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Sogefi SpA (SGFI.MI)

SGFI.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sogefi says to start coil spring production for passenger cars in China
Wednesday, 17 May 2017 03:08am EDT 

May 17 (Reuters) - Sogefi SpA ::ANNOUNCES A PROJECT TO START COIL SPRING PRODUCTION FOR PASSENGER CARS IN CHINA AT END OF 2018.START OF NEW PRODUCTION SHOULD ENSURE ADDITIONAL ANNUAL SALES OF EUR 20 MILLION FOR COMPANY FROM 2023.  Full Article

Sogefi Q1 net profit up at EUR 11.6 mln
Wednesday, 26 Apr 2017 10:12am EDT 

April 26 (Reuters) - Sogefi SpA ::Q1 revenue EUR 439.1 million ($478.27 million) versus EUR 390.1 million year ago.Q1 net profit EUR 11.6 million versus EUR 2.9 million year ago.Confirms expectation of improvement in profitability in 2017.  Full Article

Sogefi to build factory in Morocco
Tuesday, 21 Mar 2017 04:08am EDT 

Sogefi SpA : Announces a plan to build a new factory in Morocco, the company's first industrial site in Africa . It has already received new orders for both the local market and the European market that will bring in additional annual sales of 30 million euros ($32.39 million) from 2020 .Potential business initiatives currently under negotiation could increase the size of the plant, giving annual sales of 60 million euros in 2021.  Full Article

Sogefi FY net profit jumps to EUR 9.3 mln
Monday, 27 Feb 2017 12:23pm EST 

Sogefi SpA : FY revenue 1.57 billion euros ($1.67 billion) versus 1.50 billion euros a year ago . FY net profit 9.3 million euros versus 1.1 million euros a year ago .Proposes no dividend distribution.  Full Article

Sogefi H1 net profit falls to EUR 8.3 mln, H1 revenue up 4.6 pct yoy
Monday, 25 Jul 2016 12:58pm EDT 

Sogefi Spa : H1 net profit 8.3 million euros ($9.12 million) versus 9.7 million euros a year ago . H1 revenue 798.6 million euros versus 763.7 million euros a year ago .For the whole of 2016 Sogefi expects a positive contribution from North America, China and India; in Europe, in line with what was observed in the first half, growth could be more limited than in 2015, while in the South American market conditions remain difficult.  Full Article

Dayco Eurpoe to pay Sogefi EUR 9.4 mln compensation
Wednesday, 25 May 2016 12:34pm EDT 

Sogefi SpA : Receives outcome of international arbitration procedure that awards compensation of 9.4 million euros ($10.48 million) from Dayco Eurpoe Srl, vendor of the subsidiary Systmes Moteurs Sas, and its guarantor Dayco LLC .Compensation was linked to the claims made by customers after the acquisition of the company Systmes Moteurs Sas in 2011..  Full Article

Sogefi appoints Laurent Hebenstreit CEO and appoints Monica Mondardini Chairman
Friday, 5 Jun 2015 12:23pm EDT 

Sogefi SpA:Appoints Laurent Hebenstreit CEO.Appoints Monica Mondardini Chairman of the Board of Directors.  Full Article

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BRIEF-Sogefi Q1 net profit up at EUR 11.6 mln

* Q1 revenue EUR 439.1 million ($478.27 million) versus EUR 390.1 million year ago