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Emak SpA (EM.MI)

EM.MI on Milan Stock Exchange

1.81EUR
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Emak: Yama completes sale of 10 pct stake in Emak for total EUR 28 mln
Tuesday, 23 May 2017 01:45am EDT 

May 23 (Reuters) - EMAK SPA ::YAMA S.P.A. COMPLETES THE SALE OF 16,400,000 ORDINARY SHARES OF EMAK AT THE PRICE OF EURO 1.71 PER SHARE.TOTAL VALUE OF THE SHARES SOLD AMOUNTS TO EUR 28 MILLION.THE AMOUNT OF SHARES SOLD CORRESPONDS TO ABOUT A 10 PERCENT STAKE.  Full Article

Emak: Yama launches sale of about 10% Emak’s share capital
Monday, 22 May 2017 11:38am EDT 

May 22 (Reuters) - EMAK SPA ::SAYS YAMA S.P.A. HAS LAUNCHED SALE OF MAXIMUM OF ABOUT 16,400,000 EMAK ORDINARY SHARES, EQUAL TO ABOUT 10% OF EMAK’S SHARE CAPITAL.SAYS UPON COMPLETION OF PLACEMENT, YAMA WILL CONTINUE TO RETAIN CONTROLLING STAKE IN COMPANY.SAYS PLACEMENT WILL BE CARRIED OUT THROUGH AN ACCELERATED BOOK BUILT OFFERING TO PROFESSIONAL INVESTORS IN ITALY AND FOREIGN INSTITUTIONAL INVESTORS.  Full Article

Emak Q1 net profit up at EUR 9.2 mln
Friday, 12 May 2017 04:57am EDT 

May 12 (Reuters) - EMAK SPA ::Q1 NET PROFIT EUR 9.2 MILLION VERSUS EUR 7.3 MILLION YEAR AGO.Q1 REVENUE EUR 119.2 MILLION VERSUS EUR 114.3 MILLION YEAR AGO.ESTIMATES ORGANIC GROWTH IN TURNOVER AT YEAR END BETWEEN 3% AND 4%, WITH THE POSITIVE CONTRIBUTION FROM ALL SECTORS.  Full Article

Emak unit signs binding contract for purchase of 83.1 pct of Lavorwash Group
Wednesday, 10 May 2017 08:00am EDT 

May 10 (Reuters) - EMAK SPA :SAYS THAT IT WAS SIGNED, BY THE SUBSIDIARY COMET S.P.A., A BINDING CONTRACT FOR THE ACQUISITION OF 83.1% OF THE LAVORWASH GROUP.EVALUATED 100% OF LAVORWASH GROUP TO AN ENTERPRISE VALUE OF EUR 55.0 MILLION, EXCLUDING NORMALIZED NET FINANCIAL POSITION.THE DEAL WILL BE FULLY FUNDED THROUGH THE USE OF LIQUID ASSETS CURRENTLY AVAILABLE TO THE GROUP AND NEW MEDIUM TO LONG-TERM BANK DEBT FINALIZED TO THE ACQUISITION.A FURTHER 14.7% STAKE HELD BY ZENITH S.P.A. AND MIGLIARI FAMILY IS REGULATED BY A PUT AND CALL OPTION AGREEMENT TO BE EXERCISED IN 2020.  Full Article

Emak FY net profit rises to EUR 17.6 mln
Thursday, 16 Mar 2017 06:32am EDT 

Emak SpA : Proposes dividend of 0.035 euro per share . FY revenue 391.9 million euros ($420.20 million) versus 381.6 million euros a year ago . FY net profit 17.6 million euros versus 8.8 million euros a year ago .Looks with cautious optimism year 2017, for which it expects to achieve positive results, despite the difficulties caused by the strong volatility in global markets.  Full Article

Emak says in talks to buy Lavorwash
Thursday, 9 Mar 2017 08:33am EST 

Emak SpA : Says there are ongoing negotiations for a possible acquisition by unit Comet SpA of Lavorwash SpA .Expects preliminary agreement for purchase of Lavorwash to be signed in Q2.  Full Article

Emak FY prelim. turnover up 2.7 pct YoY to EUR 391.9 mln
Tuesday, 31 Jan 2017 06:26am EST 

Emak SpA :FY preliminary turnover 391.9 million euros ($419.53 million), up 2.7 percent year on year.  Full Article

Emak H1 net profit rises to EUR 15.8 mln
Friday, 5 Aug 2016 06:41am EDT 

Emak SpA : H1 revenue 229.9 million euros ($256.22 million) versus 227.8 million euros a year ago .H1 net profit 15.8 million euros versus 11.5 million euros a year ago.  Full Article

Emak to acquire 30 pct of Cifarelli for EUR 3.8 mln
Monday, 1 Aug 2016 11:56am EDT 

Emak SpA : Signs agreement for acquisition 30 percent of Cifarelli SpA for 3.8 million euros ($4.25 million) .Cifarelli SpA is active in the production and marketing of professional machines for agriculture and gardening.  Full Article

Emak Q1 net profit up at EUR 7.3 mln
Friday, 13 May 2016 06:35am EDT 

Emak SpA : Q1 revenue 114.3 million euros ($129.66 million) versus 109.8 million euros a year ago .Q1 net profit 7.3 million euros versus 6.9 million euros a year ago.  Full Article

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