The Board of Directors approved the results as at 31 March, 2016 EBITDA growing significantly, net profit of Euro 170 thousand. Growing equity, stable NFP.

  • Revenues amounted to € 0,95 million (€ 31.5 million for the Italeaf Group consolidated)
  • EBITDA equal to € 0,12 million (€ 3.9 million for the Italeaf Group consolidated)
  • EBIT amounted to € -0.03 million (€ 2.6 million for the Italeaf Group consolidated)
  • EBT equal to € 0.14 million (€ 0.6 million for the Italeaf Group consolidated)
  • Net profit amounted to € 0.17 million (€ 0.3 million for the Italeaf Group consolidated)
  • Shareholders’ Equity amounted to € 30.1 million (€ 66.1 million for the Italeaf Group consolidated)
  • NFP of € 1 million (€ 89.4 million for the Italeaf Group consolidated)
  • NAV equal to € 29.2 million
  • Investment of € 2 million in Numanova SpA
  • Fully subscribed the capital increase of € 0.25 million in Skyrobotic SpA

 

The board of directors of Italeaf, holding company and first Italian company builder active in cleantech and smart innovation sectors, listed on on NASDAQ OMX First North, has approved today the interim report as at 31 March, 2016.

 

Financial highlights*

  As at march, 31 2016 VS march 31, 2015
in Euro
Net revenues from sales and services 948,205 -7.3%
EBITDA 120,082 348.55%
EBIT (30,625) 73.19%
EBT (Pre-tax result) 142,554 -85.8%
Net profit 169,084 -76.1%
    VS  December, 31 2015
Net working capital  (532,738) 56.7%
Shareholders’ Equity 30,123,683 0.6%
Total net financial position 16,167,434 0.1%

 

*Separated Interim Report prepared in accordance with accounting principles ITALIAN GAAP

 

The NAV of Italeaf amounted to Euro 29,2 million at 31 March 2016 (Euro 36.9 million at December 31, 2015; – 20.8%).

The investments for the development and the growth of the startup companies in the period was approximately equal to Euro 2 million, part in kind and part in cash, and dedicated Numanova Spa (a newco active in the production of metal powders of high-quality from metal alloys, ferrous and non, for Additive Manufacturing-3D printing, Metal Injection Molding, Hot Isostatic Pressing and the most advanced uses in areas such as aerospace, energy, mechanical, biomedical, etc.).

Italeaf announces, furthermore, that it is successfully completed the divisible capital increase, to be offered in option to shareholders, of EUR 0.25 million of Skyrobotic SpA, through the issue of n. 500,000 shares of no par value. Upon completion of the capital increase, Skyrobotic, a company engaged in the design, development, mass production and marketing of unmanned aircraft systems (UAS) in mini and micro classes for civil and commercial uses, part of the Italeaf group, has a share capital of EUR 2.75 million. The transaction of capital increase will put the company in the best conditions to plan the growth of productive activities.

The Chairman of Italeaf, Mr Stefano Neri, stated:

“We recorded in the first quarter of 2016 a steady trend of Italeaf business and the consolidation of the ratio indicated in the strategic three-year plan 2015-2017. The period, which closes in profit, was marked by a significant improvement in margins due to the optimization of fixed costs. While continuing to be in the presence of an economic period of global reflection, the management confirmed the investment policy in innovative technology companies, allocating important financial and industrial resources in Numanova and supporting the growth of the other startups in its portfolio”.

Press-release_1QINTREP_2016-05-27+Interimreport