biancamano-logo– On 20 January 2014 signed with Lenders the debt restructuring agreement art.67 LF
– Ebitda margin net of non-recurring expenses increasing to 10.5% vs 7.6% in 2012
– Negative net result impacted by non-recurring operating expenses and 11.9 million euro in non-recurring provisions for doubtful debts
– NFP 132.5 million euro strongly improving compared with figures as of  31 December 2012 (Euro 156 million)
– Revenues of 178.6 million euro (248.1 million euro at 31.12.2012)
– EBITDA of 9.5 million euro (18.8 million euro at 31.12.2012)
– EBIT of (19.2) million euro (euro (1.5) million at 31.12.2012)
– Net Loss of (25.0) million euro (euro (10.7) million euro at 31.12.2012)
– NFP 132.5 million euro (156.0 million at 31.12.2012)

Rozzano (MI), 14 March 2014

The Board of Directors of Biancamano Spa, a company listed on the Star segment of Borsa Italiana and leading company in the Waste Management sector in Italy, today approved the consolidated results as at 31 December 2013.

“The results of the year 2013 – states Giovanni Battista Pizzimbone, Chairman and CEO of Biancamano Spa – reflect the effects of the financial tensions which, in combination with the lengthening of the time period initially established for the stipulation of a recovery agreement with the banking system, generated nonrecurring charges in 2013 of Euro 9.3 million in addition to limiting the participation of the Group in new tenders. The efforts made by management to recover profit margins were, in any case, effective- in fact, the gross operating margin, net of non-recurring charges, was equal to 10.5% significantly increasing with respect to 2012. With regards to business outlook, I think that the recovery agreement signed on 20 January 2014, once fully enforced, will empower the Group to overcome all the main problems, permitting through the full use of the credit lines and particularly the with-recourse credit facility counter-secured by a pool today not yet operating, the issue of the necessary banking references from the financial institutions, and the consequent uninterrupted regularity of the contribution position, of reasonably attaining the 2014 targets of the Plan.”