A positive interim financial report

In October, the Salcef Group Board of Directors approved the half-yearly report consolidated on 30th June 2019.

 

In the first six months of 2019, Salcef’s Value of Production saw figures equivalent to the previous year, in line with what was expected, of 154.6 million euro (155 million in 2018).

There are many increases: consolidated EBITDA, consolidated EBIT and net profit have all risen compared to the same period in 2018.

The Salcef Group CEO has expressed satisfaction with the results, underlining how this positive trend is the result of an expansion plan through acquisitions, with the aim of achieving an even stronger international position.

Over the previous year the company was involved in numerous initiatives to increase its growth and development: from acquiring the Italian Coget Impianti S.p.A. company, a leader in railway electrification and electric power transmission and distribution systems, to a business combination with Industrial Stars of Italy 3, which will lead to listing on AIM Italia and a consistent growth in capital.