Financial Statement

Cefla celebrates its 85th anniversary with a record-breaking financial statement and sales touching 468 million euro.

Cefla, 2016 a year of growth.

The positive trend continues, with the value of production exceeding 468 million.

Performance fuelled by investments in product and process innovation.

The Cefla shareholders’ meeting approved the 2016 financial statement, its best ever: an achievement that comes in the year of Cefla’s 85th anniversary. The figures even exceed those of the record-breaking 2015, confirming an upward trend begun five years ago.

Total sales touched 468 million euro (+5.5% compared to the previous year), with improved profitability leading to net profits of 17.5 million (+9.4% compared to 2015) despite high investment levels throughout the year. Employment levels also rose, with workforce numbers touching 1900, an increase of some 200 over the last three years.

“We’re delighted to be able to present this record-breaking financial statement on the 85th anniversary of our founding and look forward to the tough challenge of maintaining and improving on that performance in the future”, comments Cefla’s President, Gianmaria Balducci. “Cefla has a long history behind it. Today, it remains as dynamic and future-oriented as ever thanks to an unshakeable commitment to innovation and the sharing of know-how and research among our Business Units.”

 

PROFIT AND LOSS

Value of Production

2016: 468.388 M € (5,6%)
2015: 443.406 M € (5,8%)
2014: 418.950 M € (15,9%)
2013: 361.368 M € (5,3%)

EBITDA

2016: 46.819 M € (10%)
2015: 54.346 M € (12,3%)
2014: 37.415 M € (8,9%)
2013: 27.021 M € (7,5%)

EBIT

2016: 26.833 M € (5,7%)
2015: 27.177 M € (6,1%)
2014: 19.239 M € (4,6%)
2013: 11.927 M € (3,3%)

Net Result

2016: 17.483 M € (9,1%)
2015: 16.023 M € (65,2%)
2014: 9.699 M € (108,6%)
2013: 4.650 M € (7,6%)

CONSOLIDATED BALANCE SHEET

Net Fixed Assets

2016: 187.923 M €
2015: 183.393 M €
2014: 176.190 M €
2013: 176.584 M €

Net Working Capital

2016: 38.975 M € (8,3%)
2015: 40.860 M € (9%)
2014: 28.077 M € (6,4%)
2013: 38.346 M € (10,2%)

Net Equity

2016: 240.786 M €
2015: 228.016 M €
2014: 214.355 M €
2013: 211.326 M €

Net Financial Position

2016: 13.888 M €
2015: 3.765 M €
2014: 10.088 M €
2013: -3.605 M €