POLTRONA FRAU GROUP Highlights
CONSOLIDATED FINANCIAL STATEMENTS


Consolidated Income Statement


(In thousands of Euro))

Year 2013

Year 2012 (*)

Sales revenue 265.359 238.497
Other revenues and income 7.485 8.491
Revenues 272.844 246.988
Costs for raw materials and consumable (194.588) (175.453)
Personnel costs (46.239) (45.503)
EBITDA (1) 32.017 26.032
EBITDA % 11,7% 10,5%
Non-recurring costs (4.171) (3.906)
Amortization, depreciation, provisions and impairment (7.587) (6.593)
Operating Income 20.259 15.533
Operating Income % 7,4% 6,3%
Financial charges, net and gains/losses from investments (8.527) (6.674)
Income before taxes 11.732 8.859
Income before taxes % 4,3% 3,6%
Current, prepaid and deferred taxes (7.199) (4.060)
Profit (or Loss) from continuing operations 4.533 4.799
Profit (or Loss) from discontinuing operations - (3.675)
Profit (loss) for the year 4.533 1.124


(1) EBITDA represents operating income before amortisation, depreciation, allocations, impairment and non-recurring costs. Identified in this way EBITDA is not an IFRS accounting measure and accordingly the criterion used by the Poltrona Frau Group to calculate this item is not necessarily the same as that used by other companies and is therefore not comparable.

(*) In the Annual Financial Report, the values as at 31 December 2012 were restated to ensure their alignment and comparability with those of the current year following the application of the new IAS 19 on the part of the Group.

CONSOLIDATED NET FINANCIAL POSITION


(In thousands of Euro) 31 december 2013 31 december 2012 Variation
Current payables to banks (34.794) (32.755) (2.039)
Current portion of medium-long term borrowings
(16.686) (13.082) (3.604)
Other financial liabilities (690) (1.360) 670
Current payables (52.170) (47.197) (4.973)
Medium-long-term financial borrowings (39.134) (46.263) 7.129
Total debt, gross (91.304) (93.460) 2.156
Cash and cash equivalents 20.638 9.068 11.570
Other financial assets 1.326 5.319 (3.993)
Net financial position (69.340) (79.073) 9.733

 


Last update: 22-04-2014