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Last €3.03 EUR
Change Today +0.022 / 0.73%
Volume 304.8K
SO On Other Exchanges
Symbol
Exchange
Berlin
BrsaItaliana
As of 12:30 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

sogefi (SO) Snapshot

Open
€3.04
Previous Close
€3.01
Day High
€3.11
Day Low
€2.98
52 Week High
04/4/14 - €5.01
52 Week Low
12/16/14 - €1.86
Market Cap
359.4M
Average Volume 10 Days
382.6K
EPS TTM
€0.03
Shares Outstanding
118.6M
EX-Date
04/27/15
P/E TM
106.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for SOGEFI (SO)

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sogefi (SO) Details

Sogefi S.p.A. designs, develops, and produces filtration systems, suspension components, air management, and engine cooling systems for the vehicle manufacturers and the independent automotive replacement markets worldwide. The company’s suspension components include helical springs, stabilizer bars, torsion bars, stabilinks, leaf springs, track tensioners, coil springs, and FRP coil spring for use in cars, light and heavy commercial vehicles, earth-moving equipment, armored vehicles, and rolling wagons. Its engine systems comprise manifold systems, complete air intake systems, thermostat housings and ducts, coolant pump and modules, oil filtration systems, petrol fuel filters, diesel fuel filtration systems, cam covers, and oil separators for the original equipment manufacturers of cars, motorcycles, and 2 and 3 wheelers, as well as heavy duty vehicles. In addition, the company offers oil, air, fuel, and cabin filters for the independent automotive replacement markets. Further, it is involved in the development and manufacture of springs comprising wire forms, flat, extension, torsion, and compression springs for automotive, motorsport, aerospace and defense, electro-mechanical, textile, nuclear power, food packaging, transport, rail, power generation and distribution, oil and gas, marine, flow-control, agriculture, petrochemical, off road, sport and leisure, lighting, and medical equipment applications. The company offers its products under Allevard Rejna, Coopers and Fiaam, FRAM, LP-DN, Purflux, Sidergarda Mollificio Bresciano, Sogefi PRO, and United Springs brands. The company was founded in 1980 and is headquartered in Milan, Italy. Sogefi S.p.A. is a subsidiary of CIR S.p.A.

6,668 Employees
Last Reported Date: 02/23/15
Founded in 1980

sogefi (SO) Top Compensated Officers

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Executives, Board Directors

sogefi (SO) Key Developments

Sogefi SpA Announces Consolidated and Parent Earnings Results for the Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Sogefi SpA announced consolidated and parent earnings results for the full year ended December 31, 2014. The company closed 2014 with consolidated revenues of €1,349.4 million, up slightly from €1,335 million in 2013. In 2014 EBITDA came in at €109.5 million, down by 15.5% from €129.5 million in 2013. The fall was due mainly to the lower contribution of countries outside the euro area, both because of the slowdown of the South American market and the negative exchange rate effect, and certain temporary inefficiencies that occurred in Europe after the restructuring, particularly in the third quarter. The company thought it better prudentially to increase the provision for charges relating to supplies made in prior periods from €12.6 million to €18 million. EBITDA before restructuring was €129.3 million against €147.3 million a year ago, with a ratio to sales of 9.6% versus 11% in 2013. Consolidated EBIT totalled €48.3 million against €69.1 million in 2013. EBIT before restructuring came to €69.4 million against €88.3 million in 2013, with a ratio to sales of 5.1% versus 6.6% in 2013. The consolidated net result was dropped to €3.6 million from €21.1 million in 2013, as the sales on the South American market fell and the costs on restructuring in Europe weighed on the core earnings. Net financial debt stood at €304.3 million at December 31, 2014, in line with the figure at year-end 2013 of €304.6 million. Cash flow generated by operations was €85.9 million compared to €93.3 million a year ago. Purchase of tangible assets was €42.3 million compared to €36.0 million a year ago. Free cash flow was €3.8 million compared to €10.0 million a year ago. For the year, on parent basis, the company reported net income of €2 million, down from €15.9 million last year. The reduction was due mainly to the lower flow of dividends approved by the subsidiaries. Net debt stood at €307.7 million at December 31 2014, posting a net rise of €2.8 million compared to the corresponding value at December 31 2013. Loss before taxes was €2.9 million compared to earnings of €9.4 million a year ago. Cash flow generated by operations was €9.2 million compared to €9.3 million a year ago. Free cash flow was negative €1.9 million compared to negative €5.4 million a year ago. In 2015, in a global car market that appears to be growing, the company expects to continue the positive trends seen in North America, China and India. In Europe, the company should achieve a slightly better performance than last year, while in the South American market there is likely to be a modest recovery from the low volumes recorded in 2014.

Sogefi SpA, Board Meeting, Feb 23, 2015

Sogefi SpA, Board Meeting, Feb 23, 2015., at 15:00 Central European Standard Time. Agenda: To approve the project of 2014 Annual Report.

Sogefi Reports Consolidated Earnings Results for the Nine Months of 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Sogefi reported consolidated earnings results for the nine months of 2014. For the period, the company reported net loss of EUR 5.8 million compared with a EUR 23.8 million net profit for the same period last year, affected by a 23.3% revenue slump in South America. Consolidated revenues were flat at EUR 1.010 billion but sales in South America dropped 23.3% to EUR 135.8 million. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell 25.5% to EUR 80.8 million, hit by the South American market difficulties and restructuring costs in Europe. Earnings before interest and tax (EBIT) slumped to EUR 36.5 million from EUR 65.8 million. Operating profitability in the fourth quarter of 2014 is expected to be in line with the third quarter, influenced by the factors as the weakness on the South American market to continue for the rest of the year, while Europe, North America and Asia are seen to keep the current growing trends.

 

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