Carraro SpA Reports Unaudited Group and Parent Company Earnings Results for the Full Year Ended December 31, 2016; Provides Sales Guidance for 2017
For the full year, the group reported revenues of EUR 593,747,000 against EUR 674,010,000 a year ago. EBIT was EUR 11,759,000 against EUR 331,000 a year ago. EBITDA was EUR 39,182,000 against EUR 46,938,000 a year ago. Net loss before taxes was EUR 1,748,000 against net result before taxes of EUR 2,267,000 a year ago. Consolidated net loss was EUR 9,087,000 against EUR 8,915,000 a year ago. Adjusted EBITDA was EUR 44,669,000 against EUR 42,627,000 a year ago. Adjusted proforma EBITDA was EUR 48,151,000 against EUR 50,642,000 a year ago. Adjusted EBIT was EUR 22,459,000 against EUR 14,406,000 a year ago. Adjusted proforma EBIT was EUR 27,662,000 against EUR 26,534,000 a year ago.
For 2017, at constant perimeter, sales volumes slightly down compared to 2016 are expected.