THE BOARD OF DIRECTORS OF EDILIZIACROBATICA APPROVED
THE DRAFT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019
VALUE OF PRODUCTION, + 59.3% AT € 41.8M
EBITDA AT € 4.2M
NET PROFIT AT € 1M
– Production Value at € 41.8 million, +59.3 YoY;
– EBITDA at € 4.2 million (EBITDA Margin at 10.1%);
– EBIT at € 2.3 million (EBIT Margin at 5.6%);
– Net profit at € 1 million;
– Negative Net Financial Position (NFP) (debt) of € 2.6 Million
Genoa, 27 March 2020 – The Board of Directors of EdiliziAcrobatica S.p.A. (“Company” or “EDAC“), a company specialized in outdoor maintenance and renovation of residential buildings and architectural structures through the double rope safety tool, listed on AIM Italia segment of the Italian Stock Exchange (EDAC ticker) and on Euronext Growth (ALEAC ticker), today under the chairmanship of Simonetta Simoni examined and approved the draft financial statements as at and for the year ended 31, December 2019, prepared in accordance with the AIM Italia Issuers Regulation and in compliance with Italian accounting standards.
Riccardo Iovino, CEO,Founder and Shareholder of EDAC, announced: “2019 was a year of great growth for EdiliziAcrobatica: a year that brought the Company to the Dual Listing on Euronext Growth (Pairs) in February. France, in general, is the country where we addressed our efforts of internationalization with the launch of the first branch and headquartes of EdiliziAcrobatica France in Perpignan, following the acquisition of ETAIR – Entreprise de Travaux Aériens et d’Interventions Rapides Méditerranée, a company specializing in renovation outdoor maintenance and renovation with double safety rope. Shortly after this first opening, we started the selection of commercial technicians in other cities of the Midi (Nice, Marseille and Toulouse), which were quickly put into full operational conditions. Our internationalization project keeps going, and this year we are working to expand our technique in other cities in France and Spain.
Due to of the current serious difficulties of the country for the Coronavirus pandemic, as EdiliziAcrobatica we took action with our strength and determination all necessary actions to guarantee the continuity of the business.
We have therefore immediately started the procedures for the launch of a new service dedicated to environmental sanitation, thus responding to the pressing requests of our customers, investing in the acquisition of machinery, detergents and safety devices for personnel.
I have always considered the difficulties I have encountered, as an entrepreneur, as a stimulus to grow and renew the Company: as an essential run-up to make a wider leap into the future. Today, EdiliziAcrobatica is, once again, intercepting the needs of the market to meet them efficiently and quickly. The responsibility that I feel as an entrepreneur, towards my employees and collaborators and their families, towards investors, as well as towards my country, is an ethical principle that has guided me since I founded EdiliziAcrobatica and from which I do not intend to escape even now.
EdiliziAcrobatica will continue to grow in this complex 2020, seizing every challenge with the determination to win it”.
Anna Marras, Shareholder of EdiliziAcrobatica and Director of all EDAC resources: “In 2019 EdiliziAcrobatica employed 800 human resources, including employees and collaborators. 800 people that we are committed to constantly training to support them in a path of growth, not only professional, but human. Our philosophy, the entrepreneurial ethics that distinguishes us, is based on the inclusion and support of each of the people who make up our Group. The figures, income statement, turnover and growth that distinguished 2019 are the result of a humanistic, financial strategy. Our strength, the most precious resource of EdiliziAcrobatica, are the men and women who make it up and who work every day sharing a Group’s objective: always focused on the growth, overcoming the results achieved. Each one of us feels personally involved, as a unique and irreplaceable human being, in the shared project of making our Acrobatic technology the most widespread building technology in the world”.
Viale Brigate Partigiane 18/2A
16129 Genova (GE)
Mob: +39 393 8911364
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