Financial Statement

Another year of growth for Cefla. The group’s turnover increases to over 560 million euro with an Ebitda margin of nearly 9% and a net income of over 30 million euro.

The Cefla group didn’t take a back seat, on the contrary. Each of the company’s Business Units acquired important contracts and at the same time continued with a strategy of investment and internal reorganisation aimed at being in the best possible position to face the challenges of the present day and of the future.

The results of the Medical Equipment and Finishing Business Units in particular reached record values both in terms of volumes and profitability. The contribution of the Engineering BU (formerly Plant Solutions) was also significant and the newly formed Lighting BU’s performance was extremely promising.

2018 was a particularly critical year for the Shopfitting BU, due to changes in the world of retail. A series of initiatives were set up however, with the aim of improving operational efficiency, increasing competitiveness in the main international markets and to guarantee economic and financial stability.

Most of the aims established at the beginning of the year have been reached and surpassed thanks to constructive discussions between shareholders, employees and managers and to the participation of everyone present within the company

PROFIT AND LOSS

Turnover

2018: 559,155 M €
2017: 550.151 M €
2016: 451.840 M €
2015: 436.971 M €
2014: 420.962 M €

EBITDA

2018: 49,711 M € (8,9%)
2017: 47,066 M € (8,6%)
2016: 46.819 M € (10,4%)
2015: 54.346 M € (12,4%)
2014: 37.415 M € (8,9%)

CONSOLIDATED BALANCE SHEET

Net Equity

2018: 238,493 M €
2017: 216,905 M €
2016: 240.786 M €
2015: 228.018 M €
2014: 214.355 M €

Net Financial Position

2018: 20,917 M €
2017: 12,668 M €
2016: 13.888 M €
2015: 3.765 M €
2014: 10.088 M €