Financial Statement

Cefla 2017 financial statements: a five-year growth

Positive results in 2017. Value of production 20% higher than in 2016. Foreign markets performing well.

Cefla closes 2017 with an increase by +20% in the value of production over the previous year – confirming its growth trend for the fifth year in a row. The turnover figure, equal to 528 million euro, consolidates the contribution from foreign subsidiaries in strategic markets such as the United States, China and Russia – with an export percentage share of 54%.

The economic performance of Cefla, with a strong focus on cost containment, is matched by a solid financial position. Also the net financial position continues to be positive, net of over 20 million euro of investments.

2017 also saw the company enter into a preliminary Patent Box agreement with the national Revenue Authorities for a significant part of its portfolio, equal to over 600 intellectual property rights, patents, trademarks and designs. Cefla is one of 20 large-sized top companies in Italy to have obtained this acknowledgement of its constant commitment to Research and Development.

PROFIT AND LOSS

Turnover

2017: 527.926 M €
2016: 451.840 M €
2015: 436.971 M €
2014: 420.962 M €

EBITDA

2017: 48.579 M € (8,6%)
2016: 46.819 M € (10%)
2015: 54.346 M € (12,3%)
2014: 37.415 M € (8,9%)

CONSOLIDATED BALANCE SHEET

Net Equity

2017: 258.787 M €
2016: 240.786 M €
2015: 228.018 M €
2014: 214.355 M €

Net Financial Position

2017: 8.498 M €
2016: 13.888 M €
2015: 3.765 M €
2014: 10.088 M €