Rome, 5 June 2014 – Today’s Annual General Meeting of shareholders (AGM), meeting in first call, has approved the separate financial statements and presented the consolidated financial statements for the year ended 31 December 2013, which reports a net profit, after non-controlling interests, of €141.9m.
Consolidated EBITDA, totalling €766.1m, is significantly up on the €695.2m of 2012 (up 10.2%), primarily reflecting improvements in operating efficiency at the Parent Company and in all areas of business.
There was also strong growth in EBIT (up 30.6% to €383.8m) and net profit (up 83.3% to €141.9m) .
The Group invested a total of €342.1m in 2013 (€399m in 2012, not including the cost of purchasing the Company’s headquarters premises). The reduction was most pronounced in the Environment and Energy segments following the completion of repowering projects.
Net debt at 31 December 2013, amounting to €2,468.2m, is down €27.3m compared with 31 December 2012 and €68.5m compared with 30 September 2013, confirming the focus on reining in debt and on the management of working capital. The ratio of net debt to EBITDA is down from the 3.6x at the end of 2012 to 3.2x at the end of 2013.
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