Profit, turnover and development: turning point for Green Holding

Objectives achieved thanks to precise and targeted strategic and operational actions. There is great satisfaction in the Green Holding group for the brilliant results achieved in the 2017 Consolidated Financial Statements, recently approved: "Great satisfaction - comments Vincenzo Cimini, CFO of the Green Holding Group - for having achieved the objectives of returning to final profit, stabilization of turnover, achievement of satisfactory margins, after the pursuit of a whole series of strategic and operational actions (commercial and development, rationalization and efficiency, reduction of debt and improvement of the overall net financial position) consistent with the plan medium-long term industrial sector. What can be defined as a breakthrough balance sheet, sees the efforts of all the people who have worked, with their daily commitment, to ensure that the positioning of the Company could, over time, improve more and more. now an even more stimulating phase of maintaining high-performance economic dynamics and organic and external growth in Italy and abroad is opening ».

So let's see the salient numbers of the Green Holding consolidated balance sheet at the 31-12-2017:

• positive result pertaining to the Group equal to 2,5 millions of Euro, after having expensed depreciation and write-downs for 14,5 millions of Euro

• achieved a highly satisfactory operating profitability - Adjusted Ebitda of the order of 18,5% compared to revenues and equal to + € 17,8 million - and an increase of 33,6% compared to the previous year

• improved the financial situation thanks to a reduction in the Group's debt, which went from 81 million Euro in the year 2013 to the current 46 million Euro (mostly to MLT)

Profit, turnover and development: turning point for Green Holding

| Economics |