(Finance) – Emaka company listed on Euronext STAR Milan and active in the fields of outdoor power equipment, pumps and water jetting, closed the first quarter of 2022 with consolidated revenues equal to 190.2 million euros, compared to 162.9 million euros in the same period of the previous year, up by 16.8%. The increase derives from organic growth for 14.5%, the effect of translation exchange rates for 1.6% and the change in the consolidation area for 0.7%.
L’Adjusted EBITDA was equal to 27.3 million euros (14.4% of revenues) compared to 26.4 million in the same period of 2021 (16.2% of revenues). The increase in raw material costs, energy costs, transport costs and other operating costs were partially offset by the increase in list prices. L’Net income amounted to 16.9 million euros, compared to 15.3 million euros in the same period of 2021. net financial position liabilities amounted to 192.9 million euros, compared to 148.4 million at March 31, 2021 and 144.3 million at December 31, 2021.
Despite the critical issues of the period, “which determine a reduced visibility on demand for the next few months “, Emak’s management says” confident that, thanks to the order book already acquired, the turnover of the first half year will record a positive growth trend compared to the first six months of 2021thus remaining at record levels compared to historical results “.
In relation to the conflict between Russia and Ukraineit is recalled that the group has a subsidiary company based in Kiev (Epicenter LLC), and that the area affected by the conflict represented about the 3% of turnover consolidated in financial year 2021. “The group continues to monitor developments to minimize the impact on its activities”, it is emphasized.