PRESS RELEASE
Rozzano (MI), 27 Febraury 2015In conformity with the Consob requirement of 12 July 2013, pursuant to Art.114 of Legislative Decree no.58/98, Biancamano Spa hereby provides the following information relating to 31 January 2015.
a) Net financial position of Biancamano SpA and of the BIANCAMANO GROUP with the short-term components shown separately from medium-long term components.
Consolidated Net Financial Position Values expressed in thousands of euro | Consolidated 01/31/2015 | Consolidated 12/31/2014 |
A Cash B Cash equivalents C Securities held for trading D Cash and cash equivalents (A) + (B) + (C) E Current loans F Current bank payables G Current portion of non-current borrowings H Other current loans payable I Current loans payable (F) + (G) + (H) J Net current financial position (E) + (I) K Non-current bank payables L Bonds issued M Other non-current payables N Non-current financial position (K) + (L) + (M) | 42 1,687 - 1,729 1,752 (5,366) (18,416) (25,691) (49,473) (45,992) (50,691) - (18,617) (69,307) | 47 3,212 3,259 5,329 (5,497) (21,275) (26,715) (53,487) (44,899) (50,612) - (19,394) (70,005) |
O Net Financial Position (J) + (N) | (115,300) | (114,905) |
The negative consolidated Net Financial Position of Biancamano as of 31 January 2015 stood at Euro
115,300 thousand euro compared with 114,905 thousands euro as of 31 December 2014.
Biancamano Spa Sede Legale e Amministrativa: Strada 4, Palazzo Q6 - 20089 Milanofiori - Rozzano (MI) tel. +39 02 528682 1 - Fax +39 02 628682 253 info@gruppobiancamano.it - www.gruppobiancamano.it - Capitale Sociale € 1.700.000,00 i.v. - Registro Imprese MI/Cod. fisc e Partita IVA:01362020081.
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b) Past-due payables of Biancamano Spa and of the Biancamano Group, broken down by nature
(financial, trade, tax and social security) and any connected initiatives by the Group's creditors (payment reminders, payment orders, suspended deliveries, etc.).Past-due payables due
to third parties as at 01/31/2015
Classified by type
Values expressed in thousands of euro
Biancamano
Past due
Group
Past due
Trade payables | 1,196 | 35,835 |
Financial payables | 32 | 32 |
Social Security payables and employees | 856 | 14,462 |
Tax payables | 4,063 | 61,896 |
Total past-due payables due to third parties 6,148 112,225
The inevitable consequence of the Group financial stress was: the initiation by some trade partners of actions before the court aimed at collecting their receivables, for a total of approximately 66,058 thousand euro, including: 45,982 thousand euro which has already been settled, 13,428 thousand euro currently being settled and finally 6,648 thousand euro which was challenged.
c) Related party transactions of Biancamano Spa and of the Biancamano Group.
The following table illustrates related party transaction as of 31 January 2015:
Biancamano S.p.A. Values expressed in thousands of euro | |||||
Trade receivables | Financial receivables | Financial payables | Trade payables | Sales | Purchases |
Related parties
Aimeri Ambiente S.r.l. 6,695 - (1,785) (5,851) 492 (2) Immobiliare Riviera Srl - - - (18) - - Global Facility Service - - - (205) - - Pianeta Ambiente Società Coop per azioni - 5 - - - - Biancamano Utilities Srl - 7 - - - -
Totale 6,695 12 (1,785) (6,074) 492 (2)
Biancamano Spa Sede Legale e Amministrativa: Strada 4, Palazzo Q6 - 20089 Milanofiori - Rozzano (MI) tel. +39 02 528682 1 - Fax +39 02 628682 253 info@gruppobiancamano.it - www.gruppobiancamano.it - Capitale Sociale € 1.700.000,00 i.v. - Registro Imprese MI/Cod. fisc e Partita IVA:01362020081.
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Biancamano S.p.A. Values expressed in thousands of euro | Trade receivables | Other current assets | Trade payables | Financial receivables | Financial payables | Sales | Purchases |
Related parties
Global Facility Service - - (205) - - - - Immobiliare Riviera Srl 169 1,839 (1,123) - - - (44) Ambiente 33 s.c.a r.l. 322 - (331) - - - - Manutencoop Formula Pomezia S.c.a r.l. 85 - (245) - - - - Eco Imperia S.p.A. - 46 - - - - - Biancamano Holding SA - - - - (1,000) - -
Biancamano Utilities Srl - - - 32 - - -
Ambiente 2.0 Scarl - - - 116 - - - Pianeta Ambiente Società Coop per azioni - 59 - 5 - 15 -
Totale 575 1.944 (1.904) 153 (1.000) 15 (44)
STATEMENT OF THE MANAGER IN CHARGE
Pursuant to article 154-bis of the Italian Consolidated Finance Act., the manager responsible for drafting the corporate documents, Alessandra De Andreis, declares that the disclosure contained in this press release corresponds to the documentary results, books and accounting entries.
Biancamano is the main Italian private operator in Waste Management sector, leader in the Urban Cleaning integrated Services. The Group, through its subsidiary company Aimeri Ambiente, is specialized in planning, managing and controlling the complete cycle of the environmental operating services: from the collection and transportation of Municipal Waste, to the separate collection, to the streets sweeping and washing, and to the realization and management of the ecological platforms, on behalf of local public organizations and private operators. The Group furthermore manages disposal and storage plants. With about 2,000 employees, 2,900 vehicles and a GPS advanced control system, the Group is present throughout the national territory.
This press release is an English translation of the original Italian document.
This Press Release is available on the website: www.gruppobiancamano.it under the section Investor Relations - Press Releases.
CONTATTI :
BIANCAMANO SPA Chiara Locati - Investor RelatorTel. +39 02 528682 286 mailto:c.locati@gruppobiancamano.itwww.gruppobiancamano.it
Biancamano Spa Sede Legale e Amministrativa: Strada 4, Palazzo Q6 - 20089 Milanofiori - Rozzano (MI) tel. +39 02 528682 1 - Fax +39 02 628682 253 info@gruppobiancamano.it - www.gruppobiancamano.it - Capitale Sociale € 1.700.000,00 i.v. - Registro Imprese MI/Cod. fisc e Partita IVA:01362020081.
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