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Elettra Investimenti closes 2017 with tripled ebitda and profits of 4.45 mln

MILAN (AIMnews.it) - In 2017 Elettra Investimenti increased its production value by 48.7%, to € 47.03 million. Ebitda has tripled, rising from 3.9 to 11.8 million and net income increased from 0.6 to 4.45 million. "2017 was a decisive year for our company, in terms of results, commitment and strategy: the results approved in the 2017 consolidated financial statements confirm the development trend of Elettra Investimenti, underlining the impressive growth we had in just two years of listing - said Fabio Massimo Bombacci, president and CEO of Elettra Investimenti - The decision to invest in the energy efficiency sector and in the IoT has allowed us to define and consolidate the business area in which we intend to operate, make an important leap in both strategic and results quality, laying a solid foundation for further future growth. Today we are a national reality ready for new challenges and ready to deal with more demanding markets. "The net financial position is 4 million, net equity of 15.4 million. The Board will propose to the assembly, convened for April 27th, a dividend of € 0.40 per share, with an ex-dividend date of May 21st. "The group's strategy is to consolidate its presence both in the historical areas of activity and with B2B services to customers connected to an ever-increasing attention to monitoring services and management of data, as well as consumption profiles aimed at achieving energy efficiency targets and energy trading activities in order to manage the energy supply of its customers and therefore optimise production assets", concludes the company.

26/03/2018