The board of directors of Great Stations approved the group's 2015 consolidated financial statements which closed with an increase in revenues of around 231 million euros (+10%) driven by rental revenues. Ebitda is in line with the 2014 result and amounts to 58 million, Ebit to 38 million (+9%) and the consolidated net result amounts to around 23 million, up 16% compared to the same period of 2014.
“We are very satisfied with the results of the company which confirms the growth strategy implemented in the last two years and the potential of the business. The revenue development trend testifies to the ability to create value for all shareholders, while the planned conclusion of the expansion works for the stations and the development of income from other surfaces will guarantee us a lasting increase in economic results over time. These results are also a guarantee for the future owners of Grandi Stazioni Retail whose privatization process is proceeding according to schedule and will be completed within the first half of the year", commented the CEO of Grandi Stazioni, Paolo Gallo.
In 2015, despite the persistence of an economic situation that is not exactly favourable, underlines the note from Grandi Stazioni, the opening of new stores recorded a significant increase tripling those of 2014, while the new square meters more than doubled, again compared to 2014. In 2015, 146 stores were opened (50 in 2014), while around 15.000 square meters were used for income, against 6.000 in 2014 .
At 31 December 2015, consolidated rental revenues amounted to 107 million euros, up 7% on the 100 million euros recorded in 2014. The revenues of the Media/Advertising Area for the year 2015 confirm positive volumes compared to 2014 (+2%) driven in particular by the advertising sales of new digital products (+48% compared to 2014). In 2015, with the improvement of the service, the new luggage storage concepts and theopening of 4 new car parks (Milan, Verona and Genoa) there was also an increase (+10%) in revenues of almost 1 million euro deriving from these assets. Investments doubled to 98 million and consolidated operating cash flow amounted to 1 million. The net financial position at December 31, 2015 is 187 million euros.
