Financial Statement

Continuing growth for Cefla. Increased turnover with revenues in excess of 585 million, EBITDA margin grows toexceed 50 million.

The 2019 consolidated financial statements confirm a continuing positive yearly trend within the Cefla Group across its 5 Business Units (Engineering, Shopfitting, Finishing, MedicalEquipment and Lighting).

Despite the economic slowdown last year, the Imola-based Group has continued to develop, thanks to an investment strategy aimed at enhancing competitiveness in its reference markets.The Engineering BU, the Medical Equipment BU and the Finishing BU, consolidating and strengthening their 2018 results, have spearheaded the current growth trends which involve margins, EBITDA and EBIT figures.

The recently established Lighting BU has increased revenues while the Shopfitting BU has gone through a downturn in 2019; the Group has therefore launched actions aimed at reversing the current trend in its reference market.

PROFIT AND LOSS

Turnover

2019: 585.813 M €
2018: 559.155 M €
2017: 550.151 M €
2016: 451.840 M €
2015: 436.971 M €

EBITDA

2019: 50.808 M € (8,7%)
2018: 49.711 M € (8,9%)
2017: 47.066 M € (8,6%)
2016: 46.819 M € (10,4%)
2015: 54.346 M € (12,4%)

CONSOLIDATED BALANCE SHEET

Net Equity

2019: 254.205 M €
2018: 238.493 M €
2017: 216.905 M €
2016: 240.786 M €
2015: 228.018 M €

Net Financial Position

2019: 37.561 M €
2018: 21.991 M €
2017: 12.668 M €
2016: 13.888 M €
2015: 3.765 M €