Poligrafici Printing SpA

Poligrafici Printing SpA is an Italy-based holding company primarily active in the commercial printing services sector. The Company operates through wholly owned subsidiaries Centro Stampa Poligrafici Srl and Grafica Editoriale Printing Srl and affiliate entity Rotopress International Srl. Grafica Editoriale Printing Srl is engaged in the commercial graphic printing and publishing, including magazines, books, catalogs and leaflets for supermarket chains, among others. Centro Stampa Poligrafici Srl is active in the printing of newspapers published by Poligrafici Editoriale SpA. Rotopress International Srl is involved in the polygraph printing, as well as editorial and commercial graphics. Poligrafici Printing SpA is the industrial branch of the media group Poligrafici – Monrif.

Executive
Full List of Officers

Nicola Natali
Chairman of the Board
Start date: 2011-4-28

Silvio Broggi
Director

Buno MONTI
Director

Bruno Villois
Director

Sergio Vitelli
Independent Director

Date of incorporation
Country of incorporation ITA
Phone +39 051 4592111
Fax +39 051 4592120
Investor relations contact

+39 0547 317199

Free float 3140881
Security description Common Stock
Main venue Italian SE (Mercato Continuo Italia)
Ticker at main venue POPR
Location

Via Mattei, 106
40138 BOLOGNA

Share price
/
 
Earnings per share
=
2.72
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
EBIT
=
INF
Price
x
 
Shares
/
 
Net Sales
=
1.53
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
Net sales
=
1.85
Price
x
 
