As reported by the company, revenues of Sabaf Group came in at €136.3 million in 2014, up 4.1% compared with €131 million in 2013. EBITDA was €26 million, up 5.6%, and represented 19% of sales (€24.6 million in 2013, equivalent to 18.8% of sales), EBIT totalled €13.2 million, representing 9.7% of sales (€11.1 million in 2013, equivalent to 8.5% of sales, +18.4%) and net profit was €8.3 million, equal to 6.1% of sales (€8.1 million in 2013, 6.2% of sales, +2.9%). Besides, in 2014 the parent company Sabaf S.p.A. registered sales revenue of €115.9 million, up 3.1% from €112.4 million in 2013. EBITDA was €18 million, up 6.4% from €16.9 million in 2013, EBIT was €9.7 million, up 80.4% from €5.4 million in the previous year, and net profit was €7.9 million, up 111% from €3.7 million in 2013.
As regards to the first quarter 2015, preliminary results show sales of €37.5 million, up 13.2% versus €33.1 million in the same period of 2014. “Sales maintained there positive trend in April – the company explained in a official note – but slowed somewhat in May”. In light of the lack of visibility for the next few months, the company cautiously confirms its forecast of moderate growth in sales and profitability for the whole of 2015.
