Carraro SpA reported unaudited group and parent company earnings results for the full year ended December 31, 2016. For the full year, the parent company reported revenues of EUR 142,863,000 against EUR 146,191,000 a year ago. EBIT was EUR 2,273,000 against EUR 5,978,000 a year ago. EBITDA was EUR 6,414,000 against EUR 10,911,000 a year ago. Net result before taxes was EUR 473,000 against EUR 231,000 a year ago. Net loss was EUR 1,437,000 against EUR 3,849,000 a year ago.

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.