.jfif)
02/22/2024
Ariston Thermo announces 2015 results
Fabriano (Italy), 13th April 2016 – In 2015, the Group achieved € 1,433 million revenues, with a +6.8% increase, adjusted EBITDA increased by +13% amounting to € 174 million (from 11.5% to 12.1% of total revenues) and an adjusted EBIT improvement amounting to 12.8% and recording € 132 million (margins on revenues increased from 8.7% to 9.2%). Net profits amounted to € 80 million, +9.6%.
As at the closing of the financial year, net financial position was € 7 million positive, decreasing from the € 23 million of 2014, mainly due to acquisitions and investments. Investments and R&D spending amounted to € 72 million, up more than +18% with respect to the prior year (€ 61 million in 2014).
During 2015, Ariston Thermo has completed two important acquisitions in Europe, strengthening the Group’s presence in the continent: in April, Ariston Thermo acquired in Denmark 100% of the share capital of Gastech-Energi A/S, a company with 150 employees and annual sales of about € 26 million, while in July joined the group SPM, a French manufacturer specialized in burners’ production.
In addition to mature markets, during 2015 Ariston Thermo continued to grow and to invest also in fast-developing countries: in Indonesia, where the Group has established a direct presence with the aim of meeting the local need for high-quality water-heaters by launching a new range of highly efficient products, and in Russia, where the Group celebrated its 20th anniversary and inaugurated a new 10,000 m2 logistics hub.
For 2016, Ariston Thermo has the ambition of continuing to grow at global level, both in mature and in fast-growing markets, through products and solutions more and more efficient, more connected and environmental friendly.
“2015 was another year of growth for Ariston Thermo, all the indicators improved and we also accomplished some strategic moves in order to widen our presence on the market” – commented Paolo Merloni, Ariston Thermo Executive Chairman – “We are strongly committed to continue along our growth path in the coming years, and the main development drivers will be product innovation, the continuous improvement of our operations and the investment on our brands and on our people, which are the main strength of the Group. Thanks to them, Ariston Thermo will continue to grow and will help to improve clients’ quality of life and to protect the environment”.
02/22/2024