Manes e le oscure tRAME del signore del ReAME 2

Venduti ultimi 1,21 ettari di maremmmmmma

7 anni

Molto meglio la borsa

Salut
 
Germania: produzione industriale a settembre -1,8% m/m, -1,2% a/a

Finanzaonline.com - 7.11.12/12:13

La produzione industriale in Germania ha registrato a settembre un calo dell'1,8% rispetto ad agosto e dell'1,2% su base annuale. Il dato è peggiore delle attese. Gli analisti infatti avevano pronosticato una contrazione mensile dello 0,7% e un progresso annuale dello 0,1%.

Fonte: Finanza.com :'(:'(:'(:)

oscillano secondo locomotiva cinese, al prox trim ripartono

Unico stato serio d'Europa.....

Altro che eurobaggianatebond
 
risparmio molto deboli.... e già erano a prezzi bassi...

che si sappia già qualcosa sul futuro dividendo??
 
oggi i dati:). tempi difficili. pane secco per tutti:rolleyes:
 
KME GROUP - The Board of Directors reviewed the performance of the Group's operation at September 30, 2012

13/11/2012 16:08 RSF

KME Group S.p.A.


PRESS RELEASE

THE BOARD OF DIRECTORS REVIEWED THE PERFORMANCE
OF THE GROUP'S OPERATION AT SEPTEMBER 30, 2012
CONSOLIDATED REVENUE FOR THE FIRST NINE MONTHS TOTALS 1,982.5 MILLION EUROS;
547.5 MILLION EUROS NET OF THE VALUE OF RAW MATERIALS
(614.8 MILLION EUROS AT SEPTEMBER 30, 2011)
POSITIVE EFFECT OF PRICING CHANGES; SALES VOLUMES DECLINE

EBITDA TOTAL 37.7 MILLION EUROS
(75.5 MILLION EUROS AT SEPTEMBER 30, 2011)

CONSOLIDATED NET LOSS OF 35.7 MILLION EUROS AFTER 16.9 MILLION EUROS IN
CHARGES FOR RESTRUCTURING PLANS AND 3.4 MILLION EUROS IN LOSSES OF
INVESTEE COMPANIESCONSOLIDATED BY THE EQUITY METHOD

OPERATING NET DEBT AMOUNTS TO 228.3 MILLION EUROS,
UNCHANGED COMPARED WITH THE LEVEL AT JUNE 30, 2012

SHAREHOLDERS' EQUITY TOTALS 349.1 MILLION EUROS
Florence, November 13, 2012 - The Board of Directors of KME Group S.p.A. reviewed and approved the Report on Operations and the condensed financial statements for the first nine months of 2012.

Overview of the Group's results in the first ninemonths of 2012
(in millions of Euros) 9 months 2012 9 months 2011
Revenue 1,982.5 2,323.6
Revenue (net of raw materials) 547.5614.8
EBITDA 37.7 75.5
EBIT 3.6 42.6
Profit before nonrecurring items (14.5) 30.9
Nonrecurringincome/(expense) (16.9) 4.0
Impact of IFRS measured inventories (0.3) 4.3
Losses of companies valued by equity method (3.4) (3.3)
Consolidated loss before taxesattributable to owners of Parent (35.7) 35.8
Reclassified net debt 228.3 (at 9/30/12)) 197.6 (at 12/31/11)
Participatory financial instruments 46.1 (at 9/30/12)) --- (at 12/31/11)
Shareholders' equity 349.1 (at 9/30/12)12) 431.0 (at 12/31/11)
KME Group S.p.A.

· Consolidated revenue totaled 1,982.5 millioneuros in the first nine months of 2012, down
14.7% compared with 2011, when it amounted to 2,323.6 million euros.

This decrease reflects the impact of a reduction in sales volumes (- 14.3%) and lower average raw
material prices. Net of thevalue of raw materials, the revenue amount shows a decreases of
10.9%, falling from 614.8 million euros to 547.5 million euro; a comparison with the trend in unit
sales shows the effect of higher prices and of a product mix with a greatervalue-added
component.

· EBITDA totaled 37.7 million euros at September 30, 2012, for a decrease of 50.0% compared
with the 75.5 million euros earned in the first nine months of 2011.

EBITDA for the third quarter of 2012 were lowerthan those reported in the previous two
quarters, confirming that the deterioration in profitability of recent months is continuing.

On a relative basis, the ratio of EBITDA to net revenue contracted from 12.3% in the first nine
months of2011 to 8% in the first half of 2012 and 6.9% in the first nine months of 2012.

· EBIT decreased to 3.6 million euros (42.6 million euros in 2011).

· The loss before nonrecurring items amounted to 14.5 million euros (profit of 30.9 millioneuros
at September 30, 2011).

· Net nonrecurring expense, which totaled 16.9 million euros, refers mainly to charges for
additional programs to restructure and streamline production units in the Copper Sector. The
benefits of theseprograms will be felt over the coming months.

