At constant exchange rates, Sogefi, the car components company headed by the Cir group, closed the first half of 2014 with revenues up by 5,9%. However, the company's losses continue to be huge. In fact, Sogefi leaves 7,3 million on the field, closing at -10 million compared to the same period of 2013. The management indicates the cause of the bad performance of the company in non-recurring charges.
The South American market also weighed on De Benedetti's coffers, where there was a -2% compared to the first quarter of 2013. The markets of North America, Asia and Europe, on the other hand, recorded +15,5%, 32,4% respectively. .1,9% and +2013%. Compared to the net results of June 26,7, when they were 0,2 million, Sogefi closed the half year with a result of XNUMX million.
The lower flow of dividends from subsidiaries (which lost 18,6 million) and higher financial charges, which account for 8,2 million, are due to the sudden slowdown. Debt also increased, rising by almost 2013 million to 20 compared to June 340,8, while the consolidated operating result amounted to 45,4 million. Therefore, a loss compared to 51,3 million in the first half of 2013. Finally, the consolidated EBITDA was also bad at 51,7 million (71,2 million in the first half of 2013).
