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Deoleo SA (OLEO.MC)

OLEO.MC on Madrid SE C.A.T.S.

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Latest Key Developments (Source: Significant Developments)

Deoleo Q1 EBITDA up 23 pct at 11.9 million euros YoY
Tuesday, 25 Apr 2017 11:43am EDT 

April 25 (Reuters) - Deoleo SA ::Q1 EBITDA 11.9 million euros ($13.0 million) versus 9.6 million euros year ago.Q1 net loss 7.6 million euros versus loss 9.9 million euros year ago.Q1 sales 175.1 million euros versus 169.1 million euros year ago.  Full Article

Deoleo proposes up to 323 mln euro share capital reduction
Tuesday, 4 Apr 2017 02:03am EDT 

Deoleo SA : Announced on Monday a proposal to reduce share capital by at least 300 million euros ($320.0 million) and up to 323 million euros, with a nominal share price to be set at between 0.12 euro and 0.10 euro .Says shareholder CVC does not intend to delist the company.  Full Article

Deoleo signs agreement to rent Inveruno plant in Italy
Monday, 3 Apr 2017 01:32am EDT 

Deoleo SA : Said on Friday its unit Carapelli Firenze SPA signed a contract with The Organic Factory (TOF) to rent its Inveruno plant for a period of four years, with purchase option from the third year .The also includes the transfer of 36 workers and a copacking agreement, also for a period of 4 years.  Full Article

Deoleo reaches deal with unions to lay off 65 workers
Monday, 13 Mar 2017 04:59am EDT 

Deoleo SA : Reaches agreement with the workers' representatives .Agrees to lay off 65 workers instead of 95 [nFWN1GL0J4].  Full Article

Deoleo to lay off 65 employees instead of 95 - Unions
Wednesday, 8 Mar 2017 10:25am EST 

CCOO de Industria: Says reaches preliminary agreement with Deoleo for the lay off of 65 employees instead of 95 previously proposed . The pre-agreement to be submitted for employees' approval Further company coverage: [OLEO.MC] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Deoleo FY net loss widens to 179 million euros
Wednesday, 1 Mar 2017 02:17am EST 

Deoleo SA : Reported on Tuesday FY net sales at 695.2 million euros ($733.9 million) versus 817.3 million euros year ago . FY EBITDA up 30 percent at 46 million euros year-on-year . FY net loss widens to 179.1 million euros versus loss of 61.3 million euros year ago . To register 96.3 million euros of impairment in balance sheet, of which 66.2 million euros related to brands impairment . FY non-recurring expenses 33.6 million euros, majority related to ordinary expenses resulting from quality crisis in Italy in 2015 .Regulatory changes in Spain adopted by the government at the end of 2016 have had an additional negative impact of 53.3 million euros on the parent company of the group.  Full Article

Deoleo approves reorganization plan affecting about 14 pct of workforce
Thursday, 26 Jan 2017 11:42am EST 

Deoleo SA : Approves reorganization plan affecting about 95 jobs, that is 14 percent of total workforce .To focus production and increase capacity in Alcolea plant in Cordoba and Tavarnelle plant in Italy.  Full Article

Deoleo updates on its industrial restructuring in Italy
Friday, 23 Dec 2016 01:31am EST 

Deoleo SA : Said on Thursday that its unit Carapelli Firenze SpA has reached an agreement with Italian authorities for the action plan in relation to closure of its Inveruno unit . The action plan comprehends possible agreement with an Italian company The Organic Factory Srl which will rent Inveruno unit for the period of four years with purchase option, accepting about half of the workers affected .Will sign another agreement, according to which the Organic Factory Srl will keep manufacturing for Deoleo.  Full Article

Deoleo H1 net loss widens to 19.8 million euros
Monday, 1 Aug 2016 03:10am EDT 

Deoleo SA : H1 net sales 339.0 million euros ($378.4 million) versus 410.2 million euros year ago . H1 net loss 19.8 million euros versus loss 15.5 million euros year ago . H1 EBITDA 24.1 million euros versus 23 million euros year ago . Net financial debt 543.5 million euros at end of June versus 524.9 million euros at end of Dec. 2015 .Says appoints Pablo Pomares as new CFO.  Full Article

Deoleo future growth focused on value versus volume
Tuesday, 28 Jun 2016 11:31am EDT 

Deoleo SA :Says in its 2016-2021 strategic plan sees to aim at sales growth focused on value versus volume.  Full Article

More From Around the Web

BRIEF-Deoleo Q1 EBITDA up 23 pct at 11.9 million euros YoY

* Q1 EBITDA 11.9 million euros ($13.0 million) versus 9.6 million euros year ago