EBITDA amounted to EUR 9 million, representing 13.9% of revenues.
EBIT presented a positive balance of EUR 6 million, 9.4% of revenues.
Net profit was EUR 4.4 million, 6.8% of revenues.
Net financial debt was EUR 9,590 million, an improvement of EUR 3.3 million compared with the first half of 2016.
Provaglio d’Iseo (BS), 3 August 2017 – The Board of Directors of Gefran S.p.A. met today in Provaglio d’Iseo (BS), to approve the semi-annual financial report at 30 June 2017.
Revenues for the first half of 2017 amounted to EUR 65,050 thousand, up by 9% compared to the same period of 2016. This is due to increased sales in almost all markets, especially in Asia, Italy, the European Union and South America, and mainly in the sensors and automation components business areas.
The distribution of revenues by business area in the first half of 2017 shows that sensors grew 18.6% compared with the same period of 2016 and automation components by 13.2%. Drives fell, with revenues falling by EUR 937 thousand (-4.8%).
Alberto Bartoli, Gefran Group CEO, declared: “The first part of the year ended with brilliant economic and financial results. We have recorded good performance in the Sensors Business and Components Business. The Drive and Motion Control Business is improving, although not at break-even point. We expect the second part of the year to be slightly less dynamic and, in the absence of extraordinary events, we expect to achieve the goals set for revenues (6% growth), with operating margins slightly higher than the targets we gave at the beginning of the year, which were EBITDA at 12 % and EBIT at 6%”.