Fiera Milano SpA Reports Consolidated Earnings Results for the First Six Months Ended June 30, 2018; Provides Earnings Guidance for the Year 2018
Fiera Milano SpA reported consolidated earnings results for the first six months ended June 30, 2018. For the six months, the company reported revenues from sales and services of 157,724,000 against 133,893,000 a year ago. EBITDA was 46,095,000 against 11,851,000 a year ago. EBIT was 43,101,000 against 8,418,000 a year ago. Profit before tax was 43,081,000 against 7,695,000 a year ago. Profit for the period from continuing operations was 31,650,000 against 5,639,000 a year ago. Profit attributable to the shareholders of the controlling entity was 31,838,000 against 5,863,000 a year ago. Earnings per share basic and diluted were 0.4486 against 0.0826 a year ago. Net cash from operating activities was 24,259,000 against 35,068,000 a year ago. Investments in tangible assets were 579,000 against 2,800,000 a year ago. Investments in intangible assets were 75,000 against 244,000 a year ago.
For the year, the company expects the results of the first semester have led to an upgrade of the forecast for full year EBITDA. This is now expected to be in range of 24 million to 26 million, compared to the previously communicated target of 17 million.