Marchi Industriale s.p.a.


Income statement Marchi Industriale (€/M) FY  FY  FY 
2016 2015 2014
Value of Production 33,56 33,49 32,19
Operating Costs -25,34 -26,12 -25,13
EBITDA  8,22 7,37 7,06
EBITDA % 24,5% 22,0% 21,9%
Depreciation and impairment ante reassessment L. 147/2013 -2,42 -3,03 -3,64
Depreciation and impairment post reassessment L. 147/2013 -1,73 1,21 -0,64
EBIT  4,08 3,14 2,77
EBIT % 12,1% 9,4% 8,6%
Charges and income from equity investments -0,42 0,24 1,75
EBIT 3,65 3,38 4,52
EBIT % 10,9% 10,1% 14,1%
Financial charges and income 0,13 0,09 -0,07
Extraordinary charges and income 0,00 0,03 0,02
Income Before Tax   3,78 3,51 4,47
Tax  on business -1,28 -0,98 -0,96
Net Income 2,50 2,53 3,50
Net Income % 7,4% 7,5% 10,9%
* margin expansion     


Marchi Industriale Balance sheet FY  FY  FY 
(€/M) 2016 2015 2014
INVESTED CAPITAL
Assets in operation BU basic chemistry 11,68 15,38 16,44
Construction in progress and advances BU basic chemistry 1,05 0,12 0,37
Investments- Agrimont srl 0,37 0,79 0,69
Marchi Energia srl - Equity investments 0,19 0,19 0,19
Financing Marchi Energia srl 0,95 -0,03 -0,42
Heliopolis Energia SpA - Equity investments 0,50 0,50 0,00
Efesto Energy - Investment fund shares 8,22 8,22 8,22
Net Working Capital   13,88 11,16 10,95
Other Funds  -1,24 -1,33 -1,36
Net Invested Capital 35,59 35,00 35,08
SOURCES OF FINANCING
Shareholders ' equity 37,47 36,37 35,25
(a) Net Financial Position from infragroup fundings  2,00 2,00 2,00
Funding from connected 2,00 2,00 2,00
(b) Net Financial Position from bank debt  -3,87 -3,37 -2,17
Short-term  Net Financial Position -3,87 -3,37 -2,17
Own Funds and Net Financial Indebtedness 35,59 35,00 35,08


2016: Current NFP  
(€/M)
Others loans -2,00
Banks for short-term financial debts -9,37
Banks trade Payables -0,97
C/C corrispondence Marchi  0,10
Banks current accounts, policies, cash and cheques  14,12
Short-term  Net Financial Position 1,87


Marchi Industriale Cash Flow Statement   
(€/M)  
A. NET FINANCIAL POSITION AT BEGINNING OF PERIOD  1,37
B. CASH FLOW GENERATED (ABSORBED) BY OPERATING ACTIVITIES  7,05
Net income for the period 2,50
Amortization and depreciaton 4,57
(Gains) and losses on investments -0,02
C. CASH FLOW GENERATED (ABSORBED) BY CHANGES IN NET WORKING    CAPITAL -2,81
D. CASH FLOW GENERATED (ABSORBED) BY INVESTING ACTIVITIES -2,34
E. CASH FLOW GENERATED (ABSORBED) BY FINANCIAL ACTIVITIES -1,40
F. NET CASH FLOW FOR THE PERIOD (B + C + D + E) 0,50
G. CLOSING CURRENT NET FINANCIAL POSITION 1,87