FIDIA S.P.A. Press release
Fidia S.p.A.: the BoD approves the Quarterly Report as at September 30, 2018
Order back-logof 41,6 million euros, increased of 55,6% vs September 30, 2017, withOrder entryof 31,3 million euros (31,9 million euros in the first nine months of 2017)
Production valueof 38,9 million euros andNet revenuesof 30,5 million euros (respectively 34,0 million euros and 28,8 million euros at September 30, 2017)
EBITDA:-2,5 million euros ( -2,4 million euros as at September 30, 2017)
Turin, November 13, 2018- The Board of Directors of Fidia S.p.A., a leading Group in numerical control devices and integrated systems technologies for the calculation, scanning and cutting of complex shapes and listed on the Star (MTA) segment of the Italian Stock Exchange, has examined and approved today the report as at September 30, 2018.
At the Q3 2018 Fidia Group has reported aProduction Valueof 38,9 million euros, compared to 34,0 million euros realized at the end of first nine months of 2017.Consolidated revenuesfor 30,5 million euros compared to 28,8 million euros in the same period of 2017.
This tendency is attributable to most of the business lines in which the Group operates. As a matter of fact, the High Speed Milling Machines sector-HSM-closes the accounting period with a growth (+8,2%); a positive trend is recorded in the after sale service sector also-Service-(+2,9%), while the electronic sector-CNC-shows a decrease in the revenues comparing to the same period of 2017 (-2,0%).
The sales performance of the period remained on a very satisfying level, consistent with the performance realized in the same period of 2017.
In details:
Thegross operating margin (EBITDA)is -2,5 million euros (-2,4 million euros as at September 30, 2017), while theoperating result (EBIT)is negative by 4,3 million euros compared to -3,1 million euros in the previous period.
At the end of the period, thenet resultof the Group amounted to-4,2 million euros, compared to a negative value of 3,2 million euros at September 30, 2017.
TheNet Financial Positionof the Group is negative by 12,6 million euro, slightly worse than the same period of 2017.
Foreseeable management outlooks
The realized sales performance has been satisfying, and it achieved satisfying results in the first nine months, in line to the same period of 2017.
Based on these premises, the management of the Group expects an enhancement in the economic performance of the last quarter of the year.
* * *
Fidia S.p.A. | Capitale Sociale Euro 5.123.000,00 i.v. |
Corso Lombardia, 11-10099 San Mauro Torinese (TO), Italia | Codice Fiscale e Partita IVA 05787820017 |
Tel. +39 011 2227111 - Fax +39 011 2238202 | C.C.I.A.A. R.E.A. di Torino n. 735673 |
www.fidia.com- info@fidia.it-pec:fidiaspa.pec@maildoc.it | Iscrizione al R. I. di Torino n. 05787820017 |
As provided for by law, the Quarterly Report as at September 30, 2018 will be available within today at the Company headquarter, at the 1Info storage system(www.1info.it)andin the Investor Relations section of the corporate internet site (www.fidia.com).
* * *
Pursuant to Art. 154-bis, paragraph 2 of the "Testo Unico della Finanza", the Financial Reporting Officer (the so called "dirigente preposto")dr. Massimiliano Pagnone, declares that all the figures contained in the present press release correspond to the company's records, books and accounting entries.
Fidia S.p.A., headquartered in San Mauro Torinese (TO), Italy, is a world leader company in the design, production and distribution of high-performance integrated milling systems, primarily applied in the manufacturing of molds and dies for automotive industry and in aerospace field. With more than 40 years of experience and 334 employees, Fidia is known as one of the few companies able to provide solutions for the complete milling process, from the definition of the machining program to the finished product. Fidia produces, distributes and maintains worldwide numerical controls for milling systems, high speed milling systems, CAM software for the cutting of complex shapes.
Fidia S.p.A.(Reuters FDA.MI-Bloomberg FDA IM) is listed on the STAR segment(MTA)of the Italian Stock Exchange and has a capitalization of approx.€28 million.
