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02/22/2024
Ariston Thermo announces 2016 results
Ariston Thermo announces the Group’s 2016 results and, in this occasion, inaugurates Ariston Thermo Innovative Technologies, pole of excellence for the research and the development of cutting edge solutions in the thermic comfort industry.
In the financial year ended December 31, 2016, the Group recorded total revenues equal to € 1.43 billion, in line with 2015 despite the negative impact of exchange rates for about 2%; EBITDA adjusted at € 178 million, improved by +2.6%, with margins on revenues increasing from 12.1% to 12.5%; EBIT at € 128 million, improved by +8.8%, with margins on revenues increasing from 8.2% to 9.0%; and Net result at € 83 million, increased by 3.8% with respect to 2015. At the end of the financial year, the net financial position is positive for around € 30 million, increased of € 23 million from € 7 million in 2015, with the operating cash flow in line with the previous year.
In 2016, Ariston Thermo continued along its growth path at global level affirming itself both in mature and in emerging markets through the expansion of its international presence and the continuous investment in research and development that in 2016 amounted to € 69 million (€ 201 million in the 3-year period 2014-2016).
Innovation, since ever the core of the Group's growth strategy, assumes now a key role in the future development path towards which Ariston Thermo has decided to target increasing investments. In this sense, Ariston Thermo has inaugurated the new research and development centre Ariston Thermo Innovative Technologies. The pole is based in Agrate and spreads over 1,500 m2 with a capacity up to 100 people. Ariston Thermo Innovative Technologies originates from the willingness to invest significantly in the development of cutting edge solutions in the thermal comfort industry introducing on the market increasingly sustainable, efficient and connected products and systems.
In 2017, Ariston Thermo sets the goal to continue along its growth path at global level in the markets where the Group is already present, and by exploring new markets, with the intention to offer an even wider range of quality products and services to meet the local demand.
"2016 has laid solid bases for a new growth phase; the year ended with very positive results, the continuous improvement of our products, services and processes, and the strengthening of Ariston Thermo presence at international level" stated Paolo Merloni, Executive Chairman of Ariston Thermo. "In 2017 Ariston Thermo wants to grow further. People, innovation and efficiency are the pillars of the Group strategy and the development drivers in which to invest. In particular, our new pole of excellence Ariston Thermo Innovative Technologies will play a key role in the competitive positioning of the Group representing the heart of the research and the development for advanced technologies, consolidating the leadership of Ariston Thermo in the global thermic comfort market".
02/22/2024