Main indicators
The tables contained in the PDF include adjusted data and performance indicators not expressly provided for by IFRS international accounting standards.
| Balance sheet | 31/12/2020 | 31/12/2019 | Diff | Diff% |
|---|
| Net capital employed | 270,016 | 227,531 | 42,485 | 18.7% |
| Shareholders’ Equity | 153,221 | 147,566 | 5,655 | 3.8% |
| Net Financial Position | (115,751) | (78,397) | (37,372) | 47.7% |
| Net trade working capital | 49,817 | 34,971 | 14,846 | 42.5% |
| | | | |
| Financial Liabilities for Warrant | (1045) | (1567) | 1,461 | -48.2% |
| Composition of the net capital employed | 31/12/2020 | 31/12/2019 |
|---|
| Intangible assets | 150,639 | 137,263 |
| Property, plant and equipment | 90,228 | 79,317 |
| Financial assets | 326 | 54 |
| Non-current financial assets | 2,282 | 1,531 |
| Fixed assets (A) | 243,475 | 218,165 |
| Inventories | 56,502 | 51,126 |
| Trade receivables | 65,518 | 57,176 |
| Trade payables | (72,203) | (73,331) |
| Net trade working capital (B) | 49,817 | 34,971 |
| Other current assets, liabilities and taxes (C) | (2,515) | (4,055) |
| Net Working Capital (B+C) | 47302 | 30916 |
| other non current liabilities, assets and provisions (D) | (20,761) | (21,550) |
| Net capital employed (A+B+C+D) | 270,016 | 227,531 |
| Summary of the net financial position items | 31/12/2020 | 31/12/2019 |
|---|
| Cash and cash equivalents | (42,328) | (34,064) |
| Other current financial assets | (1,032) | (23) |
| Short term loans and borrowings | 46,614 | 19,730 |
| Other current financial liabilities and derivative financial instruments | 4,928 | 3,588 |
| Medium/long-term loans and borrowings | 91,934 | 85,029 |
| Other non-current financial liabilities and derivative financial instruments | 15,634 | 4,138 |
| Net financial position | 115,750 | 78,397 |
| Summary of net trade working capital items | 31/12/2020 | 31/12/2019 |
|---|
| Inventories | 56,502 | 51,126 |
| Trade receivables | 65,518 | 57,176 |
| Trade payables | (72,203) | (73,331) |
| Net trade working capital | 49,817 | 34,971 |
| Key performance indicators | 31/12/2020 | 31/12/2019 |
|---|
| ROIC* | 16.5% | 21.2% |
| Net trade working capital / Revenues | 15.5% | 9.9% |
| Net financial position / Shareholders’ equity | 0.76 | 0.53 |
| Net financial position / Adjusted EBITDA | 2.60 | 1.62 |
*
ROIC is the ratio between Adjusted EBITDA and Capital Employed at year-end.
