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Tesmec SpA (TES.MI)

TES.MI on Milan Stock Exchange

24 May 2017
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Latest Key Developments (Source: Significant Developments)

Tesmec Q1 net result turns to profit of EUR 0.8 mln
Friday, 28 Apr 2017 08:12am EDT 

April 28 (Reuters) - Tesmec SpA ::Q1 revenue EUR 49.8 million ($54.42 million) versus EUR 40.5 million year ago.Q1 net profit EUR 0.8 million versus loss EUR 0.1 million year ago.Confirms FY 2017 revenue forecast between EUR 160 million and EUR 170 million.Expects FY 2017 EBITDA margin of 15 percent.  Full Article

Tesmec expects revenues in the range of EUR 160-170 mln at the end of 2017
Friday, 10 Mar 2017 07:12am EST 

Tesmec SpA : Expects growth in sales volumes for the Q1 of 2017 ranging from 15 pct to 20 pct, compared to Q1 of 2016 .Expects revenues at the end of 2017 ranging from 160 million euros ($63.64 million) to 170 million euros on the basis of which it is reasonable to assume an EBITDA of about 15 pct.  Full Article

Tesmec prelim. FY net result swings to loss of EUR 3.8 mln
Friday, 3 Mar 2017 11:54am EST 

Tesmec SpA : Preliminary 2016 revenues at 128.5 million euros ($135.59 million) compared to 164.4 million euros in 2015 . For the first quarter of 2017 the group expects a growth in sales volumes between 15 pct and 20 pct compared to the first quarter of 2016 . Preliminary profit in 2016 negative for 3.8 million euros compared to 2015 when it was positive for 7.1 million euros .Preliminary consolidated results of 2016 suffer both for the negative trend of the trencher segment in the U.S. and in the Middle East and for its stronger orientation towards customer service.  Full Article

Tesmec board approves transactions involving properties in Grassobbio, Padua and Patrica
Wednesday, 21 Dec 2016 11:24am EST 

Tesmec Spa : Says board approved related-party transactions involving properties in Grassobbio, Padua and Patrica .As result of transactions group will have an improvement of net financial position as at Dec. 31 for 17.7 million euros ($18.45 million)and a reduction of net income for 1.5 million euros.  Full Article

Tesmec signs agreement for acquisition of business unit of Ampere
Monday, 1 Aug 2016 11:43am EDT 

Tesmec Spa : Signs agreement for acquisition of business unit of Ampere Srl .Acquisition of business unit of ampere is worth 0.1 million euros ($111,720.00) plus earn out equal to 1 percent of unit's turnover reached in next 13 months.  Full Article

Tesmec and Rosseti to cooperate in launch of SMT in Russia
Thursday, 16 Jun 2016 10:14am EDT 

Tesmec SpA :Signs protocol of intent (Memorandum of Understanding) with Russia-based Rosseti for technological cooperation in launch of Smart Metering Tool (SMT) in Russia.  Full Article

Tesmec revokes resolution on merger of Tesmec Service in tesmec
Tuesday, 31 May 2016 05:28am EDT 

Tesmec SpA : Revokes resolution on merger of wholly owned unit Tesmec Service Srl in Tesmec .The decision was made to focus on railway activity in the light of positive outlook in the target market.  Full Article

Tesmec Q1 net result swings to loss of EUR 0.1 mln
Monday, 9 May 2016 01:24am EDT 

Tesmec SpA : Reported on Friday Q1 net loss of 0.1 million euros ($114,050.00) versus profit of 2.8 million euros a year ago .Q1 revenue 40.5 million euros versus 34.4 million euros a year ago.  Full Article

Tesmec SpA signs prelim. agreement to buy 100 pct of CPT Engineering
Friday, 1 Apr 2016 12:10pm EDT 

Tesmec SpA:Signs preliminary agreement for the acquisition of 100 percent of CPT Engineering (CPT).Transaction involves acquisition of the entire share capital of CPT at a maximum price of 1.1 million euros.Transaction price is split in a fixed amount of 300,000 euros and a variable amount of maximum 800,000 euros.Variable amount consists in earn-out related to achievement of certain target revenues by CPT and to its economic balance.To use equity to pay for the transaction price.CPT Engineering is specialized in the design and development of solutions for monitoring, protection and industrial automation and systems for power grid technologies.  Full Article

Tesmec SpA proposes FY 2015 dividend
Monday, 14 Mar 2016 07:54am EDT 

Tesmec SpA:Proposes dividend of ‍0.025​ euro per share.  Full Article

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