Danieli released its FY14/15 results. Revenues reached €2,765.9m (-6%), EBITDA €250.5m (-19%), EBIT €150.2m (-29%) and the net result (group share) €161.8m (+5%). Net cash at the end of the year reached €956m (vs €844.3m a year before) and the order book €3,155m (+2% yoy and +15% sequentially). The company will cut its dividend to €0.10 (vs €0.30 last year), reducing its pay-out from 13-15% historically to a mere 5%.
25 Sep 2015
FY14/15 in line. Dividend cut and no outlook (yet) released for 2015/16
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FY14/15 in line. Dividend cut and no outlook (yet) released for 2015/16
Danieli & C. Officine Meccaniche S.p.A. (0APM:LON) | 1,771 0 0.0% | Mkt Cap: 1,440m
- Published:
25 Sep 2015 -
Author:
Fabrice Farigoule -
Pages:
2
Danieli released its FY14/15 results. Revenues reached €2,765.9m (-6%), EBITDA €250.5m (-19%), EBIT €150.2m (-29%) and the net result (group share) €161.8m (+5%). Net cash at the end of the year reached €956m (vs €844.3m a year before) and the order book €3,155m (+2% yoy and +15% sequentially). The company will cut its dividend to €0.10 (vs €0.30 last year), reducing its pay-out from 13-15% historically to a mere 5%.