22 August 2016

Europe Energy concluded the first half of 2016 with a profit of 1.3 million

Europe Energy, an international group based in Verona that operates in the gas and electricity market; trading, consulting and selling directly to the end clients, has concluded the first half of 2016 with a net profit of 1.3 million euro (0.448% of production value, rising compared to the results of the previous year where the net profit was 0.362% of production value) and a turnover of 285.6 million euro. The parent shareholder’s equity has increased to 12.1 million euro compared to 10.8 million euro on September 30th 2015. The Group’s net financial position is improving of 2.5 million euro compared to September 30th 2015. The Group’s financial soundness is supported by its debt/equity ratio equal to 1.23 as of March 31st 2016.“We are happy with the results of the first half of 2016” – has commented Matteo Ballarin, CEO of the Group – “the numbers are in line with the budgets presented to the financial operators and the financial world. The trading activities, core business of the Group” – he adds – “are shifting more and more towards internationalisation. In fact, 2016 will be the first time where the volumes marketed outside Italy will overtake the volumes marketed nationally”.