Best Union Company Spa - The Board of Directors approves the Draft Financial Statements as at 31 December 2014 and the Group Consolidated Financial Statements as at 31 December 2014[1]: Consolidated revenues and EBITDA grown by 27.97% and 58.3% respectively, and operating result decreased by 50%
  • Consolidated revenues of Euro 50,085 thousand (Euro 39,139 thousand in 2013) +27.97%
  • Consolidated EBITDA of Euro 5,112 thousand (Euro 3,228 thousand in 2013) +58.3%
  • Consolidated EBIT of Euro 367 thousand (Euro 735 thousand in 2013) -50%
  • Group net loss of Euro 453 thousand (profit of Euro 101 thousand in 2013)
  • Net financial indebtedness of Euro 4,457 thousand (Positive Net Financial Position of Euro 1,595 thousand as at 31 December 2013)

Bologna, 26 March 2015 - The Board of Directors of Best Union Company Spa, meeting today, has reviewed and approved the draft Financial Statements of the Company as at 31 December 2014 as well as the Group Consolidated Financial Statements as at 31 December 2014.

In 2014 the Group achieved a positive performance in terms of revenues and EBITDA and registered a decrease in the Operating Result.

On a consolidated level, in 2014 the Group reported Revenues for Euro 50,085 thousand, an increase of 27.97% compared to Euro 39,139 thousand in the previous financial period. The revenue performance was due to a significant increase in the activities related to the Leisure and Fairs Segment and to the growth of revenues on the foreign market; EBITDA showed a result of Euro 5,112 thousand (10.21% of Revenues) compared to Euro 3,228 thousand in the previous financial period, i.e. +58.3%

The increase in revenues in the 2014 financial period was influenced by the following:

  • acquisition of the company IREC occurred in May 2014, the turnover of which in 2014 amounted to Euro 6,906 thousand after the acquisition;
  • the good and significant performance of the parent company Best Union Company Spa and of HB Communication Srl and Best Union UK;
  • the constant increase of revenues on foreign markets;

As for the breakdown of sales by business segments, the following is to be noted:

- Fairs Segment: turnover increased if compared to the previous financial period, from Euro 6.39 million in 2013 to Euro 10.1 million in 2014, also and in particular thanks to the order related to 2015 Milan EXPO. In general, the sector registered a positive trend in margins, in line with the previous year;

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