POLTRONA FRAU GROUP Highlights
CONSOLIDATED FINANCIAL STATEMENTS


Consolidated Income Statement


(in thousands of Euro)

31 March 2014

31 March 2013

Revenues 62.578 58.746
Costs for raw materials and consumable (45.507) (42.432)
Personnel costs (12.454) (11.779)
EBITDA (1) 4.617 4535
EBITDA % 7,4% 7,7%
Non-recurring costs (2.000) -
Amortization, depreciation, provisions and impairment (1.726) (1.514)
Operating Income 891 3.021
Operating Income % 1,4% 5,1%
Financial charges, net and gains/losses from investments (1.187) (1.601)
Income before taxes (296) 1.420


(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.

Consolidated Net financial Position


(in thousands of Euro) 31 March 2014 31 December 2013 31 March 2013
Current payables to banks (49.989) (34.794) (38.205)
Current portion of medium-long term borrowings
(16.722) (16.686) (13.016)
Other financial liabilities (719) (690) (1.324)
Current payables (67.430) (52.170) (52.545)
Medium-long-term financial borrowings (37.657) (39.134) (47.700)
Total debt, gross (105.087) (91.304) (100.245)
Cash and cash equivalents 15.151 20.638 9.120
Other financial assets 1.300 1.326 4.808
Net financial position (88.636) (69.340) (86.317)

 


Last update: 26-05-2014