Press release
The Board of Directors approves the consolidated financial results as of 31 March 2020
POSITIVE RESULTS IN THE FIRST QUARTER OF 2020
Revenues: Euro 121.8 million, + 3.6% compared to 117.5 million in the first three months of 2019;
Adjusted EBITDA1: Euro 52.3 million, -1.1% compared to 52.9 million in the first three months of 2019, with a margin on revenues of 43.0%;
Adjusted Net Income1: Euro 28.7 million, + 8.7% compared to 26.4 million in the first three months of 2019;
Operating Cash Flow: Euro 29.3 million, + 14.2% compared to 25.6 million in the first three months of 2019;
Consolidated Net Financial Position: Euro 568.5 million at March 31, 2020, equating to 2.4x last twelve months Adjusted EBITDA