Company Overview of Cobra Automotive Technologies SPA
Cobra Automotive Technologies S.p.A. provides vehicle-centric solutions worldwide. The company’s solutions integrate automotive services and advanced technologies that enhance security and vehicle management. Its Telematic Services business unit engages in supplying services and developing telematics infrastructure for the automotive industry and the insurance business primarily in Brazil, Italy, France, Germany, Spain, Switzerland, and the United Kingdom. The company’s Electronic Systems business unit designs, develops, manufactures, and markets electronic systems and components. It offers antitheft, parking assistance, and telematic systems for factory and aftermarket installation primaril...
Via Astico, 41
Varese, VA 21100
Founded in 1975
Key Executives for Cobra Automotive Technologies SPA
Chief Executive Officer and Director
Supply Chain Director and Managing Director
Managing Director of Asia Pacific Regional Headquarters and Jv Investment Manager
Chief Strategy Officer and Director of International Development
Compensation as of Fiscal Year 2015.
Cobra Automotive Technologies SPA Key Developments
Cobra Group Secures £6.9 Million Refinancing Deal with Clydesdale Bank
Apr 2 15
Cobra Group has secured a £6.9 million debt refinancing with Clydesdale Bank with the aim of growing the business. Clydesdale Bank has also been involved in deals with Clear Management Group, Seventeen Group and UK General.
Cobra Automotive Technologies SPA Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2014
May 13 14
Cobra Automotive Technologies SPA reported consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues of €36.594 million compared to €36.991 million a year ago. Operating income was €1.543 million against €0.236 million a year ago. Income before tax was €2.574 million against loss before tax of €0.553 million a year ago. Net income from continuing operations was €1.815 million against loss from continuing operations of €0.535 million a year ago. Net income was €1.815 million against loss of €0.732 million a year ago. Consolidated EBITDA amounted to €5.1 million, compared to €3.3 million in the first quarter of 2013 with an improvement of the margin percentage from 9.0% a 13.8% in the first quarter of 2014. Adjusted EBITDA, excluding non-recurring costs of €0.17 million, amounted to €5.2 million (14.3% on revenue).
Cobra Automotive Technologies SPA Reports Group and Parent Earnings Results for the Year Ended December 31, 2013
Apr 21 14
Cobra Automotive Technologies SPA reported group and parent earnings results for the year ended December 31, 2013. Total revenues for 2013 amounted to €144.6 million, a decline of 6.1% compared to the total revenues for 2012 of €154.0 million. The decline is principally due to the decline in revenue of the Services Business Unit (from the disposal of non-core businesses) with revenue of €62.4 million against €70.2 million in 2012. The Electronic Systems Business unit revenue amounted to €93.3 million in line with the revenue in 2012 of €93.1 million. Consolidated EBITDA, improved 195% and reached €17.0 million, compared to €5.8 in 2012. The EBITDA increase compared to 2012 is principally due to the improvement in margin contribution from the focus on products with higher profitability and a decline in operating costs that fell by 14% compared to 2012. Adjusted EBITDA, excluding exceptional and non-recurring costs of approximately €2.3 million amounted to €19.4 million (€13.4% on revenue). The operating result (EBIT) of 2013, in line with EBITDA, recorded a substantial improvement with a positive margin of €4.0 million (2.8% on revenue) compared to a negative margin of €9.1 million in 2012. The Group Net Result improved from a loss of €14.2 million in 2012 to a loss of €2.0 million principally due to the improvement in operating margins. Operating income was €3.995 million against operating loss of €9.112 million a year ago. Loss before tax was €1.759 million against €14.336 million a year ago. Net loss from continuing operations was €2.291 million against €12.594 million a year ago.
The Board of Directors also approved the parent company Cobra Automotive Technologies S.p.A. financial results with Revenues of €66.1 million comparable to the 2012 revenue of €66.6 million. EBITDA of €5.5 million an improvement over the EBITDA of €1.6 million in 2012, and a positive Operating Result (EBIT) of €1.2 million compared to an operating loss (EBIT) of €3.3 million in 2012. This improvement is from focusing on products and customers with greater profitability and a reduction of operating costs. The net loss was €0.6 compared to a loss of €15.9 million in the prior year.
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