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SAME DEUTZ-FAHR: 2013 RESULTS
14.05.14

SAME DEUTZ-FAHR: 2013 RESULTS

2013 TURNOVER AT € 1,211.9 MILLION: 2% GROWTH; INCREASED PROFITABILITY: EBITDA 9.2% AT € 111.3 MILLION, EBIT 6.9% AT € 83 MILLION; POSITIVE NET FINANCIAL POSITION AT € 24.3 MILLION.

SAME DEUTZ-FAHR ends its financial year with a turnover of € 1,211.9 million, growing by 2% over last year, thanks to the positive contribution of non-European markets and the introduction of new products in the high power segment in Europe.

Profitability has increased, with EBITDA amounting to € 111.3 million (+11.9%) and EBIT at € 83 million (+15.4%). The net profit is rising considerably, having reached € 60.6 million (+21%).
Investments grow by 39.5% at € 67.3 million, mainly due to the internationalisation process, and a renewed product range gaining wider appeal across all markets. As far as debt, the net financial position is positive at € 24.3 million, improving by € 37.7 million. The exact number of personnel in service as of 31.12.2013 is 2,946 employees, increasing by 104 people compared to the previous year.

CEO Lodovico Bussolati: "We are satisfied with the results achieved in 2013, both in terms of margin and profitability as well as financial robustness. This is the initial effects of the strategy of internationalisation, which, thanks to further acceleration in the past few years and the introduction of new products has kept sales up in all markets. Investments in innovation, safety on the job, internationalisation and product quality are an integral part of our management and constitute the building blocks of our strategic development".

 

Results as of 31.12.2013

(Million euros)

2013

2012

Variaz.


Turnover


1,211.9


1,187.8


+2.0%


EBITDA

% of the turnover


111.3

9.2%


99.5

8.4%


+11.9%


EBIT

%  of the turnover


83.0

6.9%


71.9

6.1%


+15.4%


Net profit

%  of the turnover


60.6

5.0%


50.1

4.2%


+21.0%



Net financial position


31.12.13


24.3


31.12.12


(13.4)

 

+37.7