News and additional information about the company can be found on the corporate website atwww.fidia.com
For further information, please contact:
Fidia S.p.A. | Polytems HIR | Polytems HIR |
dr. Massimiliano Pagnone | Silvia Marongiu | Bianca Fersini |
CFO - Investor Relator | Press Office | Financial Communication |
tel. 011 2227201 | tel. 06 6797849-06 69923324 | tel. 06 6797849-06 69923324 |
investor.relation@fidia.it | s.marongiu@polytemshir.it | b.fersini@polytemshir.it |
Fidia Group: consolidated financial statements as at 30.6.2018
Reclassified consolidated profit and loss statement(thousand euros) | 1stHalf 2018 | % | 1stHalf 2017 | % |
Net revenues | 24.136 | 90,9% | 17.329 | 76,7% |
Change in finished goods and W.I.P. stock | 1.336 | 5,0% | 4.117 | 18,2% |
Other revenues and incomes | 1.086 | 4,1% | 1.143 | 5,1% |
Value of production | 26.558 | 100,0% | 22.588 | 100,0% |
Raw materials and consumables | (10.887) | -41,0% | (8. 547) | -37,8% |
Commissions | (222) | -0,8% | (155) | -0,7% |
Transport | (823 | -3,1% | (614) | -2.7% |
Subcontractors | (1.289) | -4,9% | (1.241) | -5,5% |
Other services and operating costs | (5.155) | -19,4% | (5.188) | -23,0% |
Added value | 8.182 | 30,9% | 6.844 | 30,3% |
Personnel costs | (8.877) | -33,4% | (9.001) | -39,8% |
Gross operating margin(EBITDA) | (695) | -2,7% | (2.157) | -9,5% |
Allocation to provision for bad debts | (172) | -0,6% | (99) | -0,4% |
Depreciation and amortization | (563) | -2,1% | (425) | -1,9% |
Operating margin of the ordinary activity | (1.431) | -5,4% | (2.680) | -11,9% |
Non-recurring (costs)/revenues | (595) | -2,2% | - | 0,0% |
Operating margin(EBIT) | (2.026) | -7,7% | (2.680) | -11,9% |
Net financial income (expenses) | (239) | -0,9% | (26) | -0,1% |
Profit/(loss) on exchange rates | (218) | -0,8% | 146 | 0,6% |
Income/(loss) before taxes(EBT) | (2.483) | -9,4% | (2.560) | -11,3% |
Income taxes (current and deferred) | 100 | 0,4% | (212) | -0,9% |
Net income/(loss) for the accounting period | (2.383) | -9,0% | (2.772) | -12,2% |
Income/(Loss) attributable to minority interest shareholders | (94) | -0,4% | (78) | -0,3% |
Income/(Loss) attributable to the Group | (2.289) | -8,7% | (2.694) | -11,9% |
Consolidated statement of comprehensive income(thousand euros) | 1stHalf 2018 | 1stHalf 2017 |
Income/(loss) for the accounting period (A) | (2.383) | (2.772) |
Other comprehensive income/(loss) that will be reclassified subsequently to profit and loss: | ||
Gains/(losses) on cash flow hedge | (9) | 3 |
Gains/(losses) on exchange differences on translating foreign operations | 256 | (993) |
Income tax related to components of Other comprehensive income/losses that will be reclassified subsequently to profit and loss | 2 | (1) |
Total Other comprehensive income/(loss) that will be reclassified subsequently to profit and loss, net of tax effect (B1) | 249 | (991) |
Other comprehensive income/(loss) that will not be reclassified subsequently to profit and loss: | ||
Actuarial gains/(losses) on employee benefit | 24 | 21 |
Income tax related to components of Other comprehensive income/losses that will not be reclassified subsequently to profit and loss | (4) | (5) |
Total Other comprehensive income/(loss) that will not be reclassified subsequently to profit and loss, net of tax effect (B2) | 20 | 16 |
Total Other comprehensive income/(loss), net of tax effect (B)=(B1)+(B2) | 269 | (975) |
Total comprehensive income/(loss) for the period (A)+(B) | (2.114) | (3.747) |
Total comprehensive income/(loss) attributable to: | ||
Owners of the Parent | (2.038) | (3.564) |
Non-controlling interests | (75) | (183) |
(3.564)
Reclassified consolidated statement of financial position (thousand euros ) | 30.6.2018 | 31.12.2017 |
Property, plant and equipment | 11.108 | 11.267 |
Intangible fixed assets | 2.134 | 1.758 |
