axélero S.p.A. announced consolidated earnings results for the first half of 2016. For the period, the company reported value of production of EUR 24,288,000 against EUR 6,530,000 a year ago. Adjusted EBITDA was EUR 6,025,000 against EUR 2,445,000 a year ago. EBITDA was EUR 5,861,000 against EUR 2,445,000 a year ago. EBIT was EUR 2,990,000 against EUR 1,457,000 a year ago. Profit before taxes was EUR 2,964,000 against EUR 1,421,000 a year ago. Group net profit was EUR 1,857,000 against EUR 988,000 a year ago. Cash outflow from operating activities was EUR 12,179,000 against EUR 8,247,000 a year ago. The net financial position at June 30, 2016 was a debt of EUR 6.7 million, compared to liquidity of EUR 7.4 million at December 31, 2015. The increase in value of production is principally due to commercial expansion and consolidation, thanks partly to the new products launched in 2015.