Earnings release
Page 1
■ INTEK GROUP Registered office : 20121 Milan ( MI ) - Foro Buonaparte 44 Share capital Euro 335,069,162.51 , fully paid - up Tax Code and Milan Companies Register no . 00931330583 www.itkgroup.it THE BOARD OF DIRECTORS OF INTEK GROUP SPA HAS APPROVED THE HALF - YEAR FINANCIAL REPORT AS AT 30 JUNE 2021 , WITH THE SEPARATE FINANCIAL STATEMENTS SHOWING THE FOLLOWING : NET INVESTMENTS PRESS RELEASE HOLDING COMPANY NET FINANCIAL DEBT SHAREHOLDERS ' EQUITY NET PROFIT / ( LOSS ) * Net profit ( loss ) for the first half of 2020 IN MILLIONS OF EURO CULTI MILANO : 30/06/2021 572.7 69.5 503.1 ( 3.9 ) 31/12/2020 570.3 63.2 507.2 KME : EBITDA AS AT 30 JUNE 2021 OF EURO 47.6 MILLION ; 17.4 % HIGHER COMPARING TO THE FIRST HALF OF 2020 ( EURO 40.6 MILLION ) ( 4.2 ) * AGREEMENT WITH EREDI GNUTTI METALLI EXECUTED FOR THE ACQUISITION OF THE ITALIAN ROLLED PRODUCTS BUSINESS *** DISPOSAL OF 55 % OF THE SPECIAL PRODUCTS BUSINESS AND ACQUISITION OF THE AURU BIS ROLLED FLAT PRODUCT BUSINESS CURRENTLY BEING FINALISED CONSOLIDATED EBITDA OF EURO 1.7 MILLION ( EURO 1.0 MILLION IN THE FIRST HALF OF 2020 ON A LIKE - FOR - LIKE BASIS ) CHINESE JOINT VENTURE BEGINS OPERATING The Board of Directors of Intek Group SpA ( hereinafter also " Intek Group " or the “ Company " ) , a holding of diversified investments with the objective of a dynamic management of its holdings , has approved today the half - year financial report as at 30 June 2021 . As at 30 June 2021 , the net investments held by the Company amounted to Euro 572.7 million ( Euro 570.3 million at the end of 2020 ) , of which 89 % in the " copper " sector and the remainder in financial and real estate assets . The Company maintains a sound financial structure : Shareholders ' Equity as at 30 June 2021 amounted to Euro 503.1 million compared to Euro 507.2 million as at 31 December 2020. The change is to be attributed primarily to the result for the period , negative by Euro 3.9 million ( loss of Euro 4.2 million in the first half of 2020 ) in the absence of income from equity investments . 1