Investments | 16 | 16 |
Other financial assets | 1.787 | 1.497 |
Fixed assets-(A) | 15.045 | 14.538 |
Net trade receivables | 13.979 | 14.339 |
Inventory | 20.423 | 17.846 |
Other current assets | 1.338 | 1.263 |
Current assets-(B) | 35.739 | 33.448 |
Supplier payables | (13.482) | (9.928) |
Other current liabilities | (14.497) | (15.801) |
Current liabilities-(C) | (27.979) | (25.729) |
Net working capital (D) = (B+C) | 7.760 | 7.719 |
Provision for employee severance indemnities (E) | (2.223) | (2.292) |
Other long-term liabilities (F) | (447) | (470) |
Net invested capital (G) = (A+D+E+F) | 20.135 | 19.494 |
Financial position | ||
Financial assets available for sale | - | - |
Bank deposits and cash | (8.834) | (11.520) |
Short-term loans | 7.310 | 6.329 |
Current (Assets)/Liabilities for derivatives | - | - |
Other current financial liabilities | - | - |
Current financial position (credit)/debt | (1.524) | (5.171) |
Long-term loans, net of current portion | 10.476 | 11.294 |
Non current (Assets)/Liabilities for derivatives | 75 | 66 |
Net financial position (credit)/debt (H) | 9.026 | 6.170 |
Share capital | 5.123 | 5.123 |
Reserves | 6.464 | 9.362 |
Net income (loss) for the accounting period attributable to the Group | (2.289) | (3.066) |
Total shareholders'equity attributable to the Group | 9.298 | 11.419 |
Shareholders' equity attributable to minority interests | 1.811 | 1.905 |
Shareholders' equity (I) | 11.109 | 13.324 |
Shareholders' equity and net financial position (L) = (H+I) | 20.135 | 19.494 |
Press release
Fidia S.p.A.: the BoD approves the Quarterly Report as at September 30, 2018
Order back-logof 41,6 million euros, increased of 55,6% vs September 30, 2017, withOrder entryof 31,3 million euros (31,9 million euros in the first nine months of 2017)
Production valueof 38,9 million euros andNet revenuesof 30,5 million euros (respectively 34,0 million euros and 28,8 million euros at September 30, 2017)
EBITDA:-2,5 million euros ( -2,4 million euros as at September 30, 2017)
Turin, November 13, 2018- The Board of Directors of Fidia S.p.A., a leading Group in numerical control devices and integrated systems technologies for the calculation, scanning and cutting of complex shapes and listed on the Star (MTA) segment of the Italian Stock Exchange, has examined and approved today the report as at September 30, 2018.
At the Q3 2018 Fidia Group has reported aProduction Valueof 38,9 million euros, compared to 34,0 million euros realized at the end of first nine months of 2017.Consolidated revenuesfor 30,5 million euros compared to 28,8 million euros in the same period of 2017.
This tendency is attributable to most of the business lines in which the Group operates. As a matter of fact, the High Speed Milling Machines sector-HSM-closes the accounting period with a growth (+8,2%); a positive trend is recorded in the after sale service sector also-Service-(+2,9%), while the electronic sector-CNC-shows a decrease in the revenues comparing to the same period of 2017 (-2,0%).
The sales performance of the period remained on a very satisfying level, consistent with the performance realized in the same period of 2017.
In details:
Thegross operating margin (EBITDA)is -2,5 million euros (-2,4 million euros as at September 30, 2017), while theoperating result (EBIT)is negative by 4,3 million euros compared to -3,1 million euros in the previous period.
At the end of the period, thenet resultof the Group amounted to-4,2 million euros, compared to a negative value of 3,2 million euros at September 30, 2017.
TheNet Financial Positionof the Group is negative by 12,6 million euro, slightly worse than the same period of 2017.
Foreseeable management outlooks
The realized sales performance has been satisfying, and it achieved satisfying results in the first nine months, in line to the same period of 2017.
