axélero S.p.A. reported audited consolidated and company earnings results for the year 2015. For the year, on consolidated basis, the company reported value of production of €20,004,000 compared to €9,863,000 a year ago. Adjusted EBITDA was €5,923,000 compared to €5,016,000 a year ago. EBITDA was €5,199,000 compared to €5,016,000 a year ago. EBIT was €1,679,000 compared to €3,269,000 a year ago. Profit before taxes was €1,549,000 compared to €3,167,000 a year ago. Group net profit was €1,234,000 compared to €1,909,000 a year ago. Cash flow used in operating activities was €8,247,000 compared to cash flow from operating activities of €971,000 a year ago.

For the year, on parent company basis, the company reported value of production of €15,791,000 compared to €1,315,000 a year ago. Adjusted EBITDA was €3,108,000 compared to adjusted LBITDA of €228,000 a year ago. EBITDA was €2,384,000 compared to LBITDA €228,000 a year ago. EBIT was €636,000 compared to LBIT of €386,000 a year ago. Profit before taxes was €638,000 compared to €504,000 a year ago. Net profit was €728,000 compared to €590,000 a year ago. Cash flow used in operating activities was €9,061,000 compared to cash flow from operating activities of €1,140,000 a year ago.