POLTRONA FRAU GROUP Highlights
SUMMARISED FINANCIAL STATEMENTS


Consolidated Income Statement


(in thousands of Euro)

30 September 2013

30 September 2012 (*)

Revenues 192.525 171.420
Costs for raw materials and services (139.954) (124.046)
Personnel costs (34.546) (34.160)
EBITDA (1) 18.025 13.214
EBITDA % 9,4% 7,7%
Amortization, depreciation, provisions and impairment (5.599) (5.045)
Operating Income 12.426 8.169
Operating Income % 6,5% 4,8%
Financial charges, net and gains/losses from investments (4.907) (4.860)
Income before taxes 7.519 3.309


(1) EBITDA is represented by the operating result before amortization, depreciation, provisions and impairment. EBITDA thus defined is not identified as an accounting measurement within the scope of the IFRS and therefore the determination criteria applied by the Poltrona Frau Group might not be homogeneous with that adopted by other companies and is therefore not comparable.

(*) The values were restated to ensure their alignment and comparability with those of the current period.

NET FINANCIAL POSITION


(in thousands of Euro) 30 September 2013 31 December 2012 30 September 2012 (**)
Current payables to banks (42.227) (32.755) (38.340)
Current portion of medium / long-term borrowings
(14.748) (13.082) (12.775)
Other financial liabilities (964) (1.360) (1.580)
Current payables (57.939) (47.197) (52.695)
Medium / long-term financial borrowings (43.513) (46.263) (52.453)
Total debt, gross (101.452) (93.460) (105.148)
Cash and cash equivalents 10.299 9.068 9.532
Other financial assets 3.671 5.319 1.703
Net financial position (87.482) (79.073) (93.913)

 


(**) The values were restated to ensure their alignment and comparability with those of the current period.
Last update: 20-11-2013