{"id":13821,"date":"2024-11-13T17:57:13","date_gmt":"2024-11-13T16:57:13","guid":{"rendered":"https:\/\/www.piovan.com\/?p=13821"},"modified":"2024-12-03T15:40:48","modified_gmt":"2024-12-03T14:40:48","slug":"board-of-directors-approves-financial-report-as-of-30-september","status":"publish","type":"post","link":"https:\/\/www.piovan.com\/es\/news\/board-of-directors-approves-financial-report-as-of-30-september\/","title":{"rendered":"BOARD OF DIRECTORS APPROVES FINANCIAL REPORT AS OF 30 SEPTEMBER"},"content":{"rendered":"<ul>\n<li><strong>Total consolidated revenue and other income of \u20ac 419.9 million; Consolidated Adjusted Net Profit of \u20ac 32.7 million; Consolidated Adjusted EBITDA of \u20ac 55.7 million; Consolidated Operating Profit (EBIT) of \u20ac 47.0 million <\/strong><b>excluding the PPAs of Ipeg and NuVu<\/b><\/li>\n<li><strong>The negative Net Financial Position, steadily improving, amounted to \u20ac50.5 million \u00a0<\/strong><\/li>\n<li><strong>Profitability on a percentage basis improves and cash position remains strong<\/strong><\/li>\n<li><strong>Growth in Food &amp; Industrial Automation<\/strong><\/li>\n<li><strong>Consolidation in Asia with new plants in China and India<\/strong><\/li>\n<li><strong>In the first nine months of 2024, investments amounted to approximately \u20ac 8.9 million<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p class=\" translation-block\">The <strong>Board of Directors of Piovan S.p.A.<\/strong> today approved the consolidated financial results for the first nine months of 2024. <strong>Total consolidated revenues and other income<\/strong> amounted to \u20ac 419.9 million, -1.7% compared to 30 September 2023. <strong>Consolidated Adjusted Net Profit <\/strong>for the first nine months of 2024 <strong>was \u20ac 32.7 million<\/strong>, 7.8% of total revenues and other income (+4.1% compared to the first nine months of 2023). Consolidated <strong>Adjusted EBITDA<\/strong> was \u20ac 55.7 million, stable compared to 30 September 2023 (13.3% of revenues and other income). <strong>Consolidated EBIT<\/strong>, excluding the effects of the IPEG Purchase Price Allocation ('PPA') and the NuVu PPA, amounted to \u20ac 47 million (11.2% of total revenues and other income). EBIT was impacted by acquisition, reorganisation and integration costs. The negative <strong>Net Financial Position<\/strong> was \u20ac 50.5 million (negative \u20ac 87.3 million at 30 September 2023), confirming the excellent cash generation. Basic <strong>earnings per share<\/strong> were \u20ac 0.66 at 30 September 2024.<\/p>\n<p class=\" translation-block\"><strong>The financial performance of the PiovanGroup<\/strong> at 30 September 2024 <strong>remained satisfactory<\/strong>, <strong>particularly in terms of profitability<\/strong>, thanks to the <strong>increase in market share in a shrinking market<\/strong> and the <strong>integration of the acquired companies<\/strong>. The Group has demonstrated its adaptability and competitiveness in an improving but still unstable macroeconomic environment. <strong>The Group's strength and distinguishing feature is its broad international presence<\/strong>, with subsidiaries and production sites, <strong>in a variety of geographical areas<\/strong>, <strong>including those undergoing major development<\/strong>, <strong>and in diversified sectors<\/strong>. In addition, a <strong>global sales and service network<\/strong> ensures excellent support for customers around the world.<\/p>\n<p class=\" translation-block\"><strong><u>Revenue by business segment<\/u><\/strong><br>\r\n\u2022 <em>Technical Polymers Area:<\/em> Revenues in this area (75% of the total) were down 4%. The decline is due to the weakness of the market since mid-2023 and high interest rates.<br>\r\n\u2022 <em>Food &amp; Industrial Applications Area:<\/em> +11.5% compared to the first nine months of 2023. The growth in the backlog for major projects and the increase in the customer base are worthy of note.<br>\r\n\u2022 <em>Services:<\/em> +2.3% compared to the same period last year. The Group's strategy is to grow this segment, which continues to perform well<\/p>\n<p class=\" translation-block\"><strong><u>Revenue by geographic area<\/u><\/strong><br>\r\nRevenue growth in the <strong>APAC market<\/strong> (+14.9%), in line with the Group's interests and with the consolidation of NuVu and the resumption of business in China; market share gains in <strong>EMEA<\/strong> (+3.6%); market declines in <strong>North America<\/strong> (-7.3%) and <strong>South America<\/strong> (-15.7%), reflecting the decline in orders and the fall in demand.