Landi Renzo - preliminary results as at 30 June 2013
July 10 2013 - 2:31PM
Italian Regulatory (Text)
Press Release
10 July 2013
LANDI RENZO: preliminary results as at 30 June 2013
Cavriago (RE), 10 July 2013 Landi Renzo announces that, based on
the preliminary results which will be examined by Board of
Directors within law terms, 2013 first half revenues will be
approximately around 112 million euro. Several factors have
impacted on the market in certain geographical areas: Italy and
some European areas have been affected by the economic crisis;
extremely relevant geopolitical factors have produced adverse
effects on the sector in question in some markets in Asia and South
America. Stefano Landi, chairman and CEO of the Group, states that
"In spite of these difficult times, the market of alternative fuels
still provides good chances for the sector and the Group, as also
demonstrated by the investments Car Manufacturers are making and by
the increasing projects intended for the use of LPG/CNG for
transportation, which are being started in many Countries.
Actually, the Landi Group confirms its development strategies, both
in terms of important strategic investments, such as the new
Research centre, to be operational from the second half of 2013,
and of additional measures to increase efficiency." The Group,
therefore, expects to end 2013 with revenues ranging from 210 to
240 million euro, compared to the 280 million euro forecasted at
the beginning of the year, and with an EBITDA margin ranging from
3% to 6%, compared to the 10% forecasted at the beginning of the
year.
This press release is also available on the company's website
www.landi.it This press release is a translation. The Italian
version prevails
Landi Renzo is a world leader in the sector of components and LPG
and CNG fuel systems for motor vehicles. Based in Cavriago (Reggio
Emilia) and with more than 50 years' experience in the sector,
Landi Renzo is distinguished by the sustained growth of its
revenues and the extent of its international operations, with a
presence in over 50 Countries and exports accounting for around 70%
of the Company's sales. Landi Renzo S.p.A. has been listed in the
STAR segment of Borsa Italiana MTA market since June 2007. Landi
Renzo Pierpaolo Marziali M&A and Investor Relations Officer
ir@landi.it Corrado Storchi Public Affairs Manager
cstorchi@landi.it Tel. +39 0522.94.33 IR Top Consulting Maria
Antonietta Pireddu Tel. +39 02 45.47.38.84/3 ir@irtop.com SEC
Relazioni Pubbliche e Istituzionali Marco Fraquelli
fraquelli@secrp.it Daniele Pinosa pinosa@secrp.it Tel. +39
02.624999.1
1 www.landi.it
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