The Retelit Spa Board of Directors has approved the 2013 Annual Report and updated the 2013-2017 Industrial Plan
1. Approved the 2013 Annual Report: consolidated figures indicate total income and revenues of euro 39.0 million (+4.5% on 2012); EBITDA of euro 10.5 million (+8.1% on 2012) and net result that is negative at euro 0.9 million (an improvement over the minus 3.6 million euro in 2012). The net financial position as at 31 December 2013 is a positive euro 20.0 million (+142.6% with respect to 2012).
2. The update to the objectives of the 2013-2017 Industrial Plan confirms profits for 2014 and envisages, for the 2014-2017 period a compound annual growth rate (CAGR) of turnover of 19.0% and a gross operating margin (EBITDA) of 27.5%. In 2017, the value of production will be euro 75.4 million, with EBITDA at euro 25.6 million. The plan sees investments totaling euro 77.5 million over the five years and total cash generation of euro 43.1 million.