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Boero Group: 2016 Annual results

The Board of Directors of Boero Bartolomeo S.p.A., holding of the Boero Group, approved the 2016 results: consolidated revenues came to 85.4 million euro (90.3 million in 2015); EBIT reported 1.9 million euro (2.6 million euro in 2015); net income was at 159,000 euro (833,000 euro in 2015). The positive result of 2016 was affected by the performance of the subsidiary Immobiliare Genova MolassanaNuova, active in real estate, which reported a net loss at a consolidated level of approximately 701,000 euro, related to the costs incurred for the sale of lots 2 and 4 of the Genova-Molassana area, that occured in the second half of 2016. The net financial position of the Group showed a significant improvement at the end of 2016, reporting -20.9 million euro (-31.1 million euro on 31/12/2015). A dividend of 0,13 euro per share will be proposed at the Annual Shareholders’ Meeting, in line with the one of 2015. For further info (only Italian):