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Tip, all the subsidiaries grew in the first quarter

The turnover ranges from +11% of Prysmian to +38/39% of Interpump and Moncler – The Tip group also closes the first three months of 2015 with a consolidated pre-tax profit of around 15,4 million euros, compared to approximately 15 million euros in the report as at 31 March 2014.

Tip, all the subsidiaries grew in the first quarter

In the first quarter all the subsidiaries of Drums Investment Partners have reported growth in turnover: ranging from 11% of Prysmian at 38/39% of Interpump e Moncler. This was communicated by Tip, specifying that the change in the margin for the period at Ebitda level was even more significant compared to the corresponding period of 2014, with increases from around 12% for BE to around 63% for Amplifon. 

Il group Typ, moreover, closes the first three months of 2015 with a consolidated pre-tax profit of approximately 15,4 million euro, compared to approximately 15 million euro in the report as at March 31, 2014. The consolidated shareholders' equity of TIP as at March 31, 2015 amounted to approximately 458,6 million euros, with an increase of over 100 million euros compared to 31 December 2014; 361,4 million euros is the figure attributable to the shareholders of the parent company as at 31 March 2015, compared to approximately 280,2 million in the consolidated financial statements as at 31 December 2014.

On January 28, 2015 TIP completed the indirect divestment in Intercos, with the sale of all Dafe 4000 SpA shares which made it possible to realize a further capital gain, gross of taxes, of an amount exceeding 10 million euro in the period.

On 9 February 2015, as part of the placement operation and simultaneous reduction of the equity investment by the company Red & Black Lux SA (Permira Group), TIP purchased 490 Hugo Boss ordinary shares Ag at a price per share of 102 euros, for a total investment of approximately 50 million euros. As part of the subsequent accelerated book building that took place in March, TIP purchased additional Hugo Boss shares, reaching today the holding of 600 thousand shares equal to 0,852% of the share capital at an average price of approximately 104 euro.

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