Technological investments ended 2017 with to evaluate for 20,310 million euros, an increase of 75% compared to 2016. The BoD will propose to the Shareholders' Meeting on 24 April a dividend from 0,14 per share (6,5 million the total amount), which corresponds to an increase of 60% compared to the previous year. The Pay-Out Ratio is equal to 32,1%, in line with 2016
The group closed the year with revenues equal to 181,018 million euros (+22,9%). L'Ebitda reached 40.631 million, with a growth of 38,8% compared to 29,274 million in 2016. The Operating income it amounts to 27,243 million, 56,4% compared to the previous year.
Il adjusted net income of Tecnoinvestimenti, which excludes non-recurring items and the amortization of intangible assets that emerged during the allocation of the price paid in the business combinations (net of the tax effect) and more clearly represents the operating performance of the Group, amounts to 21,633 million , up by 35,9% compared to the 2016 figure (15,917 million).
THEnet financial debt of the group as at 31 December 2017 amounted to 104,563 million: 33,332 million more than the previous year, mainly due to the effects of the consolidation of the Warrant Group, which, at the acquisition date, led to an increase in net financial debt equal to 52,873 million, and of Sixtema (1,487 million). In 2017, they were also supported investments for 6,571 million and distributed dividends for 6,977 million.
"The Group is growing significantly and the 2017 results confirm the effectiveness and validity of the chosen development strategy", commented the president of Tecnoinvestimenti, Henry Salza.
"2017 demonstrates that we have triggered a virtuous process in which we acquire control of companies with strong management and excellent prospects and place them in a structured context, realizing revenue and cost synergies" added the CEO Pier Andrea Chevallard.
