MILANO (AIMnews.it) - The Board of Directors of Energica Motor Company approved the draft financial statements and the consolidated financial statements for the year ended December 31, 2017. Revenues from consolidated sales, equal to Euro 507.000, are down compared to 2016 ( Euro 800.000 in 2016) due to the delay in the implementation of a widespread charging network. The first quarter of 2018 showed an increase in orders in the portfolio over the entire 2017. Consolidated EBITDA amounted to Euro -3,676.000, against Euro -3,398.000 in 2016. EBIT amounted to Euro -5,497.000, against Euro -4,945.000 in 2016. Net profit is Euro -5,824.000 (Euro -4,024.000 in 2016). The current consolidated net financial position stood at € 1,013.000, against € -665.000 in 2016. The company approved a new plan that provides for an increase in sales of approximately € 4.0 million for 2018 and a positive EBITDA by 2020.