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Landi Renzo SpA (LR.MI)

LR.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Landi Renzo Q1 net loss shrinks to EUR 3.0 mln
Thursday, 11 May 2017 07:27am EDT 

May 11 (Reuters) - LANDI RENZO SPA ::Q1 REVENUE EUR 46.8 MILLION VERSUS EUR 41.4 MILLION YEAR AGO.Q1 NET LOSS EUR 3.0 MILLION VERSUS LOSS EUR 4.2 MILLION YEAR AGO.CONFIRMS THAT A MODERATE BUSINESS GROWTH AND A SLIGHT MARGIN RECOVERY IN TERMS OF EBITDA ADJUSTED ARE EXPECTED ALREADY IN 2017.  Full Article

Landi Renzo appoints Cristiano Musi CEO
Friday, 28 Apr 2017 09:08am EDT 

April 28 (Reuters) - Landi Renzo SpA ::Board appoints Cristiano Musi CEO.  Full Article

Landi Renzo updates on prelim. agreement for sale of business unit to AVL
Wednesday, 26 Apr 2017 04:42am EDT 

April 26 (Reuters) - Landi Renzo SpA ::Says consideration in prelim. agreement signed on April 20 nFWN1HS0EA for sale of business unit to AVL is EUR 5.7 million ($6.22 million) gross of transferred liabilities estimated at EUR 100,000.Transaction will have negative impact of around EUR 500,000 on 2017 results for write-off of book value of transferred assets, with positive impact of about EUR 1,000,000 in cash.From 2018 it will have positive impact for reduction of fixed costs, with EBIT improvement of about EUR 3,000,000 on annual basis and EBITDA improvement of about EUR 1,500,000 per annum.  Full Article

Landi Renzo signs prelim. agreement for sale of a R&D business unit to AVL
Thursday, 20 Apr 2017 06:42am EDT 

April 20 (Reuters) - Landi Renzo SpA ::Landi Renzo and AVL sign a preliminary agreement for the sale of business unit related to part of research and development center to AVL.Can continue to use the portion of the R&D center managed by AVL.  Full Article

Landi Renzo finalizes optimization agreement of group financial structure
Thursday, 30 Mar 2017 09:47am EDT 

Landi Renzo SpA : Optimization agreement of the group financial structure was finalized following completion of application process by all banks involved .Following finalization of optimization agreement, controlling shareholder also made payment for future capital increase of parent company totalling 8.9 million euros ($9.56 million).  Full Article

Landi Renzo FY group net loss shrinks to EUR 25.2 mln
Tuesday, 28 Mar 2017 02:58am EDT 

Landi Renzo SpA : Reported on Monday FY revenue 184.2 million euros ($199.97 million) versus 205.5 million euros a year ago . FY group net loss 25.2 million euros versus loss 35.3 million euros a year ago .Expects a light growth of the Business but with an EBITDA recovery in 2017.  Full Article

Landi Renzo: bondholders approve to postpone payment of principal amount instalment due Dec. 31
Friday, 30 Dec 2016 06:48am EST 

Landi Renzo SpA :Bondholders approve to postpone the payment of the principal amount of bond "Landi Renzo 6,10% 2015-2020" due Dec. 31 to April 30, 2017.  Full Article

Landi Renzo H1 net loss widens to EUR 12.5 mln
Tuesday, 27 Sep 2016 09:15am EDT 

Landi Renzo SpA : Reports H1 turnover 89.3 million euros ($100.06 million) versus 98.1 million euros a year ago . H1 net loss 12.5 million euros versus loss 7.2 million euros a year ago . Sees FY 2016 turnover between 180 million euros and 190 million euros .Sees FY 2016 normalized EBITDA between 4 million euros and 6 million euros.  Full Article

Landi Renzo H1 prelim turnover EUR 89.3 million
Thursday, 28 Jul 2016 11:50am EDT 

Landi Renzo SpA :H1 prelim turnover 89.3 million euros ($99.04 million).  Full Article

Landi Renzo Q1 net loss widens to EUR 4.2 mln, confirms FY 2016 outlook
Thursday, 12 May 2016 08:53am EDT 

Landi Renzo SpA : Q1 turnover 41.4 million euros ($47.21 million) versus 45.6 million euros a year ago . Q1 net loss 4.2 million euros versus loss of 2.8 million euros a year ago . Q1 net financial expenses rose by 0.6 million euros to 1.3 million euros compared to Q1 2015 due to the higher cost of the debt relating to the "LANDI RENZO 6.10% 2015-2020" bond issue .Confirms FY 2016 outlook [nFWN16K024].  Full Article

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BRIEF-Landi Renzo Q1 net loss shrinks to EUR 3.0 mln

* Q1 REVENUE EUR 46.8 MILLION VERSUS EUR 41.4 MILLION YEAR AGO