The Board of Directors approved the results for financial year 2019
(WorldNews Italy)

Results at 31 January 2020 show growth. EBITDA adjusted at €156 million. Cash generated during the year of €66 million. The process of obtaining new finance is almost concluded. As announced when the preliminary figures for 2019 were published, Group`s sales amounted to €1,370.1 million, in a market that fell by -3.9% year on year. Market share continued to increase, reaching 8.1%. Adjusted EBITDA came to €156.3 million, up by €12.1 million on the previous year, thanks to the significant growth of both brands in the second half of the year (+€31 million compared with the same period of 2018). The adjusted net result was €57.7 million, also up on 2018 (+€2.6 million). Adjusted net financial...