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    IKG   IT0004552359

INTEK GROUP S.P.A.

(IKG)
  Report
Delayed Borsa Italiana  -  05/20 10:42:42 am EDT
0.5360 EUR   -0.74%
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Intek S p A : KME has approved the half year consolidated financial report

09/15/2021 | 03:32pm EDT

Registered Office: 20121 Milan (MI) Foro Buonaparte, 44

Share Capital: Euro 335.069.162,51, fully paid-in

Milan Company Register - Tax I.D. Nr. 00931330583

www.itkgroup.it

PRESS RELEASE

  • KME half year consolidated financial report: gross operating profit (EBITDA) as at 30 June 2021 of Euro 47.6 million, i.e. 17.4% higher than the same figure in the first half of 2020 (Euro 40.6 million);
  • Change of the governance of KME SE.

* * *

Milan, 15th September 2021 ‐ KME SE, the largest investment of Intek Group S.p.A, has approved today the half year consolidated financial report:

  • consolidated turnover, net of the raw material, has increased by 7.2%, from Euro 247.1 million to Euro 264.7 million;
  • EBITDA as at 30 June 2021 was Euro 47.6 million; 17.4% higher than the figure of the first half of 2020 when it stood at Euro 40.6 million;
  • EBIT was Euro 26.4 million (Euro 19.7 million in the first half of 2020);
  • net financial debt was Euro 290.5 million (Euro 270.7 million at 31 December 2020).
    * * *

Moreover, the shareholders' meeting of KME SE has today approved the decision to change the corporate governance of the Company from a dualistic system (Management Board and Supervisory Board) to a monistic system (Board of Directors).

The purpose of the change is to endow the Company with a more appropriate corporate governance for an European Company with industrial holding role for an international group and to streamline the decision‐making process.

* * *

The press release is available on the Company's website, www.itkgroup.it. Additional information may be directly requested from the Company (telephone number +39.02.806291; e.mail: info@itk.it) and through the "eMarket STORAGE" system operated by Spafid Connect SpA at the address: www.emarketstorage.com.

Disclaimer

Intek Group S.p.A. published this content on 15 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2021 19:31:07 UTC.


© Publicnow 2021
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Financials
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 219 M 232 M 232 M
EV / Sales -1
EV / Sales 0
Nbr of Employees -
Free-Float 43,8%
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Managers and Directors
Vincenzo Ugo Manes Chairman & Chief Executive Officer
Giuseppe Mazza Administrative Director
Luca Ricciardi Independent Non-Executive Director
Francesca Marchetti Independent Director
Diva Moriani Executive Vice Chairman
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