Press release
The Board of Directors approves the consolidated financial results as of 30 June 2020
HALF-YEAR RESULTS CONFIRM THE RESILIENCE OF THE BUSINESS MODEL DESPITE THE ADVERSE IMPACT OF COVID-19
Revenues: Euro 239.7 million, -2.6% compared to 246.2 million in the first six months of 2019;
Adjusted EBITDA1: Euro 99.4 million, -10.5% compared to 111.0 million in the first six months of 2019, with a margin on revenues of 41.5%;
Adjusted Net Income1: Euro 50.7 million, -14.4% compared to 59.2 million in the first six months of 2019;
Operating Cash Flow: Euro 78.6 million, -2.8% compared to 80.9 million in the first six months of 2019;
Consolidated Net Financial Position: Euro 608.9 million at June 30, 2020, equating to 2.7x last twelve months Adjusted EBITDA