Isagro S.p.A. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Financial Guidance for the Full Year 2018
Isagro S.p.A. reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenues from sales and services of 42,208,000 against 47,222,000 a year ago. EBITDA was 4,496,000 against 7,411,000 a year ago. EBIT was 2,225,000 against 5,199,000 a year ago. Result before taxes was 2,316,000 against 5,053,000 a year ago. Net result from continuing operations was 1,297,000 against 3,321,000 a year ago. Net result was 1,297,000 against 3,321,000 a year ago. Cash flows used in operations was 2,060,000 against cash flow from operations of 2,502,000 a year ago. Investments in intangible assets were 1,746,000 against 2,008,000 a year ago. Investment in tangible assets was 389,000 against 79,000 a year ago. With a Net financial position at debt as of March 31st, 2018 equal to 50.9 million, with a seasonal increase of 4.7 million versus 46.2 million as of December 31st, 2017 and improving of 1.0 million versus 51.9 million as of March 31st, 2017.
The 2018 full-year results are expected to improve versus 2017 thanks mostly to growth of Isagro Asia and higher initial revenues from new M/L Agreements.