Based on these premises, the management of the Group expects an enhancement in the economic performance of the last quarter of the year.
* * *
Fidia S.p.A. | Capitale Sociale Euro 5.123.000,00 i.v. |
Corso Lombardia, 11-10099 San Mauro Torinese (TO), Italia | Codice Fiscale e Partita IVA 05787820017 |
Tel. +39 011 2227111 - Fax +39 011 2238202 | C.C.I.A.A. R.E.A. di Torino n. 735673 |
www.fidia.com- info@fidia.it-pec:fidiaspa.pec@maildoc.it | Iscrizione al R. I. di Torino n. 05787820017 |
As provided for by law, the Quarterly Report as at September 30, 2018 will be available within today at the Company headquarter, at the 1Info storage system(www.1info.it)andin the Investor Relations section of the corporate internet site (www.fidia.com).
* * *
Pursuant to Art. 154-bis, paragraph 2 of the "Testo Unico della Finanza", the Financial Reporting Officer (the so called "dirigente preposto")dr. Massimiliano Pagnone, declares that all the figures contained in the present press release correspond to the company's records, books and accounting entries.
Fidia S.p.A., headquartered in San Mauro Torinese (TO), Italy, is a world leader company in the design, production and distribution of high-performance integrated milling systems, primarily applied in the manufacturing of molds and dies for automotive industry and in aerospace field. With more than 40 years of experience and 334 employees, Fidia is known as one of the few companies able to provide solutions for the complete milling process, from the definition of the machining program to the finished product. Fidia produces, distributes and maintains worldwide numerical controls for milling systems, high speed milling systems, CAM software for the cutting of complex shapes.
Fidia S.p.A.(Reuters FDA.MI-Bloomberg FDA IM) is listed on the STAR segment(MTA)of the Italian Stock Exchange and has a capitalization of approx.€28 million.
News and additional information about the company can be found on the corporate website atwww.fidia.com
For further information, please contact:
Fidia S.p.A. | Polytems HIR | Polytems HIR |
dr. Massimiliano Pagnone | Silvia Marongiu | Bianca Fersini |
CFO - Investor Relator | Press Office | Financial Communication |
tel. 011 2227201 | tel. 06 6797849-06 69923324 | tel. 06 6797849-06 69923324 |
investor.relation@fidia.it | s.marongiu@polytemshir.it | b.fersini@polytemshir.it |
Fidia Group: consolidated financial statements as at 30.6.2018
Reclassified consolidated profit and loss statement(thousand euros) | 1stHalf 2018 | % | 1stHalf 2017 | % |
Net revenues | 24.136 | 90,9% | 17.329 | 76,7% |
Change in finished goods and W.I.P. stock | 1.336 | 5,0% | 4.117 | 18,2% |
Other revenues and incomes | 1.086 | 4,1% | 1.143 | 5,1% |
Value of production | 26.558 | 100,0% | 22.588 | 100,0% |
Raw materials and consumables | (10.887) | -41,0% | (8. 547) | -37,8% |
Commissions | (222) | -0,8% | (155) | -0,7% |
Transport | (823 | -3,1% | (614) | -2.7% |
Subcontractors | (1.289) | -4,9% | (1.241) | -5,5% |
Other services and operating costs | (5.155) | -19,4% | (5.188) | -23,0% |
Added value | 8.182 | 30,9% | 6.844 | 30,3% |
Personnel costs | (8.877) | -33,4% | (9.001) | -39,8% |
Gross operating margin(EBITDA) | (695) | -2,7% | (2.157) | -9,5% |
Allocation to provision for bad debts | (172) | -0,6% | (99) | -0,4% |
Depreciation and amortization | (563) | -2,1% | (425) | -1,9% |
Operating margin of the ordinary activity | (1.431) | -5,4% | (2.680) | -11,9% |
Non-recurring (costs)/revenues | (595) | -2,2% | - | 0,0% |
Operating margin(EBIT) | (2.026) | -7,7% | (2.680) | -11,9% |
Net financial income (expenses) | (239) | -0,9% | (26) | -0,1% |
Profit/(loss) on exchange rates | (218) | -0,8% | 146 | 0,6% |