· The after-tax effect of valuing raw material inventories and commitments at current prices, as
required by IFRS accounting principles, was negative by 0.3 million euros (positive by 4.3 million euros at September 30, 2011) due to the different prices of raw copper during the two
periods under comparison.

· The consolidated loss before taxes attributable to the owners of the Parent amounted to 35.7
million euros (profit of 35.8 million euros in 2011).

This amount is after losses from investee companies consolidated by the equity method totaling 3.4
million euros, which include 0.2 million euros for the Group's interest in the loss reported by
ErgyCapitalS.p.A., and 3.2 million euros for the Group's interest in the loss incurred by Cobra
A.T. S.p.A. in the first nine months of 2012.

· On the balance sheet side, the net financial position was negative by 275.0 million euros at
September 30, 2012 (negative by 197.6 million euros at the end of December 2011 and negative
by 229.1 million euros at June 30, 2012).

The rise in debt in the third quarter of 2012 is due exclusively to the issuance of participatory
financialinstruments with a carrying amount of 46.1 million euros, offered in exchange for the
common shares tendered in acceptance of the Public Exchange Offer launched in July 2012. Net
of this component, at September 30, 2012, the level of operatingnet debt was the same as the end
of June 2012.

· Consolidated shareholders' equity totaled 349.1 million euros at September 30, 2012 (431.0
million euros at December 31, 2011). This reduction reflects the utilization of available reserves
to cover the retirement of treasury shares tendered in acceptance of the Public Exchange Offer of
KME Group S.p.A.


July 2012, in exchange for which the Company issuedparticipatory debt financial instruments
with a carrying amount of 46.1 million euros.

· As for the business outlook, following a first half of the year that saw a continuation of the
decline in sales that started in the second half of2011 and a third quarter that further confirmed
this trend, the projections for the coming months provide no indication of an upturn. Therefore,
the operating result for the full year will be lower than in the previous year.

The adoption of programs to streamline the manufacturing and organizational structure, including
both completed and ongoing projects, will enable the Group to enhance its competitiveness,
which is a prerequisite for resuming the path towards better operatingresults when a more
favorable environment is reestablished in the various markets in which it operates.


***
Marco Miniati, the Corporate Accounting Documents Officer, acting pursuant to Article154 bis, Section 2, of the Uniform Financial Code (Legislative Decree No. 58/1998), declares that the accounting information contained in this press release on the results from operations at September 30, 2012 is consistent with the data in thesupporting documents and in the Company's books of accounts and other accounting records.

The interim report on operations, which was not audited, was prepared in accordance with international IFRS principles. This press release containsreclassifications of the income statement data and uses some alternative performance indicators that are not contemplated in the IFRS accounting principles. The meaning and content of these reclassifications and performance indicators is discussed in the Annexes.
 
E questi sono i termini della fusione deliberati oggi dai due cda
 
mah... che dite lo recuperano sto rosso in un trimestre?
 
Uffa! Non li riprendo più i miei soldi qua :(
 
Ben ritrovati,
Scegliete il nome che preferite

Basta che le quotazioni prendano un' altra direzione....

Buona pazienza a tutti
 
Non si gioca più col Meccano. Con le code polemiche sì. Ah, la vecchia Intek...
ci vorrebbe almeno un nuovo warrant, Enzino.


InteService è stata messa in liquidazione a fine ottobre 2012 e non si prevedono significativi costi di chiusura.
Anche la joint venture Meccano, destinata ad operare nel settore dei servizi finanziari alle imprese, è oggetto di un riassetto organizzativo in forza del quale l’azienda operativa verrà trasferita ad una newco, organizzata dal management ed altri investitori. Meccano verrà posta in liquidazione. I valori del credito derivante dalla cessione dell’azienda e dell’attivo residuo in capo a Meccano stessa consentono di mantenere inalterato il valore dell’investimento pari a Euro 0,6 Mln.


In riferimento all’operazione societaria in corso, si segnala che, con atto di citazione notificato a Intek in data 7 agosto 2012, alcuni soci di minoranza (titolari dello 0,199% del capitale sociale alla data dell’Assemblea straordinaria del 9 maggio 2012), hanno avviato un contenzioso nei confronti della Società impugnando le delibere assunte dall’Assemblea del 9 maggio 2012 relative alle operazioni di carattere straordinario riguardanti l’offerta pubblica di scambio volontaria su azioni ordinarie proprie e le operazioni di fusione di Quattrotretre in Intek e di questa ultima in KME Group, nonché chiedendo la condanna della Società al risarcimento del danno. Intek ritiene che le domande formulate dalle controparti siano tutte infondate e che, pertanto, le domande residuali di risarcimento del danno (non quantificato negli atti di citazione) non saranno accolte. Peraltro, anche nell’ipotesi in cui tali soci dovessero insistere nella pretesa risarcitoria e tale pretesa dovesse essere accolta, Intek ritiene che l’accoglimento delle domande non determinerebbe effetti pregiudizievoli rilevanti sulla situazione patrimoniale, economica e
 
Ultima modifica:
Indietro