SORIN GROUP ANNOUNCES FINAL FINANCIAL RESULTS FOR 2014
Consolidated results for 2014:
Revenues were €746.9 million, up 3.4%1 compared to 2013;
Adjusted net profit2 was €55.1 million compared to €60.8 million in 2013, including a €5.3 million impact from New Ventures and a €10.0 million unfavorable foreign exchange effect
Net financial debt as of December 31, 2014 was €124.4 million, compared to €68.7 million as of December 31, 2013.
For 2015, the Company expects revenues to grow 4-6%1 over 2014 and Adjusted net profit2 substantially in line with 2014.
For the first quarter of 2015, Sorin Group expects revenues to grow 2-3%1.
1 At comparable exchange rates and perimeter
2 Adjusted net profit: net profit before after-tax non-recurring income and expenses (special items)
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Published on March, 16 2015 by Francesca Rambaudi