Carraro SpA reported unaudited consolidated earnings results for the six months ended June 30, 2017. For the six months, the company reported revenues of EUR 310,695,000 against EUR 324,596,000 a year ago. EBIT was EUR 23,821,000 against EUR 9,195,000 a year ago. EBITDA was EUR 34,039,000 against EUR 20,317,000 a year ago. Net result before taxes was EUR 16,026,000 against EUR 1,353,000 a year ago. Net consolidated result was EUR 10,388,000 against negative net consolidated loss of EUR 2,841,000 a year ago. Proforma turnover was EUR 310,695,000 against EUR 296,625,000 a year ago. Adjusted EBITDA was EUR 30,396,000 against EUR 24,694,000 a year ago. Adjusted EBIT was EUR 20,178,000 against EUR 13,572,000 a year ago. Proforma adjusted EBITDA was EUR 30,396,000 against EUR 26,467,000 a year ago. Proforma adjusted EBIT was EUR 20,178,000 against EUR 16,118,000 a year ago. Adjusted net result was EUR 8,020,000 against EUR 1,536,000 a year ago. Proforma adjusted net result was EUR 8,020,000 against EUR 3,770,000 a year ago.

For the second half of the year, the company forecasts continued growth of the turnover already seen in the first half of the year and significant changes in profit are not expected.