Economic & Financial Indicators
The three-year period 2008 – 2010 shows a positive trend of the most significant budget items. During this time, the Company faced a complex process of reorganization to meet the changing scenario of the Pharmaceutical Market.
The total turnovers, already gradually growing in 2009 (+ 0,7 %), in 2010 show a brilliant rise (+ 6,9%) in varying degrees within the individual Business Units. The turnover of the Pharma Division confirm the positive trend also in 2010 (+ 10,29%) even better than in 2009 (+ 7,27%) thanks to the launch of new products, some of which from internal development hence allowing better profit margins. The Manufacturing Division, after a two-year period 2008-2009 of gradual reduction in its turnover, in 2010 showed a double digit rise (+15,32 %): these fluctuations are typical in a sector which is strongly influenced by the production type (full or partial service) and by the dynamics of commercial clients. Furtherly, the optimization process implemented in this period resulted in interesting improvements in industrial profitability.
In 2010 the turnover of active royalties and upfront payments for projects/products licensed to third parties showed a reduction.
The result of optimization and reorganization during this period are well reflected in the positive trend of the key indicators: EBITDA tripled, the net financial position improved by about € 10 million from 2009 to 2010 through improved efficiency of working capital and the equity that practically doubled due to increases in capital contributed by the shareholders and the revaluation of the Company property assets.
Consolidated Values (in Euro x1000)
Income | 2010 | 2009 | 2008 |
Manufacturing Variation % | 8.749,00 +15,32 | 7.587,00 -30,80 | 10.964,00 -11,60 |
Pharma Variation % | 58.235,00 +7,27 | 54.286,00 +10,92 | 48.641,00 +0,94 |
Royalties & Downpayments Variation % | 1.012,00 -41,71 | 1.736,00 -46,77 | 3.261,00 -37,20 |
Total Income Variation % | 67.996,00 +6,90 | 63.609,00 +0,70 | 63.166,00 -4,41 |
| Risults | 2010 | 2009 | 2008 |
Turnover Variation % | 67.996,00 +6,90 | 63.609,00 +0,70 | 63.166,15 -4,41 |
Industrial margin Variation % | 48.090,00 +12,50 | 44.740.00 +8,47 | 39.401,00 -6,08 |
EBITDA Variation % | 9.531,00 -0,26 | 9.556,00 +120,64 | 4.331,00 +32,81 |
EBIT Variation % | 5.845,00 +1,23 | 5.774,00 +511,65 | 944,00 +12,51 |
Net profit (loss) Variation % | 3.443,00 +37,06 | 2.512,00 -134,01 | -7.387,00 +280,09 |
Net assets Variation % | 35.074,00 +3,74 | 33.811,00 +8,03 | 31.299,00 +82,31 |
Net capital invested Variation % | 56,061,00 -0,51 | 56.346,00 -9,59 | 62.325,00 +21,02 |
Net financial debits Variation % | 20.987,00 -6,87 | 22.535,00 -27,37 | 31.026,00 -9,63 |