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Elica SpA (ELC.MI)

ELC.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Elica sells German unit Exklusiv-Hauben Gutmann to Manuel Fernandez Salgado
Monday, 28 Aug 2017 11:42am EDT 

Aug 28 (Reuters) - ELICA SPA ::SELLS 100% OF THE GERMAN SUBSIDIARY EXKLUSIV-HAUBEN GUTMANN GMBH.CONSIDERATION FOR 100% OF GERMAN SUBSIDIARY TOTALS EUR 2.5 MILLION, TO BE PAID IN FIVE TRANCHES AT EACH YEAR-END FROM DEC 31, 2019 UNTIL DEC 31, 2023.IN ADDITION, ELICA CEDED TO MANUEL FERNANDEZ AN EXKLUSIV-HAUBEN GUTMANN FINANCIAL RECEIVABLE OF EUR 11.15 MILLION FOR CONSIDERATION OF EUR 1.EXPECTS IMPROVEMENT ON 2017-2019 OBJECTIVES ANNOUNCED ON MAY 15 IN TERMS OF MARGIN GROWTH FOR 3-YEAR PERIOD AND FOR RETURN ON NET CAPITAL EMPLOYED.  Full Article

Elica H1 net profit down at EUR 0.9 mln
Monday, 28 Aug 2017 06:58am EDT 

Aug 28 (Reuters) - ELICA SPA ::H1 REVENUE EUR 242.8 MILLION VERSUS EUR 215.6 MILLION YEAR AGO.H1 NET PROFIT EUR 910,000 VERSUS EUR 2.6 MILLION YEAR AGO.  Full Article

Elica signs deal to buy 30 pct stake in unit Zhejiang Elica Putian Electric
Wednesday, 26 Jul 2017 11:39am EDT 

July 26 (Reuters) - ELICA SPA ::SIGNS AGREEMENT TO BUY 30 PERCENT OF SHARE CAPITAL OF UNIT ZHEJIANG ELICA PUTIAN ELECTRIC CO., LTD..CURRENTLY, BEFORE CONCLUSION OF THE OPERATION, OWNS 66.76% OF THE SHARE CAPITAL OF ZHEJIANG ELICA PUTIAN ELECTRIC CO., LTD..CONSIDERATION FOR THE 30% HOLDING IN THE CHINESE SUBSIDIARY IS CNY 15 MILLION, TO BE PAID IN CASH UTILISING AVAILABLE COMPANY RESOURCES.  Full Article

Elica appoints Alessandro Carloni CFO
Monday, 26 Jun 2017 11:27am EDT 

June 26 (Reuters) - ELICA SPA ::BOARD APPOINTS ALESSANDRO CARLONI GROUP CHIEF FINANCIAL OFFICER, REPLACING GIAMPAOLO CASELLI WHO HELD THE POSITION ON AN AD INTERIM BASIS.  Full Article

Elica Q1 net profit up at EUR 0.9 mln
Monday, 15 May 2017 07:29am EDT 

May 15 (Reuters) - ELICA SPA ::Q1 REVENUE EUR 118.5 MILLION VERSUS EUR 103.3 MILLION YEAR AGO.Q1 NET PROFIT EUR 0.9 MILLION VERSUS EUR 0.7 MILLION YEAR AGO.THE GROUP ESTIMATES FOR THE THREE-YEAR PERIOD 2017-2019: A CAGR 2017-2019 OF CONSOLIDATED NET REVENUES OF +6.8%.ESTIMATES FOR THREE-YEAR PERIOD 2017-2019: A CAGR OF THE NORMALIZED EBITDA OF +12.6% AND OF THE NORMALIZED EBIT OF +14.3%.  Full Article

Elica confirms FY 2016 performance objectives
Tuesday, 20 Dec 2016 12:20pm EST 

Elica SpA : Says in Q4 2016 it will be necessary to write-down obsolete stock which overall will result in non-ordinary charges of 1.6 million euros ($1.66 million), previously not foreseen by the company .Confirms 2016 performance objectives which estimate an increase in net revenue between 2.5 pct and 3.5 pct and normalised EBIT margin greater than 3 pct.  Full Article

Elica H1 net profit rises to EUR 2.6 mln
Thursday, 25 Aug 2016 07:00am EDT 

Elica SpA : H1 revenue 215.6 million euros ($243.39 million), up 6.1 percent year on year . H1 net profit 2.8 million euros, up 76.2 percent year on year .H1 group share net profit 2.6 million euros versus 1.4 million euros a year ago.  Full Article

Elica CEO Giuseppe Perucchetti to be in office until Aug. 25
Wednesday, 6 Jul 2016 07:52am EDT 

Elica SpA :CEO Giuseppe Perucchetti to be in office until Aug. 25.  Full Article

Elica Q1 net profit falls to EUR 0.7 mln
Thursday, 12 May 2016 11:20am EDT 

Elica SpA : Q1 revenue 103.3 million euros ($117.64 million) versus 96.3 million euros a year ago .Q1 net profit 0.7 million euros versus 1.2 million euros a year ago.  Full Article

Elica SpA proposes FY 2015 dividend
Monday, 21 Mar 2016 08:00pm EDT 

Elica SpA:Proposes dividend of 0.0098 euro per share.  Full Article