06
August
2015
|
17:44
Europe/Amsterdam
PIRELLI & C. SPA BOARD APPROVES RESULTS FOR 6 MONTHS TO 30 JUNE 2015
FURTHER STRENGTHENING OF PREMIUM WHICH TODAY ACCOUNTS FOR 59.4% OF CONSUMER REVENUES (56.2% IN FIRST HALF 2014); PREMIUM VOLUMES’ GROWTH +10.4% EFFICIENCIES OF 45.8 MILLION EURO, EQUAL TO 51% OF FULL-YEAR TARGET CONSOLIDATED RESULTS
- REVENUES: 3,178.5 MILLION EURO, AN INCREASE OF 6.4% COMPARED WITH 2,986.9 MILLION EURO ON 30 JUNE 2014; +3.2 EXCLUDING POSITIVE FOREX EFFECT
- EBIT: +4.8% TO 446.6 MILLION EURO (426.2 MILLION EURO ON 30 JUNE 2014)
- EBIT MARGIN AT 14.1% (14.3% ON 30 JUNE 2014); EBIT MARGIN BEFORE RESTRUCTURING CHARGES AT 14.2% (14.7% ON 30 JUNE 2014)
- NET PROFIT FOR CONTINUING OPERATIONS: +10.0%% AT 211.4 MILLION EURO (192.1 MILLION EURO ON 30 JUNE 2014)
- NET FINANCIAL POSITION NEGATIVE 1,664.4 MILLION EURO (1,935.2 MILLION EURO ON 30 JUNE 2014 AND 979.6 MILLION EURO ON 31 DECEMBER 2014), IMPROVED COMPARED WITH 31 MARCH FIGURE (1,732.9 MILLION EURO) DESPITE DIVIDEND PAYMENT OF 179.5 MILLION EURO
- REVENUES: 3,173.7 MILLION EURO, AN INCREASE OF 6.5% COMPARED WITH 2,980.8 MILLION EURO ON 30 JUNE 2014; +3.2% EXCLUDING POSITIVE +3.3% FOREX EFFECT
- PREMIUM REVENUES: 1,497.4 MILLION EURO, AN INCREASE OF 16.5% COMPARED WITH 1,285.1 MILLION EURO ON 30 JUNE 2014
- PRICE/MIX AT +3.5% AS A CONSEQUENCE OF GOOD PREMIUM PERFORMANCE
- TOTAL VOLUMES STABLE AT -0.3% (+1.3% CONSUMER AND -5.7% INDUSTRIAL WHICH DISOUNTS THE DECLINE OF THE LATAM MARKET)
- EBIT: +4.0% TO 451.5 MILLION EURO (434.0 MILLION EURO ON 30 JUNE 2014)
- EBIT MARGIN AT 14.2% (14.6% ON 30 JUNE 2014); EBIT MARGIN BEFORE RESTRUCTURING CHARGES AT 14.3% (15.0% ON 30 JUNE 2014)
- CONSOLIDATED EBIT AFTER RESTRUCTURING CHARGES CONFIRMED AT ABOUT 930 MILLION EURO
- INVESTMENTS CONFIRMED AT BELOW 400 MILLION EURO
- CASH GENERATION BEFORE DIVIDENDS CONFIRMED AT OR ABOVE 300 MILLION EURO BEFORE DISPOSAL OF STEELCORD
- NET FINANCIAL POSITION CONFIRMED AT ABOUT 850 MILLION EURO
- TOTAL REVENUES AT >6.35 BILLION EURO (PREVIOUS ESTIMATE ~6.4 BILLION) DERIVING FROM: