shareholders company profile corporate ......wenzhou co. ltd china 53,535% merit due italy 100%...
TRANSCRIPT
Source: El.En. December 2018
El.En. SpAItaly
50%
100%
70%
100%
85%
60%
Quanta System SpA
Italy
Lasit SpAItaly
DEKA S.a.r.l.France
Penta Laser Europe SrlItaly
OT-LAS SrlItaly
ASA SrlItaly
50%
100%
Cutlite do Brasil LtdaBrazil
98,27%
55%
100%
Esthelogue SrlItaly
96,65%
50%
78,85%
100%
100%
IND-MED MEDICAL INDUSTRIAL OTHER
DEKA Co LtdJapan
55%
50%Penta-Laser Equipment
Wenzhou Co. LtdChina
53,535%
Merit DueItaly
100%
B O A R D M E M B E R S O W N E R S H I P
AUDITING COMPANY
DELOITTE & TOUCHE SPA
BOARD OF D IRECTORS
Chairman Gabr ie le C lement i
Andrea Cang io l iBarbara Bazzocch i
Board Members Fab ia Romagno l i ( Independent )
Miche le Legna io l i ( Independent )A lber to Pecc i (Not Execut ive)
INTERNAL CONTROL COMMITTEE
Fab ia Romagno l iM iche le Legna io l i
A lber to Pecc i
GROUP STRUCTURE
CORPORATE GOVERNANCE
SHAREHOLDERS
COMPANY PROFILE
SPECIALIST BROKER
CODE OF
CONDUCT ON INSIDER DEALING
El.En. S.p.A. is an Italian hi-tech industrial group operating in opto-electronics with proprietary technologies
and know-how developed over 35 years of experience. We are an international group counting more than 20
companies active worldwide in several market segments involving laser technologies applications.
Since its foundation El.En. constantly increased its turnover, leveraging and expanding its global presence.
We benefit of a worldwide distribution network, count over 1.300 employees and more than 35,000 installed
laser sources.
Ÿ industrial laser systems for applications ranging from cutting, marking and welding of metals, wood,
plastic and glass to the decoration of leather, paper, cardboard and fabrics;
Ÿ medical laser devices used in dermatology, surgery, aesthetics, physiotherapy, dentistry and
gynecology;
We design, manufacture and sell on a global basis:
Ÿ laser systems for the conservation of the cultural heritage.
El .En. SpA v i a B a l d a n z e s e , 1 75 0 0 4 1 C a l e n z a n oF i r e n z e - I t a l yt e l . : ( + 3 9 ) 0 5 5 . 8 8 . 2 6 . 8 0 7f a x . : ( + 3 9 ) 0 5 5 . 8 8 . 3 2 . 8 8 4
The directors and others relevant persons must report all transactions completed with a value equal to Euro 20.000 or more within any given calendar year.
INVESTOR RELATIONS MANAGER
ENRICO ROMAGNOLI
TEL: (+39) 055-8826807
FAX:(+39) 055-8832884
INVESTOR RELATIONS
Rome - Tel: (+39) 06 69923324
E-mail: [email protected]
STATUTORY AUDITORS
Permanent AuditorsPaolo Casel l i
R i ta Pelagot t i
33% 50%
17%
Independent 33%
Executive 50%
Not Executive 17%
Source: EL.EN. December 2018
2.078.456 shares
Alberto Pecci
Andrea Cangioli
2.927.688 shares
Michele Legnaioli
1.885.122 shares
Gabriele Clementi
988.496 shares
Barbara Bazzocchi
640 shares
INTERMONTE S IM S.p.A.
Managing Directors
5,12%
9,77%
15,17%
7,51%
Andrea Cangioli 15,17%
Gabriele Clementi 9,77%
Barbara Bazzocchi 5,12%
Alberto Pecci 10,77%
Immobiliare del Ciliegio Srl 7,51%
Kempen Oranje partecipaties nv 5,80%
Market 45,86%
45,86%
5,80%
PresidentVincenzo Pi l la
GENERAL MANAGERPaolo Salvadeo
10,77%
Cutlite Penta SrlItaly
Asclepion LaserTechnologies GmbH
Germany
Pharmonia srlItaly
DEKA M.E.L.A. SrlItaly
Penta-Chutian Laser (Wuhan) Co. Ltd
China
100%
WITH US Co LtdJapan
BRCTUSA
DEKA Medical Inc.USA
CONSOLIDATED INCOME STATEMENT
31/12/2018 Inc.% 31/12/2017 Inc.% Var.%
Revenues 346.020 100,0% 306.461 100,0% 12,9%
Change in inventory of finished goods and WIP 11.878 3,4% 5.452 1,8% 117,9%
Other revenues and income 5.613 1,6% 4.264 1,4% 31,6%
Value of production 363.511 105,1% 316.178 103,2% 15,0%
Purchase of raw materials 207.387 59,9% 166.694 54,4% 24,4%
Change in inventory of raw material (8.170) -2,4% (419) -0,1% 1850,2%
Other direct services 26.816 7,7% 22.618 7,4% 18,6%
Gross margin 137.478 39,7% 127.284 41,5% 8,0%
Other operating services and charges 42.870 12,4% 37.068 12,1% 15,7%
Added value 94.608 27,3% 90.216 29,4% 4,9%
For staff costs 58.989 17,0% 54.091 17,7% 9,1%
EBITDA 35.618 10,3% 36.125 11,8% -1,4%
Depreciation, amortization and other accruals 5.631 1,6% 5.676 1,9% -0,8%
EBIT 29.987 8,7% 30.449 9,9% -1,5%
Net financial income (charges) 869 0,3% (3.365) -1,1%
Share of profit of associated companies (1.306) -0,4% (430) -0,1% 203,5%
Other net income (expense) (6) 0,0% 564 0,2%
Income (loss) before taxes 29.545 8,5% 27.217 8,9% 8,6%
Income taxes 7.707 2,2% 6.807 2,2% 13,2%
Net income (loss) for the financial period 21.839 6,3% 20.410 6,7% 7,0%
Minority interest 5.045 1,5% 4.776 1,6% 5,6%
Net income (loss) 16.794 4,9% 15.634 5,1% 7,4%
0
5.000
10.000
15.000
20.000
25.000
30.000
35.000
40.000
36.12535.618
31/12/201831/12/2017
Source: El.En. S.p.A.
EBITDA
0
10.000
20.000
30.000
40.000
50.000
60.000
70.000
80.000
90.000
84.506
31/12/2017
Source: El.En. S.p.A.
NET FINANCIAL POSITION
62.461
31/12/2018
Industrial sector 148.167 M€
Medical sector 197.854 M€
Rest of the world 211.788 M€
Italy 65.768 M€
Europe 68.464 M€
REVENUES BREAKDOWN AT DECEMBER 31th 2018
57,2%
42,8%
19,8%
61,2%
19,0%
NET FINANCIAL POSITION
31/12/2018 31/12/2017
Cash and cash equivalents 82.917 99.388
Short term financial receivables 74 155
Financial short term liabilities (8.038) (9.161)
Net current financial position 74.954 90.381
Financial long term liabilities (12.493) (5.875)
Net financial position 62.461 84.506
STATISTICS AND INDICES
N. shares traded (split adjusted)
Lutronic
Cutera
Source: El.En. S.p.A.
COMPARABLES
Han’s Laser
IPG
Prima Industr ie
€ 18.687.893€ 934.395
71.711 52.246
€ 431.030.254€ 1.710.438
17.999.550 1.044.924
YoY (Mar 16, 2018 - Mar 15, 2019)
Sisram Medical
Last price (15/03/2019)
Range(-1 Y):
Stock performance
FTSE IT STAR Index performance
18,92
-1 Y-6 M-1 M
-1 Y-6 M-1 M
max 34,54 (03/05/18) min 12,29 (21/12/18)
- 34,31%- 16,79%+ 16,79%
- 6,65%- 7,74%+ 3,15%
STOCK PERFORMANCE
Source: Borsa ItaliaFTSE IT STAR
0K
250K
0%
May 2018
20%
500K
Sep 2018
El.En.
10%
-10%
-20%
-30%
-40%
Jan 2019
-50%
-60%
Company: EL.EN.SPA
Borsa MTAX
ISIN - IT0005188336
Ticker - ELN
Share capitalNO. SHARESof which: -Ordinary shares
-Preferred sharesNominal value Capitalization (15/03/2019)Minimum amount tradedDate of quotationIPO
2.508.671
19.297.472 00000000,13
111/12/200029,9 mil euro
SectorElectronic & Electrical Equipment
Sub-SectorElectronic Equipment
Latest dividend€ 0,40
Ex-dividend date30/05/2018
346 mil euro
KEY F IGURESSTOCK INFORMATION
C O P Y R I G H T 2 0 1 9 - A L L R I G H T S R E S E R V E D P O LY T E M S H I R©
Note:
Data and information from draft financial statement as of December 31, 2018 were unaudited
The information shown are organized in conformity with the international accounting principles, IAS/IFRS. All amounts are expressed in thousands of Euro, unless otherwise stated.
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MoM (Feb 16, 2019 - Mar 15, 2019)