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Piquadro: quarter up, but profit down in the nine months

Turnover increases in the third quarter of 2013-14 – Profit over the nine months falls by three percentage points – Positive forecasts for growth – Stock stable on the Stock Exchange.

Piquadro: quarter up, but profit down in the nine months

Positive numbers for Piquadro. The company active in the design, production and distribution of leather goods closed the third quarter of the 2013-14 financial year with a turnover of 15,4 million euros (+17,7% compared to the same quarter of the 2012 financial year -13); while Ebitda is equal to 1,8 million euros, up by 20,1% compared to the same quarter last year; Consolidated net profit amounted to 0,6 million euro, up 37% compared to the same quarter of the 2012-13 financial year.

In the first nine months of the year ended 31 December 2013, net sales revenues amounted to 45,3 million euros, up by 11,9% compared to the same period of the previous year ended at 40,5 million euros, while profit stood at 2,6 million euros in the first nine months of the 2013-14 financial year from 2,9 million in the previous year.

Management expects the fourth quarter of the 2013-14 financial year to maintain growth levels similar to those recorded in the third quarter ended December 31, 2013.

At 16.30 the share is stable on the Stock Exchange, with a valuation of 2,22

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