Elica SpA reported consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, revenues were EUR 113.288 million against EUR 98.822 million for the same period a year ago, principally driven by strong organic growth (11.7%), in addition to favourable currency movements. Operating profit was EUR 6.903 million against EUR 4.652 million for the same period a year ago. Profit before taxes was EUR 5.822 million against EUR 3.332 million a year ago. Profit from continuing operations was EUR 3.702 million against EUR 1.535 million a year ago. Profit for the period attributable to the owners of the parent was EUR 2.846 million or EUR 4.59 per basic and diluted share against EUR 1.367 million or EUR 2.21 per basic and diluted share a year ago. EBITDA before restructuring charges was EUR 11.8 million compared to EUR 9.766 million, up 21.0% a year ago. EBITDA was EUR 11.3 million compared to EUR 8.795 million, up 28.5% a year ago.


For the year, revenues were EUR 421.627 million against EUR 391.901 million for the same period a year ago. Operating profit was EUR 16.176 million against EUR 11.251 million for the same period a year ago. Profit before taxes was EUR 13.240 million against EUR 6.891 million a year ago. Profit from continuing operations was EUR 7.445 million against EUR 3.486 million a year ago. Profit for the period attributable to the owners of the parent was EUR 6.190 million or EUR 9.98 per basic and diluted share against EUR 2.592 million or EUR 4.18 per basic and diluted share a year ago. EBITDA was EUR 33.526 million against EUR 27.923 million for the same period a year ago. Cash flow from operating activities was EUR 26.067 million against EUR 24.785 million for the same period a year ago. Purchases of intangible assets were EUR 8.306 million against EUR 6.523 million for the same period a year ago. Purchases of property, plant and equipment were EUR 11.561 million against EUR 8.770 million for the same period a year ago. EBITDA before restructuring charges was EUR 35.3 million compared to EUR 30.770 million, up 14.7% a year ago. Net financial debt was EUR 53.0 million, compared to EUR 51.4 million at December 31, 2014, including the payment of restructuring charges of EUR 8.4 million, offset by robust cash generation from operating activities.

For the year 2016, the company expects consolidated revenue growth of between 5% and 9% on 2015; EBIT growth of between 13% and 26% on 2015 and net financial debt of EUR 58 million.