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Engineering: turnover ok, margins down, debt reduced

The value of production is up by 4,6%, to 198,6 million, while the net financial position is positive for 36,7 million, against the red from 39,4 million in the same period of 2013.

Engineering: turnover ok, margins down, debt reduced

Engineering it closed the first quarter with an Ebitda down to 16,6 million, from the 18,2 million recorded in the same period of 2013, and with an Ebit of 10,3 million, from the previous 12,9 million. The company communicates it, specifying that the data are "in line with management's expectations".

As for the value of production, it grew by 4,6%, to 198,6 million, while the net financial position was positive by 36,7 million, against the red from 39,4 million in the same period of 2013.

In mid-afternoon, Engineering's stock dropped 2,8% to 45,31 euros.

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