<\/p>\n<p><em>For a full reading of the financial results, please see the price sensitive press release available\u00a0<a href=\"https:\/\/www.piovan.com\/es\/investors\/investor-relations\/\">aqu\u00ed<\/a>.<\/em><\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>Total consolidated revenue and other income of \u20ac 419.9 million; Consolidated Adjusted Net Profit of \u20ac 32.7 million; Consolidated Adjusted EBITDA of \u20ac 55.7 million; Consolidated Operating Profit (EBIT) of \u20ac 47.0 million excluding the PPAs of Ipeg and NuVu The negative Net Financial Position, steadily improving, amounted to \u20ac50.5 million \u00a0 Profitability on a percentage basis improves and cash position remains strong Growth in Food &amp; Industrial Automation Consolidation in Asia with new plants in China and India In [&hellip;]<\/p>","protected":false},"author":27,"featured_media":11530,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<title>BOARD OF DIRECTORS APPROVES FINANCIAL REPORT AS OF 30 SEPTEMBER - PiovanGroup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.piovan.com\/es\/news\/board-of-directors-approves-financial-report-as-of-30-september\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BOARD OF DIRECTORS APPROVES FINANCIAL REPORT AS OF 30 SEPTEMBER - PiovanGroup\" \/>\n<meta property=\"og:description\" content=\"Total consolidated revenue and other income of \u20ac 419.9 million; Consolidated Adjusted Net Profit of \u20ac 32.7 million; Consolidated Adjusted EBITDA of \u20ac 55.7 million; Consolidated Operating Profit (EBIT) of \u20ac 47.0 million excluding the PPAs of Ipeg and NuVu The negative Net Financial Position, steadily improving, amounted to \u20ac50.5 million \u00a0 Profitability on a percentage basis improves and cash position remains strong Growth in Food &amp; Industrial Automation Consolidation in Asia with new plants in China and India In [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.piovan.com\/es\/news\/board-of-directors-approves-financial-report-as-of-30-september\/\" \/>\n<meta property=\"og:site_name\" content=\"PiovanGroup\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-13T16:57:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-03T14:40:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.piovan.com\/wp-content\/uploads\/1920x540_Header_Piovan-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Giorgia Massarotto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.piovan.com\/news\/board-of-directors-approves-financial-report-as-of-30-september\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.piovan.com\/news\/board-of-directors-approves-financial-report-as-of-30-september\/\"},\"author\":{\"name\":\"Giorgia Massarotto\",\"@id\":\"https:\/\/www.piovan.com\/#\/schema\/person\/23612222a62648a3c361894ae51bd6f0\"},\"headline\":\"BOARD OF DIRECTORS APPROVES FINANCIAL REPORT AS OF 30 SEPTEMBER\",\"datePublished\":\"2024-11-13T16:57:13+00:00\",\"dateModified\":\"2024-12-03T14:40:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.piovan.com\/news\/board-of-directors-approves-financial-report-as-of-30-september\/\"},\"wordCount\":475,\"publisher\":{\"@id\":\"https:\/\/www.piovan.com\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"es\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.piovan.com\/news\/board-of-directors-approves-financial-report-as-of-30-september\/\",\"url\":\"https:\/\/www.piovan.com\/news\/board-of-directors-approves-financial-report-as-of-30-september\/\",\"name\":\"BOARD OF DIRECTORS APPROVES FINANCIAL REPORT AS OF 30 SEPTEMBER - PiovanGroup\",\"isPartOf\":{\"@id\":\"https:\/\/www.piovan.com\/#website\"},\"datePublished\":\"2024-11-13T16:57:13+00:00\",\"dateModified\":\"2024-12-03T14:40:48+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.piovan.com\/news\/board-of-directors-approves-financial-report-as-of-30-september\/#breadcrumb\"},\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.piovan.com\/news\/board-of-directors-approves-financial-report-as-of-30-september\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.piovan.com\/news\/board-of-directors-approves-financial-report-as-of-30-september\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.piovan.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News &#038; 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