Brief: Caleffi FY 2014 EBITDA down to 0.6 million euros, plans capital increase

Caleffi SpA

25/03/2015 07:33

March 25(Reuters) - Caleffi SpA  CLFF.MI : 
    * Reported on Tuesday FY 2014 revenue of 52.1 million euros 
($56.93 million) versus 56.2 million euros in 2013 
    * FY 2014 EBITDA 0.6 million euros versus 3.3 million euros 
year ago  
    * FY 2014 net loss of 1.3 million euros versus net profit of 
0.6 million euros in 2013  
    * Said the board of directors will propose to shareholders 
to increase the share capital for a maximum of 10 million euros, 
to support growth; reference shareholders confirm membership 
subscription  
    * 2014 results were affected by 'the decline of the BRIC 
countries and the collapse of Russia, which not matched by a 
strengthening of western economies, while in Italy we were 
affected, as well as the economic, an unfavourable climatic 
condition during last quarter. These factors have led to results 
below our expectations', said CEO Guido Ferretti 
    * The company expects positive 2015, due to a favourable 
economic context with realistic prospects for growth of GDP and 
internal consumption, particularly in the second half of the 
year 
    * Said the drivers of growth will be mainly attributable to 
foreign markets, the luxury segment and the direct stores 
    * From 2016 company expects due to its new collaboration 
with Trussardi   
 
     
 Source text for Eikon:  ID:nBIA24328  
     
 Further company coverage:  CLFF.MI   
    
 
 
 
($1 = 0.9152 euros) 
 
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