The Board approves the draft Statutory and Consolidated Financial Statements for FY2010

Amaro (Italy), 15 March 2011 

- Consolidated revenues: from € 83.53 million to € 99.27 million, +18.8% 
- Consolidated gross profit: from € 42.97 million to € 50.41 million 
- Consolidated EBITDA: from € 1.29 million to € 7.39 million 
- Consolidated EBIT: from € -6.63 million to € -0.74 million 
- Consolidated pre-tax profit (loss): from € -8.99 million to € -3.81 million 
- Group net profit (loss): from € -9.60 million to € -6.08 million 
- Net financial debt: € -8.64 million 
- Group shareholders’ equity: € 131.52 million 
- Eurotech S.p.A.: net profit (loss) from € -9.22 million to € -0.52 million 

Today the Board of Directors of Eurotech S.p.A. reviewed and approved the draft Statutory and Consolidated Financial Statements as at 31 December 2010, which will be submitted to the Ordinary Shareholders’ Meeting. 

The Group’s consolidated revenues grew by 18.8%, increasing by € 15.74 million to € 99.27 million vs. € 83.53 million in 2009. The increase, which had already emerged during the financial year (FY), confirms sales recovery after a 2009 featuring, for the first time in the Eurotech Group’s history, a decrease of business turnover, due to the global economic situation. Although it cannot be certain that all the effects of the adverse economic situation were played out in 2010, the Group has seen signs of recovery in all the various geographical areas where it operates. 

Gross margin amounted to € 50.41 million and, during the various quarters of FY2010, remained in line with management’s budget projections, reaching a margin of 50.8% on sales at year-end, slightly lower than the 51.4% of 2009 but in any case well above the 50% that is the target level of Eurotech’s business model. Some minor fluctuations of gross profit margin are natural and depend on the mix of products sold, which feature different margins depending on type, application sectors and outlet markets. In addition, gross profit margin is still feeling the effects of the ongoing shortage of electronic components (chips) characterizing the global electronics market. 

request information
* required fields
I have read and understood the Privacy Policy *
I agree to receive marketing emails * - read
We would love to share with you our marketing communications. Keep updated on Eurotech latest products, events and newsletter giving us your consent to receive marketing e-mails. If you want to know more about how we manage your data and how to update your subscription preferences, take a look here at our Personal Data Use Informative
To confirm click on “SEND”. Click on “RESET” to start over
This website or third-party tools used in it uses cookies useful for the proper functioning of the site and for the purposes described in the cookie policy. If you want to learn more or opt out of all or some cookies, see the
cookie policy
By closing this banner, scrolling this page, clicking on a link or continuing navigation in any other way, you allow the use of cookies.