Fidia S.p.a. MIL:FDA
Fidia S.p.A.: the BoD approves the draft of company financial statement and the Group consolidated statement as of December 31, 2016
Source: MarketScreener
- Consolidated Net revenues: 58,8 million euros (vs. 60,3 million euros as at December 31, 2015);
- EBITDA: 4,3 million euros (vs. 5,7 million euros as at December 31, 2015);
- Group Net profit: 2,4 million euros (vs. 2,4 million euro as at December 31,2015);
- Net Financial Position negative by 7,4 million euros (vs. positive by 6,5 million euros as at December 31, 2015);
- Order entry: 42,5 million euros (vs. 59,7 million euros in the FY 2015);
- Order back-log: 14,6 million euros (vs. 30,9 million euros as at December 31, 2015);
- Investments: 4,6 million euros in property investments, for the acqusition of the new headquartes of Fidia Co and the progression of the new production plant of Fidia SpA in Forlì.
In the FY 2016 Fidia Group has reached consolidated revenues for 58.850 thousand euros, a decrease by 2,4% in comparison with 60.324 thousand euros achieved in the previous year. The electronic sector (CNC) revenues are 4.625 thousand euros, with an increase of 3,3%, compared with 2015; the mechanical sector (HSM) revenues are 41.483 thousand euros, with a decrease of 1,8% compared to 2015; the after sale service business (Service) has recorded revenues for 12.742 thousand euros.
"Investments related to the new Fidia Co headquarter in USA, and moreover in Forlì, gathered most of our energies and financial expenditures - is Giuseppe Morfino comment, founder, president and CEO of Fidia Group; we foresee the incoming benefits of the actual efforts. Our international exposure is constantly growing, and financial markets seems to appreciate our strategies and the resilience of our Business Model. All this will allow us to seize the incoming opportunities in our business environment at a global level."
The gross operating margin (EBITDA) is about +4.264 thousand euros (7,2%) vs. +5.690 thousand euros (+9,0%) in the FY 2016 (-1.426 thousand euros).
Fidia S.p.A. Capitale Sociale Euro 5.123.000,00 i.v.
Corso Lombardia, 11 - 10099 San Mauro Torinese (TO), Italia Codice Fiscale e Partita IVA 05787820017
Tel. +39 011 2227111 - Fax +39 011 2238202 C.C.I.A.A. R.E.A. di Torino n. 735673
www.fidia.com -[email protected] - pec:[email protected] Iscrizione al R. I. di Torino n. 05787820017
The operating margin (EBIT), is also positive for +3.436 thousand euros compared to + 4.146 thousand euros in the FY 2015.
The Group Net Financial Position is negative for 7.412 thousand euros (positive for 6.465 thousand euros FY 2015).
The net consolidated profit is equal to 2.443 thousand euros while the net consolidated result in FY 2015 was about 2.337 thousand euros, what represent an increase of 2,8%.
The parent company, Fidia S.p.A., closes the FY 2016 with revenues for 43.431 thousand euros, that means a decrease by 11,5% vs. about 49.050 thousand euros of year 2015. EBITDA is 1.306 thousand euros positive (+3.099 thousand euros at December 31, 2015), whilst EBIT is
thousand euros positive (about 2.147 thousand euro at December 31, 2015).
A net profit of 2.165 thousand euros has been reached in 2016 (compared to a net profit of 2.143 thousand euros at December 31, 2015) that benefits of dividends distributed by foreign subsidiaries for 1.498 thousand euros.
The net financial position is negative by 13.811 thousand euros, vs 69 thousand euros of the previous year.
The Board of Directors proposes to the Annual Shareholder's Meeting the distribution of an overall dividend unit of 0,2 euro per share and the following scheduling for dividend payment:
Ex-dividend date: July 3rd, 2017;
Record date: July 4 th, 2017;
Payment date: July 5 th, 2017.
The Annual Shareholders' Meeting has been called for April 28th, 2017 (first call) and, if needed, on April 29th, 2017 (second call). The official notice, together with the other documents required, will be published according to the current legal requirements.
