Fonderie Mario Mazzucconi S.p.A.
EANS-News: Fonderie Mario Mazzucconi S.p.A.
APPROVAL OF THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED ON 31 DECEMBER 2019 - ATTACHMENT
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Fonderie Mario Mazzucconi S.p.A. / APPROVAL OF THE FINANCIAL STATEMENTS FOR THE
FISCAL YEAR ENDED ON 31 DECEMBER 2019
Annual Financial Report
Ponte San Pietro (BG) - Ponte San Pietro (BG), 23 July 2020 - Fonderie Mario
Mazzucconi S.p.A. ("FMM" or the "Company") informs that the shareholders'
meeting, on 13 July 2020, approved the financial statements of the Company for
the fiscal year ended on 31 December 2019.
Moreover, the 2019 consolidated financial statements of Maberfin S.p.A. - the
holding company of the relevant group controlling 100% of the share capital of
FMM - have been presented to the relevant shareholders' meeting held on 13 July
2020.
The key financial, economic and net-worth indicators, as at 31 December 2019,
resulting from the consolidated financial statements are the following:
(millions of EUR) Variation
2019 2018[1] (millions of %
EUR)
Value of 213,41 199,94 + 13,47 + 6,7%
production
Costs of (198,44) (183,96) (14,48) + 7,9%
production[2]
EBITDA Adjusted 14,97 15,98 (1,01) //
% EBITDA Adj on
value of 7,0% 8,0% // - 1,0%
production
EBITDA 12,32 13,21 (0,89) //
% EBITDA on
value of 5,8% 6,6% // - 0,8%
production
EBIT (4,02) (2,37) (1,66) //
Financial (4,27) (4,01) (0,26) //
expenses
Income taxes
and deferred (8,10)[3] 1,11 (9,22) //
tax assets
Final result (16,40) (5,26) (11,13) //
Net worth 24,96 41,36 (16,40) //
Net financial 71,71 67,03 4,68 //
position
With reference to the financial covenant, please note that, during the meeting
held on December 6th, 2019 at the office of the Notary Public Dr. Federico
Cornaggia in Milan, the bondholders unanimously approved the modification of
article 9, paragraph iii., of the regulation of the Bond to exclude the
application of this ratio with reference to the financial statements as of
December 31st, 2019.
***
[1] The figures for the 2018 financial year shown here include the consolidation
of TEKAL S.p.A. entered in the Mazzucconi Group during the financial year 2018.
[2] The item "Costs of production" includes the costs for the purchase of goods
and services, personnel costs and contingent.
[3] Please note that for the principle of prudence and in accordance with the
application of the national accounting standards OIC, the Boards of Directors
have decided to recalculate the amount of deferred tax assets in the amount of
euro 3.5 million, recording a significant reduction of the same in the year 2019
(i.e. a reduction of a total of EUR 8 million).
Further inquiry note:
Edoardo Locatelli - Chief Financial Officer
Tel. +39 035 4551269
Email edoardo.locatelli@mazzucconi.com
Internet website www.mazzucconi.com
end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/documents/10102234/5/10527691/1/20200723_APPROVAL_OF_THE_FINANCIAL_STATEMENTS_FY_2019.pdfissuer: Fonderie Mario Mazzucconi S.p.A.
Via Mazzini 10
I-24036 Ponte San Pietro (BG)
phone: +39 035 4551269
FAX: +39 035 4371242
mail: Edoardo.Locatelli@mazzucconi.com
WWW: www.mazzucconi.com
ISIN: IT0005320756
indexes:
stockmarkets: Wien
language: English
Original content of: Fonderie Mario Mazzucconi S.p.A., transmitted by news aktuell