Brief: Landi Renzo says Itaca Equity Holding Will Acquire A Minority Stake, And Landi Family Will Keep A Controlling Interest In Group

Landi Renzo SpA

15/03/2022 20:52

March 15 (Reuters) - Landi Renzo SpA  LR.MI :
    * ITACA EQUITY HOLDING  WILL ACQUIRE A MINORITY STAKE, AND
LANDI
FAMILY WILL KEEP A CONTROLLING INTEREST IN GROUP
    * LANDI FAMILY WILL KEEP A CONTROLLING INTEREST IN GROUP
CAPITAL
INCREASE UP TO A MAXIMUM OF EUR 60 MILLION APPROVED
    * FY2021 ADJUSTED EBITDA WAS EUR 14.6 MILLION, NEARLY TWICE
AMOUNT
AT DECEMBER 31, 2020 (EUR 8 MILLION)
    * FY 2021 CONSOLIDATED REVENUES AMOUNTED TO EUR 242 MILLION,
UP
COMPARED TO SAME PERIOD OF PREVIOUS YEAR (EUR 142.5 MILLION)
    * FY NET RESULT POSITIVE FOR EUR 545 THOUSAND, COMPARED TO A
LOSS
OF EUR 7.8 MILLION AT DECEMBER 31, 2020

Source text for Eikon:  ID:nBIA4YXLWD 
Further company coverage:  LR.MI 

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