Great performance in the first nine months of the year for Sogefi. Between January and September, the auto components company of the Cir group scored a net profit of 18,8 million euros, up 40% compared to the same period of the previous year. The operating result amounted to 67,8 million euro, an increase of 34,2%.
“The positive results obtained by the group in the first nine months should also be confirmed for the 2011 financial year”, reads the company note. EBITDA rose 18,6% (76,5 million), while revenues increased by 20,8% (829,8 million), for double-digit growth in all reference markets.
Since August Sogefi has started the procedures for the consolidation of Systemes Moteurs, which it completed the acquisition on 29 July. Therefore, on a like-for-like basis, revenues would have grown by 13% and EBITDA by 11%.
In the wake of these numbers, Sogefi's stock gains almost 2,86% in Piazza Affari.
