Financial highlights
Consolidated revenues in the first nine months 2015 are € 784.4 million, up by 5.7% compared to the same period of the preceding year. International sales, which represent 79.3% of total sales, grow by 8.8% while sales in Italy, at 20.7% of the total, decrease by 4.6%.
EBITDA is € 240.5 million, an increase of 13.0% over the first nine months of 2014, with a margin of 30.7% of sales thanks to gross margin improvement and the relatively low increase in operational costs.
Outlook
The group’s business performance was in line with expectations during October. For the full year 2015 targets to achieve sales of around € 1,040 million, operating income of around € 270 million and net income of around € 190 million are confirmed.
source : Press Release Recordati S.p.A., Milan (Italy) October 28, 2015
The group’s business performance was in line with expectations during October. For the full year 2015 targets to achieve sales of around € 1,040 million, operating income of around € 270 million and net income of around € 190 million are confirmed.
source : Press Release Recordati S.p.A., Milan (Italy) October 28, 2015
