• Proposed a dividend of 18 eurocents per share with a growth of +12.5% compared to the previous year
4Q 2014 TREND
There were clear signs of recovery in the fourth quarter of 2014 as compared with the previous quarter, with revenue climbing to 124.5 million Euro (+7.3% with respect to the third quarter 2014 and +3.8% with respect to the fourth quarter 2013). EBIT reflects the effect of the non-recurring costs booked in the last quarter of the financial year.
The booking during the quarter – the orders already received - were equal to 130.4 million Euro.
PERFORMANCE BY DIVISION
REVENUES BY GEOGRAPHIC AREA
In the context of the Industrial Automation Division, Valentina Volta was appointed CEO of the Industrial Automation Division following the resignation of Gian Paolo Fedrigo, on 30th June 2014, and on 1st September Alberto Bertomeu, who has over ten years experience in this sector, was appointed new General Manager for the Americas.
On 11th March the placement of 6,295,018 ordinary shares, representing approximately 10.8% of the share capital, addressed exclusively to institutional investors was completed through an Accelerated Bookbuilding procedure.
Reclassified income statement at 31st December 2014 – Euro/1.000
Note: In order to ensure better representation of the Group’s ordinary profitability, we have preferred to show an operating result before the impact of non-recurring costs/income and acquisition-related amortization, which we have called "EBITANR - Earnings before interest, taxes, acquisition and non-recurring". To allow for comparison with the financial statements, we have provided an additional intermediate profit margin (the "operating result"), which includes non-recurring costs/income and amortisation due to acquisitions, and matches the figure reported in the financial statements.
 EBITANR – Earnings before interest, taxes, acquisition and non recurring .
Reclassified Balance Sheet at 31st December 2014 – Euro/1.000
Net Financial Position at 31st December 2014 – Euro/1.000