Consolidated financial statements of the f. I. L. A
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- Bu səhifədəki naviqasiya:
- Organisational structure
- AT DECEMBER 31, 2016
- II - Directors Report Economic overview
- North America USA 1.20% 1.60% 0.10% 2.60% Canada 1.60% 1.20% 1.00% 1.00% Latin America
- Other Africa 6.40% 0.10% 4.80% 1.40% Australia 1.30% 2.90% Source: International Monetary Fund, October 2016 2016
- Key Financial Highlights The F.I.L.A. Group key financial highlights for 2016 are reported below. Euro thousands December 2016
- NORMALISED
- Euro thousands Cash Flow from operating activities Investments % core business revenue Euro thousands of which
- December 31, 2016 December 31, 2015 Change 2016 - 2015 12,446 7,625 4,821 41,696 292 41,404 Change
Consolidated Financial Statements of the F.I.L.A. Group Separate Financial Statements of F.I.L.A. S.p.A. 6 Organisational structure The F.I.L.A. S.p.A. organisational model is reported below. Consolidated Financial Statements of the F.I.L.A. Group Separate Financial Statements of F.I.L.A. S.p.A. 7 2016 DIRECTORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS OF THE F.I.L.A. GROUP AND THE SEPARATE FINANCIAL STATEMENTS OF F.I.L.A. S.p.A. AT DECEMBER 31, 2016 Consolidated Financial Statements of the F.I.L.A. Group Separate Financial Statements of F.I.L.A. S.p.A. 8 II - Directors' Report Economic overview 2016 featured moderate global economic growth, which was more vibrant in certain countries such as China and India. The F.I.L.A. Group markets experienced stable consumption levels, except for the pencils market which saw very strong growth. The Group again in 2016 grew market share, thanks also to the acquisitions of the Daler-Rowney Lukas Group and Canson, which have strengthened distribution capacity. The inflation and GDP figures for the main countries in which the F.I.L.A. Group companies operate are reported below: Country Inflation GDP Inflation GDP Eurozone Italy -0.10% 0.80% 0.20% 0.80% Spain -0.30% 3.10% -0.30% 3.10% Portugal 0.70% 1.00% Greece -0.10% 0.10% -0.40% -2.30% France 0.30% 1.30% 0.10% 1.20% Turkey 8.40% 3.30% 7.40% 3.00% Germany 0.40% 1.70% 0.20% 1.50% Poland -0.60% 3.10% -0.80% 3.50% Sweden 1.10% 3.60% 0.50% 2.80% North America USA 1.20% 1.60% 0.10% 2.60% Canada 1.60% 1.20% 1.00% 1.00% Latin America Mexico 2.80% 2.10% 2.80% 2.30% Chile 4.00% 1.70% 4.40% 2.30% Argentina n.a. -1.80% 16.80% 0.40% BRICs China 2.10% 6.60% 1.50% 6.80% India 5.50% 7.60% 5.40% 7.30% Brazil 9.00% -3.30% 8.90% -3.00% Russia 7.20% -0.80% 15.80% -3.80% Other Africa 6.40% 0.10% 4.80% 1.40% Australia 1.30% 2.90% Source: International Monetary Fund, October 2016 2016 2015 Consolidated Financial Statements of the F.I.L.A. Group Separate Financial Statements of F.I.L.A. S.p.A. 9 Key Financial Highlights The F.I.L.A. Group key financial highlights for 2016 are reported below. Euro thousands December 2016 % core busines s revenue December 2015 % core busines s revenue of which: D&R Group (1) of which: Canson (1) of which: Writefine (1)(5) of which: Pioneer (1) of which: St. Cuthberts (1) Core Business Revenue 422,609 100.0% 275,333 100.0% 147,276 53.5% 72,595 21,353 37,168 602 1,611 EBITDA (3) 56,824 13.4% 41,780 15.2% 15,044 36.0% 6,591 (176) 5,535 6 566 EBIT 41,086 9.7% 33,999 12.3% 7,088 20.8% 2,546 (1,090) 1,560 (45) 401 Net financial charges (5,780) -1.4% (42,166) -15.3% 36,386 86.3% (980) 748 (173) (52) (18) Total income taxes (13,334) -3.2% (8,286) -3.0% (5,048) -60.9% 418 (36) (841) 10 (73) F.I.L.A. Group Net Profit/(loss) 20,993 5.0% (16,663) -6.1% 37,657 226.0% 1,984 (378) 278 (23) 310 Earnings per share (€ cents) basic 0.51 (0.49) diluted 0.50 (0.49) NORMALISED - Euro thousands December 2016 % core busines s revenue December 2015 % core busines s revenue of which: D&R Group (1) of which: Canson (1) of which: Writefine (1)(2) of which: Pioneer (1) of which: St. Cuthberts (1) Core Business Revenue 422,609 100.0% 275,333 100.0% 147,276 53.5% 72,595 21,353 37,168 602 1,611 EBITDA (3) 67,222 15.9% 47,622 17.3% 19,600 41.2% 7,829 696 5,557 6 566 EBIT 51,484 12.2% 39,841 14.5% 11,643 29.2% 3,784 (219) 1,582 (45) 401 Net financial charges (6,062) -1.4% (4,733) -1.7% (1,329) -28.1% (980) 748 (173) (52) (18) Total income taxes (16,211) -3.8% (10,110) -3.7% (6,101) -60.3% 678 246 (841) 10 (73) F.I.L.A. Group Net Profit 28,225 6.7% 24,788 9.0% 3,437 13.9% 2,962 212 286 (23) 310 Earnings per share (€ cents) basic 0.69 0.73 diluted 0.67 0.67 Euro thousands Cash Flow from operating activities Investments % core business revenue Euro thousands of which: D&R Group of which: Canson of which: Pioneer of which: St. Cuthbert Net capital employed 97,059 57,153 1,022 4,852 Net Financial Instruments - - - - Net Financial Position (4) (582) (29,298) (736) 470 Equity (96,477) (27,855) (287) (5,322) (1) “Core Business Revenue" and “Net financial charges" are reported net of Intercompany transactions (2) The figures are adjusted in terms of the normalisations required relating to companies subject to deconsolidation (3) The Gross Operating Margin (EBITDA) corresponds to the operating result before amortisation and depreciation and write-downs; (4) Indicator of the net financial structure, calculated as the aggregate of the current and non-current financial debt, net of cash and cash equivalents and current financial assets and loans provided to third parties classified as non-current asset. The net financial position as per CONSOB Communication DEM/6064293 of July 28, 2006 excludes non-current financial assets. The non-current financial assets of the F.I.L.A. Group at December 31, 2016 amount to Euro 3,247 thousand, of which Euro 355 thousand included in the calculation of the net financial position; therefore the F.I.L.A. Group financial indicator does not equate, for this amount, with the net financial position as defined in the above-mentioned Consob communication. For (5) The income statement figures for Writefine Products Private Limited (India) concern 10 months of operations and are not considered for like-for-like scope analysis as in 2015 consolidated only from November 1, 2015. (223,437) (38,744) (184,693) (238,970) (211,727) (27,243) 462,407 271,975 190,432 - (21,504) 21,504 2.9% 2.8% December 31, 2016 December 31, 2015 Change 2016 - 2015 12,446 7,625 4,821 41,696 292 41,404 Change 2016 - 2015 Change 2016 - 2015 December 31, 2016 December 31, 2015 Change 2016 - 2015 Yüklə 7,21 Kb. Dostları ilə paylaş:
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