Shares
/
 
Own capital
=
0.64
Earnings per share
x
 
Shares
/
 
Own capital
=
0.24%
Dividend per share
/
 
Price
=
-0.29%
2017 2016 2015 2014 2013
Income statement
Revenue 25.34 26.14 31.08 55.55 56.68
Other Revenue, Total
Total Revenue 25.34 26.14 31.08 55.55 56.68
Revenue Change -3.1% -15.9% -44% -2% -5.6%
Cost of Revenue, Total 2.75 3.27 6.81 18.11 18.19
Gross Profit 22.59 22.88 24.27 37.44 38.50
Selling/General/Admin. Expenses, Total 6.57 6.71 7.38 12.17 32.56
EBITDA 7.13 7.61 8.56 1.56 6.17
EBITDA margin (%) 28.1% 29.1% 27.6% 2.8% 10.9%
Research & Development
Depreciation/Amortization 2.83 4.65 4.76 4.78 6.87
Interest Exp.(Inc.),Net-Operating, Total
Unusual Expense (Income) -0.00 0.39 -0.01 -0.09 0.60
Other Operating Expenses, Total 8.90 8.17 8.34 23.80 -0.83
Total Operating Expense 21.04 23.18 27.27 58.77 57.38
Operating Income 4.30 2.96 3.81 -3.22 -0.70
EBIT margin (%) 17% 11.3% 12.3% -5.8% -1.2%
Interest Inc.(Exp.),Net-Non-Op., Total
Gain (Loss) on Sale of Assets
Other, Net -0.01 -0.02 -0.04 -0.25 0.00
Net Income Before Taxes 4.24 2.53 3.19 -4.28 -1.46
Provision for Income Taxes 1.21 0.94 1.29 -0.65 0.22
Net Income After Taxes 3.03 1.59 1.90 -3.63 -1.67
Minority Interest
Equity In Affiliates
U.S. GAAP Adjustment
Net Income Before Extra. Items 3.03 1.59 1.90 -3.63 -1.67
Total Extraordinary Items -4.35
Net Income -1.32 1.59 1.90 -3.63 -1.67
Total Adjustments to Net Income
Income Available to Com Excl ExtraOrd 3.03 1.59 1.90 -3.63 -1.67
Income Available to Com Incl ExtraOrd -1.32 1.59 1.90 -3.63 -1.67
Dilution Adjustment
Diluted Net Income -1.32 1.59 1.90 -3.63 -1.67
Diluted Weighted Average Shares 30.49 30.49 30.49 30.49 30.49
Diluted EPS Excluding ExtraOrd Items 0.10 0.05 0.06 -0.12 -0.05
DPS - Common Stock Primary Issue
Diluted Normalized EPS 0.10 0.06 0.06 -0.12 -0.04
Balance sheet
Cash
Cash & Equivalents 1.54 1.11 1.16 0.28 1.12
Short Term Investments
Cash and Short Term Investments 1.54 1.11 1.16 0.28 1.12
Accounts Receivable - Trade, Net 30.24
Total Receivables, Net 13.35 13.07 11.40 30.30 31.64
Total Inventory 0.48 0.52 0.49 2.39 2.53
Prepaid Expenses 0.10
Other Current Assets, Total
Total Current Assets 15.37 14.69 13.05 32.97 35.38
Property/Plant/Equipment, Total - Gross 115.61
Accumulated Depreciation, Total -66.31
Property/Plant/Equipment, Total - Net 17.27 35.09 40.52 45.18 49.30
Goodwill, Net
Intangibles, Net 0.01 0.03 0.05 0.12 0.18
Long Term Investments 4.14 1.82 1.93 1.93 1.67
Note Receivable - Long Term
Other Long Term Assets, Total 0.09 1.03 0.48 1.02 0.86
Total Assets 36.88 52.67 56.03 81.22 87.38
Accounts Payable 3.40 3.96 4.81 13.98 17.35
Payable/Accrued
Accrued Expenses 3.01
Notes Payable/Short Term Debt 0.00 0.00 0.00 0.00 10.32
Current Port. of LT Debt/Capital Leases 4.00 6.01 6.35 17.67 5.99
Other Current liabilities, Total 2.48 3.07 2.62 3.48 0.96
Total Current Liabilities 9.88 13.03 13.78 35.13 37.62
Long Term Debt 0.00 0.25 0.28 0.42 0.11
Capital Lease Obligations 0.41 9.15 13.75 17.03 19.89
Total Long Term Debt 0.41 9.40 14.03 17.45 20.00
Total Debt 4.41 15.40 20.38 35.12 36.31
Deferred Income Tax 0.04 0.02 0.05 0.04 0.56
Minority Interest
Other Liabilities, Total 1.64 3.96 3.40 5.80 2.60
Total Liabilities 11.96 26.41 31.26 58.41 60.78
Redeemable Preferred Stock, Total
Preferred Stock - Non Redeemable, Net
Common Stock, Total 30.49 30.49 30.49 30.49 30.49
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit) -5.58 -4.23 -5.72 -7.68 -3.89
Treasury Stock - Common
ESOP Debt Guarantee
Unrealized Gain (Loss)
Other Equity, Total
Total Equity 24.92 26.26 24.77 22.82 26.60
Total Liabilities & Shareholders Equity 36.88 52.67 56.03 81.22 87.38
Total Common Shares Outstanding 30.49 30.49 30.49 30.49 30.49
Total Preferred Shares Outstanding
Tangible Book Value per Share, Common Eq 0.82 0.86 0.81 0.74 0.87
Cashflow
Net Income/Starting Line 3.03 1.59 1.90 -3.63 -1.67
Depreciation/Depletion 2.83 4.62 4.69 4.70 6.02
Amortization 0.00 0.03 0.06 0.08 0.08
Deferred Taxes 0.00 -0.19 0.56 -1.03 -0.21
Non-Cash Items 0.17 1.18 -2.16 2.67 0.67
Changes in Working Capital -0.55 -2.45 10.59 -1.89 -0.79
Cash from Operating Activities 5.49 4.78 15.64 0.90 4.10
Capital Expenditure -0.96 -0.03 -0.03 -0.60 -2.40
Other Investing Cash Flow Items, Total -0.16 0.04 0.00 0.30 0.81
Cash from Investing Activities -1.11 0.02 -0.03 -0.31 -1.59
Financing Cash Flow Items -3.64 0.10 0.01 -0.07 -0.01
Total Cash Dividends Paid 0.00 0.00 -0.61
Issuance (Retirement) of Stock, Net
Issuance (Retirement) of Debt, Net -0.14 -4.95 -14.74 -1.36 -2.28
Cash from Financing Activities -3.78 -4.84 -14.73 -1.43 -2.89
Foreign Exchange Effects
Net Change in Cash 0.59 -0.05 0.88 -0.84 -0.38
Cash Interest Paid 0.03 0.46 0.65 1.11 0.60
Cash Taxes Paid 0.31 0.13 0.08 0.73 0.45
Values are in EUR and expressed in million