The markets like the bridging agreement on tariffs between the US and China - High-voltage Brexit - The Italian maneuver underway - Spotlights on Cir, Unicredit and Mediobanca on Piazza Affari
Contributing to the leap in profits are above all the three main companies of the group: L'Espresso, Sogefi and KOS, which together recorded profits of 25 million.
The lawyers of De Benedetti's holding had requested 32 million euros for non-pecuniary damages which would rise to 100 including interest and legal costs
The holding company of the De Benedetti family closed the first quarter with a positive net result of 21,2 million against the loss of 1,2 million recorded in the same period of 2014 - Revenues and Ebitda growing.
The group headed by L'Espresso, Sogefi and Kos ended 2014 with a loss, despite the clear improvement compared to the loss of 269,2 million recorded in 2013 - Revenues stable, Ebitda up by 4,1%.
Net profits are down (from 10,7 million in 2013 excluding non-recurring items to 5,4 million this year) and revenues are also down: in the first nine months of 2014 they amounted to 1.776,6 million (-1,5 %).
Thud of Sogefi (Cir group) on the Stock Exchange after the bad quarter which led to the resignation of CEO Guglielmo Fiocchi.
The evolution is due to the subsidiary Sorgenia, whose contribution to Cir's consolidated net result was negative for 170,7 million in the first half of 2013 and was equal to zero in the first half of 2014.
The Cir group closed the first 3 months of the year with a loss of 2,6 million due to the energy subsidiary Sorgenia which closed the first quarter of 2014 with a net loss of 14,6 million euro, an increase…
Excluding non-recurring effects, the red would have been 32,6 million, in line with the 30,4 million of 2012 - In any case, the board of directors will propose to the shareholders' meeting not to distribute dividends.
The holding company of the De Benedetti family had closed yesterday up 7% while the president Rodolfo De Benedetti, from the Trento Festival of Economics, had indicated that the negotiations with the banks were continuing and substantially confirmed that next Thursday the…
The meeting takes place at advisor level and could allow for a significant approach to the scheme which will then be submitted to the Sorgenia board of directors for its approval.
The revenues of Sogefi, the engine and components company of the Cir group, are growing: in the first quarter of 2014 they rose to around 340 million, +2,9% on the previous period (+9% at stable exchange rates) - EBITDA, EBIT and net result influenced in…
In recent days, Rothschild (adviser to credit institutions) has allegedly accelerated the collection of adhesions from 21 creditor banks for the most aggressive plan, which envisages the conversion of 600 million excess debt (out of 1,9 billion) into shares…
After the summit between Cir and the main creditor banks of Sorgenia, there seems to be some possibility of an agreement, even if the agreement is far away - Cir remains firm on a contribution of up to 100 million euros, while the banks would like…
Disappointing results for Sogefi, a subsidiary of De Benedetti's Cir group, which this morning at the opening of the Stock Exchange already lost more than 5% to 3,98 euros - The Cir stock on the Sorgenia case was also muted.
According to some rumors, the creditor banks have asked Cir to recapitalize Sorgenia for 300 million euros - The company's response is expected by Monday.
The investment will be approximately 40 million dollars - Sogefi's goal is to establish itself among the leading manufacturers of suspension components and engine systems in the country, reaching revenues in China of over 2017 million dollars in 100,…
The first objective on the company's agenda is to stem the effects of the crisis. Sorgenia - On Friday, De Benedetti's holding company informed the trustee of the 2004-24 loan that it was ready, if requested, to repay the debt (259 million),…
Telefonica's truth on Tim Brazil takes center stage - Waiting for the Fiat show in Detroit - Mps: Guzzetti has the floor - UnipolSai makes its debut and Eni's buyback is on the way - Cir anticipates the debt…
"The lawsuit is the natural consequence of the Cassation judgment of September 2013 - reads the note - which, confirming what has already been previously decided by both the Court and the Court of Appeal of Milan, ascertained the right ...
The Cir group closes the first nine months of 2013 with a net profit of 10,7 million euro. The definitive conviction of the counterparty Fininvest in the proceeding on the Mondadori award has had an impact on the accounts. Despite the financial position…
While yesterday the news of the compensation awarded to Cir had sent De Benedetti's holding company flying on the Stock Exchange, today the stock opens with a decrease of 1,22% and also the Gruppo Editoriale L'Espresso loses 0,34% at the opening.
Great expectations for the Fed's moves: in a few hours the reduction in bond purchases should start and for Bernanke's succession Yellen reaps support - Prudence this morning in Piazza Affari - Mediobanca likes the slim format ...
The third civil section of the Court of Cassation rejected today Fininvest's appeal against Cir for compensation for the so-called "Mondadori Lodo" - The compensation awarded to Cir remains confirmed even if with a tweak to the…
Cir's first six months of 2013 closed with a net loss of 164,9 million, mainly due to write-downs in Sorgenia - Revenues stable at 2,4 billion - Net financial debt down.
Today the hearing of the Fed Chairman on the next monetary policy moves - In Rcs Intesa rises to 6,5% and the arrival of Cairo is possible - Cir flies in anticipation of the extraordinary coupon - The fall weighs on Wall Street…
More purchases on the Biscione which benefits from the upward revision of the 2013-2015 profit estimates by Credit Suisse and the request by the Supreme Court Pg for a reduction in the compensation payable by Fininvest for the…
The Cir group company has successfully completed a 'US private placement of bonds' with leading US institutional investors.
Revenues grew by almost 12%, to over 5 billion euros. EBITDA exceeding 300 million euros, but down on 2011 due to the lower contribution of the most active companies on the market…
Carlo De Benedetti has announced that in the coming weeks he will transfer control of the group free of charge to Rodolfo, Marco and Edoardo - Rodolfo will be executive chairman of the group and also of Cofide - Mondardini will be appointed new CEO - Conti Cir…
The energy company of the Cir group closed the first nine months of 2012 with a negative net result of 77 million euros from a black loss of 13,5 million recorded in the same period of 2011.
The Cir group company which operates in the automotive components sector closes the half year with growing results thanks to the activities of Systèmes Moteurs acquired in the second half of last year - Revenues quadruple in the USA - Brazil slows down…
Operating results improving for the group controlled by De Benedetti in the first quarter, which benefited from the partial recovery of the financial markets - Revenues growing thanks to the energy-healthcare-industrial sector - The reduction in margins is due to the profitability…
There is talk of an imminent agreement between Sorgenia, a subsidiary of Cir, and the Russian Inter Rao Ues - The offer would be frozen pending the inauguration of the Energy Minister of the new Putin government - But then the denial: "The Board of …
The EBITDA of the De Benedetti group is growing strongly thanks to the increase in the margins of Sorgenia, Espresso, Sogefi and KOS - Profit down due to two factors: the lower contribution of Sorgenia and the impact of the…
Sales, despite the slowdown in the global economy, were driven in the fourth quarter by the acquisition of Systèmes Moteurs, consolidated in August, and by the organic growth of the business - The group's expansion in non-European countries continues: revenues up significantly in North…
The holding sees its net profit plummet, but explains: "The figure is not indicative, it is determined by non-recurring components".
