Giorgio Fedon & Figli changes its top management

The Shareholders' Meeting of Giorgio Fedon & Figli S.p.A. examined and approved the financial statements as to 31 December 2015. Revenues amounted to 71.4 million euro, recording a 14% increase with respect to 2014 in all the business lines. EBITDA, equal to 4.3 million euro, increased by 4.5% with respect to 2014, while the EBIT, which amounted to 2.4 million euro, was up by 3.5% compared to 2014. The net profit was 1.5 million euro, increasing by 18% with respect to 31 December 2014. The net financial position is 5.4 million euro (6.5 million as to 31 December 2014). The Shareholders' Meeting approved the allocation of the profit for the year, distributing a dividend of 0.35 euro per share to the shareholders, and then appointed the Board of Directors for the three year period 2016-2018, which in turn, appointed Maurizio Schiavo as the new Managing Director.(Ph.: President Callisto Fedon with the new Managing Director Maurizio Schiavo)