The general shareholders meeting held on the 24th of June 2016 approved the financial statement 2015.
This is the main data:
|Turnover||14,548,582 Euro (+11.5 % from 2014)|
|Value of production||14,173,046 Euro (- 6 % from 2014)|
|EBITDA||1,494,971 Euro (- 2 % from 2014)|
|Net result||(854,668) Euro|
|Shareholders ‘equity||11,307,301 Euro|
|Fixed assets||12,570,292 Euro|
It should be noted that due to the partial splitting of the company at the end of the year 2014, both the photovoltaic plant in Belpasso and the shares in the foreign companies with their related turnover were lost.
Notwithstanding, the EBITDA has maintained the same levels from 2014. The result was affected by the provision to the reserve for possible loan losses of 1,500,000 Euro, agreed to face the eventuality of insolvency of the Russian client against who it has started legal action to claim for the credit at the court of Moscow.
In 2016 it is expected an increase of the turnover and a significant growth.
The shareholders have also elected the social bodies for the three-year period 2016-2018.
The general shareholders group is structured as it follows:
Eng. Claudio Civello Chairman and Chief Executive Officer
Conveyor Maurizio Lembo Managing director
Doc. Maurizio Toscano Executive Director
The Board of Statutory Audience is made by:
Doc. Antonio Pogliese Chairman
Doc. Salvatore Arcidiacono Statutory Auditor
Doc. Giorgio Sangiorgio Statutory Auditor
Law. Vincenzo Taranto Alternate Auditor
Doc. Alessandro Micale Alternate Auditor