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!

The Board Approves the Draft Statutory and Consolidated Financial Statements for FY2010 - The Board of Directors of Eurotech S.p.A. reviewed and approved the draft Statutory and Consolidated Financial Statements as at 31 December 2010, which will be submitted to the Ordinary Shareholders’ Meeting
The Board Approves the Draft Statutory and Consolidated Financial Statements for FY2010

 

NewswireToday - /newswire/ - Amaro, Italy, 2011/03/15 - The Board of Directors of Eurotech S.p.A. reviewed and approved the draft Statutory and Consolidated Financial Statements as at 31 December 2010, which will be submitted to the Ordinary Shareholders’ Meeting.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Computer Hardware/Storage Announcements

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


 

- Consolidated revenues: from € 83.53 million to € 99.27 million, +18.8%
- Consolidated gross profit: from € 42.97 million to € 50.41 million
- Consolidated EBITDA: from € 1.29 million to € 7.39 million
- Consolidated EBIT: from € -6.63 million to € -0.74 million
- Consolidated pre-tax profit (loss): from € -8.99 million to € -3.81 million
- Group net profit (loss): from € -9.60 million to € -6.08 million
- Net financial debt: € -8.64 million
- Group shareholders’ equity: € 131.52 million
- Eurotech S.p.A.: net profit (loss) from € -9.22 million to € -0.52 million

The Group’s consolidated revenues grew by 18.8%, increasing by € 15.74 million to € 99.27 million vs. € 83.53 million in 2009. The increase, which had already emerged during the financial year (FY), confirms sales recovery after a 2009 featuring, for the first time in the Eurotech Group’s history, a decrease of business turnover, due to the global economic situation. Although it cannot be certain that all the effects of the adverse economic situation were played out in 2010, the Group has seen signs of recovery in all the various geographical areas where it operates.

Gross margin amounted to € 50.41 million and, during the various quarters of FY2010, remained in line with management’s budget projections, reaching a margin of 50.8% on sales at year-end, slightly lower than the 51.4% of 2009 but in any case well above the 50% that is the target level of Eurotech’s business model. Some minor fluctuations of gross profit margin are natural and depend on the mix of products sold, which feature different margins depending on type, application sectors and outlet markets. In addition, gross profit margin is still feeling the effects of the ongoing shortage of electronic components (chips) characterizing the global electronics market.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Computer Hardware/Storage 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
Computer Hardware/Storage articles,
CATCH Visitors via Your Competitors Announcements!


The Board Approves the Draft Statutory and Consolidated Financial Statements for FY2010

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 485411 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.

Computer Hardware/Storage 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 Computer Hardware/Storage Most Recent Related Newswires:

ATEN Launches New 32x32 Modular Matrix Switch Solution
Atlona Launches New Program for Education Market
Eurotech Receives 2016 IoT Excellence Award
Moxa Launches 18-Slot Rackmount Chassis Media Converter for High Port-Density Applications
ATEN Partners with Leading Brazil AV Distributor Discabos Group
Eurotech and Vintech Partner Up to Provide Industrial IoT and Smart City Solutions in India
Eurotech Announces Comtrade Digital Services as A System Integrator for its IoT Solutions
Korenix Introduces NEMA-TS2 Industrial L3 Managed PoE Switch for IP Surveillance Market
ATEN Introduces Industry-First 4K Dual-View Thunderbolt™ 2 Sharing Device
Eurotech Adds Two New Products to its Family of Fanless and Rugged COM Express Modules and Announces the Development of A New i.MX6 Based SBC
Eurotech Reveals New Products Based on Intel® Core™ Processors for Demanding High Performance and Graphics Embedded Solutions
Korenix Aimed its New 802.11ac Industrial Wireless AP at Harsh Industrial & Outdoor Applications
Frost & Sullivan Commends Dell’s Dominance of the Embedded PC Market, Born of its Exceptional Embedded Box PC 3000 and 5000 Series
Atlona Adds Almo Professional A/V to Growing North America Dealer and Distributor Network
Moxa Introduces High I/O Density Rackmount Computers for Efficient Data Processing on the Industrial IoT

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  MagLar, Inc.

Visit  NAKIVO, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free 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)