Landi renzo closes the first half of 2012 with a net profit of 2,6 million, a clear improvement on the loss of 2,4 million recorded in the same period last year.
The turnover of the company producing LPG and methane fuel systems rose by 8,9%, to 139,2 million, while Ebitda recorded an increase of 45,9%, to 15,9 million. At the end of June, net debt had fallen to 71,56 million euro, from 90,11 million at the beginning of the year.
The group confirms a positive outlook for 2012 with a turnover growth of over 5% compared to 2011, as well as an Ebitda margin exceeding 10%.
The numbers drag Landi Renzo's stock on the Stock Exchange, which gains 1,75% in the early afternoon.