The Board of Directors, as of today, has deliberated to request the approval of the Extraordinary Shareholder's Meeting for the introduction in the company Statute of the loyalty shares, as allowed by art 127- quinques del d.lgs 24 febbraio 1998, n.58 ("TUF")
The Extraordinary Shareholders' Meeting has been called for April 28th, 2017 (first call) and, if needed, on April 29th, 2017 (second call). The official notice, together with the other documents required, will be published according to the current legal requirements.
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The Fidia S.p.A. draft statutory financial statement, the Fidia Group consolidated financial statement, the report on operations, the auditors' opinions, the statutory auditors' reports, the report of directors on the subjects in the agenda of the shareholders meetings,both Ordinary and Extraordinary, the Report on corporate Governance , and the Remuneration Report will be available at the registered office to anyone upon request and on the company's website according to law requirement.
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Pursuant to Art. 154-bis, paragraph 2 of the "Testo Unico della Finanza", the Financial Reporting Officer (the so called "dirigente preposto") Dr. Massimiliano Pagnone, declares that all the accounting information contained in the present press release correspond to the company's records, books and accounting entries.
Fidia S.p.A., headquartered in San Mauro Torinese (TO), Italy, is a world leader company in the design, production and distribution of high-performance integrated milling systems, primarily applied in the manufacturing of molds and dies for automotive industry and in aerospace field. With more than 40 years of experience and 341 employees, Fidia is known as one of the few companies able to provide solutions for the complete milling process, from the definition of the machining program to the finished product. Fidia produces, distributes and maintains worldwide numerical controls for milling systems, high speed milling systems, CAM software for the cutting of complex shapes.
Fidia S.p.A. (Reuters FDA.MI - Bloomberg FDA IM) is listed on the STAR segment (MTA) of the Italian Stock Exchange and has a capitalization of approx. € 36 million.News and additional information about the company can be found on the corporate website at
www.fidia.com
For further information, please contact:Fidia S.p.A.
dr. Massimiliano Pagnone
Polytems HIR
Silvia Marongiu
Polytems HIR
Simona D'Agostino
CFO - Investor Relator
Press Office
Financial Communication
tel. 011 2227258
tel. 06 6797849 - 06 69923324
tel. 06 6797849 - 06 69923324
Fidia Group: consolidated financial statements as at 31.12.2016
Reclassified consolidated profit and loss statement
(thousand euros) Unaudited
2016
%
2015
%
Net revenues
58.850
98,7%
60.324
95,3%
Change in finished goods and W.I.P. stock
(866)
-1,5%
887
1,4%
Other operating revenues
1.634
2,7%
2.121
3,3%
Value of production
59.617
100,0%
63.332
100,0%
Raw materials and consumables
(20.325)
-34,1%
(21.421)
-33,8%
Commissions, transport and subcontractors
(6.214)
-10,4%
(8.415)
-13,3%
Other services and operating costs
(11.407)
-19,1%
(10.605)
-16.7%
Added value
21.671
36,4%
22.891
36,1%
Personnel costs
(17.407)
-29,2%
(17.201)
-27,2%
Gross operating margin (EBITDA)
4.264
7,2%
5.690
9,0%
Allocation to provision for doubtful accounts
(166)
-0,3%
(848)
-1,3%
Depreciation and amortization
(661)
-1,1%
(696)
-1,1%
Operating margin of the ordinary activity
3.436
5,8%
4.146
6,5%
Non-recurring income /(costs)
0
0%
0
0%
Operating margin (EBIT)
3.436
5,8%
4.146
6,5%
Net financial income (expenses)
(342)
-0,6%
(199)
-0,3%
Profit/(loss) on exchange rates
124
0,2%
(437)
-0,7%
Margin before taxes (EBT)
3.218
5,4%
3.510
5,5%
Income taxes (current and deferred)
(775)
-1,3%
(1.133)
-1,8%
Net income/(loss) for the accounting period
2.443
4,1%
2.377
3,7%
Income/(Loss) attributable to minority interest shareholders
(19)
-0,0%
(345)
-0,5%
Income/(Loss) attributable to the Group
2.462
4,1%
2.723
4,3%