PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Eurotech Group / Eurotech S.p.A.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Eurotech - Board of Directors Approves the 2011 Draft Statutory and Consolidated Financial Statements - The Board of Directors of Eurotech S.p.A has examined and approved the draft Statutory Financial Statements and Consolidated Financial Statements at 31 December 2011 - Eurotech.com
Eurotech - Board of Directors Approves the 2011 Draft Statutory and Consolidated Financial Statements

 

NewswireToday - /newswire/ - Amaro, Italy, 2012/03/15 - The Board of Directors of Eurotech S.p.A has examined and approved the draft Statutory Financial Statements and Consolidated Financial Statements at 31 December 2011 - Eurotech.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Electronics/Instrumentation/RFID Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

- Consolidated revenues: from €99.27 million to €93.81 million, -5.5%
- Consolidated gross profit: from €50.41 million to €46.54 million
- Consolidate Adj EBITDA: from €6.81 million to €4.0 million
- Consolidated EBITDA: from €7.39 million to €3.09 million
- Consolidated EBIT: from €-0.74 million to €-4.87 million
- Consolidated pre-tax loss: from €-3.81 million to €-6.61 million
- Group net loss: from €-6.08 million to €-7.25 million
- Net financial debt: €14.33 million
- Group shareholders’ equity: €135.0 million
- Eurotech S.p.A.: net loss from €-0.52 million to €–18.49 million.

The Board of Directors of Eurotech S.p.A has today examined and approved the draft Statutory Financial Statements and Consolidated Financial Statements at 31 December 2011, which will be presented to the Ordinary Shareholders’ Meeting.

The Group posted a decrease in revenues of 5.5%, falling from €99.27 million in 2010 to €93.81 million in 2011. This decrease was the result of a combination of factors and events, attributable to the adverse macroeconomic situation and is explained below.

Long-term, Eurotech’s geographic coverage of three continents has been an asset because it allows the Group to maximise its chances of seizing business opportunities wherever they arise and to balance out the effects of poor economic performance in a given region. However, this was not evident in 2011 as each geographic segment in which we have a significant operations was hit, although to different extent, by adverse events: the US came close to defaulting, Europe suffered from a debt and Euro crisis, and Japan experienced an earthquake and subsequent devastating tsunami. Naturally, we could not have foreseen such widespread negative scenarios across our three key regions. Consequently, from March onwards Eurotech's management dealt with an increasingly adverse global setting, one that was markedly different from that projected at end-2010 and that had been initially confirmed by good order levels in the first two months of the year.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Electronics/Instrumentation/RFID Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Eurotech Group / Eurotech S.p.A.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Electronics/Instrumentation/RFID articles,
CATCH Visitors via Your Competitors Announcements!


Eurotech - Board of Directors Approves the 2011 Draft Statutory and Consolidated Financial Statements

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Cristiana della Zonca - Eurotech.com 
+39 0433.485.411 cristiana.dellazonca[.]eurotech.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Eurotech Group / Eurotech S.p.A. securities in any jurisdiction including any other companies listed or named in this release.

Electronics/Instrumentation/RFID via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Eurotech Group / Eurotech S.p.A. / Company Profile


Read Electronics/Instrumentation/RFID Most Recent Related Newswires:

Frost & Sullivan Highlights Copper Mountain Technologies for its Robust USB VNA Solution
Mentor Announces First Annual FloTHERM Award for Electronics Thermal Design Excellence
SpacePole, Inc. Signs North American Distribution Agreement with BlueStar At the RetailNOW Trade Show
Mentor Announces Agenda, Keynotes and New Location for IESF Automotive 2017
Yokogawa Releases FieldMate® R3.03 Versatile Device Management Wizard
NI Announces New PXI Remote Control and Bus Extension Modules for High-Throughput Applications
Hungarian Ministry of Agriculture Selects Bruker NMR FoodScreener® for Authentication and Identification of Hungarian Wines
Bruker Introduces Software Package for Layer Analysis with XTrace Micro-XRF on Electron Microscopes
Global Unichip Achieves SGS-TUV ISO26262 Certification
NI Announces Industry’s First Remote Control Solution for PXI Systems with Thunderbolt™ 3
Bruker Announces Updated D2 PHASERTM Benchtop X-ray Diffraction (XRD) System with LYNXEYE XE-TTM One-dimensional Detector
Hitachi Joins Maker Faire Detroit with Sponsorship, Exhibit and Recruiting Drive
Curtiss-Wright Among First Aerospace COTS Vendors to Meet New AS9100 rev D Aerospace Supplier Standard
Mentor Supports Xilinx Zynq UltraScale+ MPSoC Platform with Updated Embedded Platform Release
NI Announces Multiple Antenna UE Support for its MIMO Application Framework to Further 5G Research

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  MagLar, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)