Comer Industries: 2015 financial statements approved
The Shareholders’ Meeting of Comer Industries Spa, which met on April 29 in the Reggiolo headquarters, approved the consolidated financial statements for 2015, which closed with a turnover of 327.6 million euros (361 in 2014), a net financial position of 15.8 million euros
(-3.4 million euros less than in 2014), with a decreased operating income, due to the increased market competition. The net profit grew due to the gain achieved with the sale of the elettroruote product line. Excluding this extraordinary operation, the decrease in revenues was 5.6%. The most significant performance was recorded in the industrial sector, particularly in the wind energy market, which had a significant growth both in Europe and in North America, while agriculture - which accounts for 63% of Group sales - fell by 12.5% compared to 2014.
