Business
Emak S p A : BoD approves 1Q 20 results and Put option Cifarelli
Emak S p A : BoD approves 1Q 20 results and Put option
About this update from Emak S.p.a.
Board of Directors of Emak S.p.A. Approved consolidated results for the first quarter 2020 Revenues from sales: € 118 million compared to € 122.4 million in the first quarter 2019. EBITDA: € 13.9 million compared to € 14.1 million in the first quarter 2019. EBIT: € 8.4 million compared to € 9 million in the first quarter 2019. Consolidated net income: € 3.8 million compared to € 6.1 million in the first quarter 2019. Net negative financial position: € 180.7 million compared to € 164.4 million at 31 March 2019 and € 146.9 million at 31 December 2019. Approved exercise of Put option on 30% of the Cifarelli shareholding