10 May 2012
12:30
Presentations economic-financial results quarterly
Results presentation as at 31 March 2012
The consolidated results for the core business show growth in the first quarter of 2012 (vs. the first quarter of 2011), despite the difficult macroeconomic environment:
- Revenue from core business: €30.9 million euro (an increase of 4.2% with respect to the €29.7 million recorded in first quarter 2011)
- Like-for-like growth in Italy: +1.9%
- Core business EBITDA: €22.2 million (an increase of 1.6% compared to the €21.8 million reported at 31 March 2011)
- The Group’s portion of net profit for the period: €8.4 million (versus €10.4 million at 31 March 2011 which is explained primarily by the financing supporting the investments in development made by the Group in 2011)
- Net financial debt: €1.124 billion (an improvement with respect to the €1.129 billion posted at 31 December 2011); “adjusted gearing” came in at 1.36, an improvement with respect to the 1.38 recorded at 31 December 2011)
