Full speed propeller. The Fabriano-based company, world leader in the production of kitchen hoods, closed the first half-year with more than positive numbers: the group's net result reached 1,4 million euros, up 39,7% compared to million recorded in the same period of 2012. At the beginning of the afternoon, Elica shares moved into slightly negative territory in Piazza Affari, after gaining 14% in one month, 27% in the last six months and 99% in the year .
Revenues for the January-June period showed an increase of 1,8% on an annual basis, to 195,1 million euros, while Ebitda rose to 12,3 million (+6,5%) and l 'ebit at 4,3 million (+2,9%). A boost in turnover, explains a note, was the growth in sales in both Cooking and Motors.
In the first half of the year, worldwide demand for hoods showed an overall increase of 3%, confirming the trend reversal seen starting from the first quarter of this year.
The recovery of almost all markets was the exception of Western Europe (-3,8%), which in the last 5 years has suffered an overall drop of 37% in demand for the sector.
Revenues recorded in the Americas and Asia made a particularly positive contribution thanks to growth of 17,2% and 9,3% respectively. The net financial position records a debt of 64,4 million compared to 62,3 million as at 31 December 2012.
