Ariston Thermo publish 2015 financial results
ITALY – The Ariston Thermo group have released their latest financial figures which show that in 2015, the group achieved € 1,433 million in revenues, which represented a 6.8% increase on last year’s figures. The financial statement also shows that the group’s adjusted EBITDA increased by 13% amounting to € 174 million (from 11.5% to 12.1% of total revenues) and, similarly, an adjusted EBIT improvement amounting to 12.8% and recording € 132 million (margins on revenues increased from 8.7% to 9.2%). The group disclosed that their net profits amounted to € 80 million, a 9.6% increase on last year.
The figures also showed that at the closing of the financial year, the group’s net financial position was € 7 million positive, a decrease from the € 23 million of 2014, which the group said was mainly due to acquisitions and investments. Indeed Ariston Thermo went on recoed to note that investments and R&D spending amounted to € 72 million, up more than 18% compared to the previous year (€ 61 million in 2014).
2015 saw Ariston Thermo complete two important acquisitions in Europe designed to strengthen the Group’s presence in the continent: in April, Ariston Thermo acquired 100% of the share capital of Gastech-Energi A/S in Denmark, a company with 150 employees and annual sales of about € 26 million, while in July SPM, a French manufacturer specializing in burners production, joined the group.
In addition to mature markets, Ariston Thermo continued to grow and to invest in fast-developing countries over the course of 2015, such as in Indonesia, where the group has established a direct presence with the aim of meeting the local need for high-quality water-heaters by launching a new range of highly efficient products, and in Russia, where the Group celebrated its 20th anniversary and inaugurated a new 10,000 m2 logistics hub.
Ariston Thermo revealed that their ambition for 2016 was to continue to grow at global level, both in mature and in fast-growing markets, through ever more efficient, connected and environmentally friendly products and solutions.
Paolo Merloni, executive chairman of Ariston Thermo, commented on the positive financial results, saying “2015 was another year of growth for Ariston Thermo, all the indicators improved and we also accomplished some strategic moves in order to widen our presence on the market. We are strongly committed to continue along our growth path in the coming years, and the main development drivers will be product innovation, the continuous improvement of our operations and the investment on our brands and on our people, which are the main strength of the Group. Thanks to them, Ariston Thermo will continue to grow and will help to improve clients’ quality of life and to protect the environment”.