Income/(loss) before taxes(EBT) | (2.483) | -9,4% | (2.560) | -11,3% |
Income taxes (current and deferred) | 100 | 0,4% | (212) | -0,9% |
Net income/(loss) for the accounting period | (2.383) | -9,0% | (2.772) | -12,2% |
Income/(Loss) attributable to minority interest shareholders | (94) | -0,4% | (78) | -0,3% |
Income/(Loss) attributable to the Group | (2.289) | -8,7% | (2.694) | -11,9% |
Consolidated statement of comprehensive income(thousand euros) | 1stHalf 2018 | 1stHalf 2017 |
Income/(loss) for the accounting period (A) | (2.383) | (2.772) |
Other comprehensive income/(loss) that will be reclassified subsequently to profit and loss: | ||
Gains/(losses) on cash flow hedge | (9) | 3 |
Gains/(losses) on exchange differences on translating foreign operations | 256 | (993) |
Income tax related to components of Other comprehensive income/losses that will be reclassified subsequently to profit and loss | 2 | (1) |
Total Other comprehensive income/(loss) that will be reclassified subsequently to profit and loss, net of tax effect (B1) | 249 | (991) |
Other comprehensive income/(loss) that will not be reclassified subsequently to profit and loss: | ||
Actuarial gains/(losses) on employee benefit | 24 | 21 |
Income tax related to components of Other comprehensive income/losses that will not be reclassified subsequently to profit and loss | (4) | (5) |
Total Other comprehensive income/(loss) that will not be reclassified subsequently to profit and loss, net of tax effect (B2) | 20 | 16 |
Total Other comprehensive income/(loss), net of tax effect (B)=(B1)+(B2) | 269 | (975) |
Total comprehensive income/(loss) for the period (A)+(B) | (2.114) | (3.747) |
Total comprehensive income/(loss) attributable to: | ||
Owners of the Parent | (2.038) | (3.564) |
Non-controlling interests | (75) | (183) |
(3.564)
Reclassified consolidated statement of financial position (thousand euros ) | 30.6.2018 | 31.12.2017 |
Property, plant and equipment | 11.108 | 11.267 |
Intangible fixed assets | 2.134 | 1.758 |
Investments | 16 | 16 |
Other financial assets | 1.787 | 1.497 |
Fixed assets-(A) | 15.045 | 14.538 |
Net trade receivables | 13.979 | 14.339 |
Inventory | 20.423 | 17.846 |
Other current assets | 1.338 | 1.263 |
Current assets-(B) | 35.739 | 33.448 |
Supplier payables | (13.482) | (9.928) |
Other current liabilities | (14.497) | (15.801) |
Current liabilities-(C) | (27.979) | (25.729) |
Net working capital (D) = (B+C) | 7.760 | 7.719 |
Provision for employee severance indemnities (E) | (2.223) | (2.292) |
Other long-term liabilities (F) | (447) | (470) |
Net invested capital (G) = (A+D+E+F) | 20.135 | 19.494 |
Financial position | ||
Financial assets available for sale | - | - |
Bank deposits and cash | (8.834) | (11.520) |
Short-term loans | 7.310 | 6.329 |
Current (Assets)/Liabilities for derivatives | - | - |
Other current financial liabilities | - | - |
Current financial position (credit)/debt | (1.524) | (5.171) |
Long-term loans, net of current portion | 10.476 | 11.294 |
Non current (Assets)/Liabilities for derivatives | 75 | 66 |
Net financial position (credit)/debt (H) | 9.026 | 6.170 |
Share capital | 5.123 | 5.123 |
Reserves | 6.464 | 9.362 |
Net income (loss) for the accounting period attributable to the Group | (2.289) | (3.066) |
Total shareholders'equity attributable to the Group | 9.298 | 11.419 |
Shareholders' equity attributable to minority interests | 1.811 | 1.905 |
Shareholders' equity (I) | 11.109 | 13.324 |
Shareholders' equity and net financial position (L) = (H+I) | 20.135 | 19.494 |
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Fidia S.p.A. published this content on 13 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 November 2018 13:28:17 UTC
