Main indicators

The tables contained in the PDF include adjusted data and performance indicators not expressly provided for by IFRS international accounting standards.

Balance sheet31/12/202031/12/2019DiffDiff%
Net capital employed270,016227,53142,48518.7%
Shareholders’ Equity153,221147,5665,6553.8%
Net Financial Position(115,751)(78,397)(37,372)47.7%
Net trade working capital49,81734,97114,84642.5%
Financial Liabilities for Warrant(1045)(1567)1,461-48.2%
Composition of the net capital employed31/12/202031/12/2019
Intangible assets150,639137,263
Property, plant and equipment90,22879,317
Financial assets32654
Non-current financial assets2,2821,531
Fixed assets (A)243,475218,165
Inventories56,50251,126
Trade receivables65,51857,176
Trade payables(72,203)(73,331)
Net trade working capital (B)49,81734,971
Other current assets, liabilities and taxes (C) (2,515) (4,055)
Net Working Capital (B+C) 4730230916
other non current liabilities, assets and provisions (D)(20,761)(21,550)
Net capital employed (A+B+C+D)270,016227,531
Summary of the net financial position items31/12/202031/12/2019
Cash and cash equivalents(42,328)(34,064)
Other current financial assets(1,032)(23)
Short term loans and borrowings46,61419,730
Other current financial liabilities and derivative financial instruments4,9283,588
Medium/long-term loans and borrowings91,93485,029
Other non-current financial liabilities and derivative financial instruments15,6344,138
Net financial position115,75078,397
Summary of net trade working capital items 31/12/202031/12/2019
Inventories56,50251,126
Trade receivables65,51857,176
Trade payables(72,203)(73,331)
Net trade working capital49,81734,971
Key performance indicators31/12/202031/12/2019
ROIC*16.5%21.2%
Net trade working capital / Revenues15.5%9.9%
Net financial position / Shareholders’ equity0.760.53
Net financial position / Adjusted EBITDA2.601.62
* ROIC is the ratio between Adjusted EBITDA and Capital Employed at year-end.