Carraro SpA announced consolidated earnings results for the year ended December 31, 2015. For the year, the company's turnover amounted to EUR 674 million, down 7.4% compared EUR 727.8 million a year ago, as a result of the decrease in volumes in the second half of the year. EBITDA amounted to EUR 46.9 million (7% of turnover), up 21.1% compared to EUR 38.8 million (5.3% of turnover) in 2014.

Normalizing the 2014 results, net of non-recurring costs and change in perimeter, adjusted EBITDA in 2014 (excluding non-recurring costs) would have amounted to EUR 42.2 million (6% of turnover). EBIT amounted to EUR 331,000 (0.1% of turnover), down 97.3% compared to EUR 12.1 million (1.7% of turnover) in 2014. Net Loss of EUR 8.9 million compared to a loss of EUR 7.9 million in 2014.