Firts half yearly report 2016 Fidia Group

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The half yearly report of Fidia Group showed consolidated revenues for 26,985 thousand euros, in comparison with 28.807 in the same period 2015, and gross operating margin positive by 2.257 thousand euros. Revenues in the electronic sector (CNC) reached 1.812 thousand euros, while the High speed milling machines sector (HSM) achieved revenues for 18.605 thousand euros. After sale service sector (Service) achieved revenues for 6.568 thousand euros.

The net result of the Group amounted to 1.230 thousand euro, compared to a value of 873 thousand euros at June 30, 2015. Order entry in the first hals of 2016 was 23,3 million euros, with order intake from HSM sector by 13,9 million euros, and CNC sector achieving a result of 2,8 million euros. The overall order book as at June 30, 2016 amounted to 27,2 million euros, compared to 30,9 million at december 31, 2015. Investments increased in the first half-year by 2,2 million euros, due to the completed transfer of US operations from the old headquarters in Troy to the new headquarters in Rochester Hills, Michigan, in addition to the start of production in the new italian plant in Forlì with large machines.

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