Emak Group: 2014 preliminary results

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Bagnolo in Piano (RE), 30 January 2015 - The Board of Directors of Emak S.p.A. (MTA, STAR), holding company of one of world major groups working in the sectors of outdoor power equipment, pumps and high pressure water jetting, and of the related components and accessories, today reviewed the preliminary consolidated results for the financial year 2014.

Consolidated turnover of the Group is approximately € 355.5 million, a slight increase compared to € 355 million in 2013.            Revenue growth in the areas where the Group has a direct presence, particularly in the markets of Western Europe, has offset the decline in demand in the countries affected by problems related to geopolitical and macroeconomic environment (in particular Russia and Venezuela).
The net negative financial position (considered the impact of the change in the scope of consolidation for about € 5 million) amounted to about € 78 million compared to € 76.4 million at December 31, 2013.

During the year the Group has continued to invest in the development of its activities, completing acquisitions interesting for the future, focusing its investments in research and development in order to further improve its offering and its competitive position.

Aimone Burani, the executive responsible for the preparation of the corporate accounting documents, confirms that the preliminary figures presented here are the best representation available today of the results of the Group and that, therefore, could be subject to change during the approval of the draft financial statement, which will take place on March 13, 2015.
The data of this press release have not been audited.

For additional information:
Mr. Andrea La Fata
Investor Relation Office
Phone (+39) 0522 956332;Fax (+39) 0522 959227
alafata@emak.it; www.emak.it

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Emak Group develops, produces and distributes a wide range of products in three business areas: (i) outdoor power equipment, wich includes products for gardening, forestry and agriculture such as trimmers, lawn mowers, tractors, chain saws, tillers, rotary tiller; (ii) pumps and high pressure water jetting, that includediaphragm pumps for agriculture, piston pumps for industrial applications, high pressure washers and hydrodynamic units; (iii)components and accessories for the abovementioned sectors, the most representative of which are line and heads for trimmers, accessories for chain saws (i.e. sharpeners), guns, nozzles and valves for pressure washers and agricultural applications, seats and technical spare parts for tractors.
The Group distributes its products worldwide through 28 companies, more than 150 distributors and over 30,000 specialized dealers. In 2013 Emak Group realized a total turnover of € 355 million and counted more than 1,500 employees.



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