SMRE SpA

SMRE SpA is an Italy-based company engaged in the machinery, equipment and components industry. The Company focuses on the design, development and construction of industrial machines for other engineering entities. Its products portfolio encompasses machinery for the production of awnings and blinds, structures in flexible polyvinyl chloride (PVC), tarpaulins, banners, covers, duct pipes, sails, filtrations, inflatables, pool covers, industrial doors, insect screens and green houses, agricultural covers, reservoir covers, weather protection or winds screens for agricultural use. The Company provides technologies, such as sewing, cutting and welding, such as hot air, hot melt, ultrasonic and impulse, among others. The main shareholder of the Company is MTI Holding Srl.

Executive
Full List of Officers

Samuele Mazzini
Chairman, Chief Executive Officer

Gabriele Amati
Director

Giampaolo Giammarioli
Director

Daniela Ingrosso
Director, Investor Relations Officer

Elisabetta Ricci
Director

Paolo Pietrogrande
Independent Director

Date of incorporation
Country of incorporation ITA
Phone +39 06 69397030
Fax +39 03 31789141
Investor relations contact

+39 05 9446111

Free float 21849061
Security description Common Stock
Main venue Italian SE (Mercato Continuo Italia)
Ticker at main venue SMR
Location

Piazza Antonio Meucci
1 Loc. Montecastelli
06019 UMBERTIDE

Share price
/
 
Earnings per share
=
-247.02
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
EBIT
=
INF
Price
x
 
Shares
/
 
Net Sales
=
12.86
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
Net sales
=
14.1
Price
x
 
Shares
/
 
Own capital
=
12.77
Earnings per share
x
 
Shares
/
 
Own capital
=
-0.05%
Dividend per share
/
 
Price
=
-0.03%
2017 2016 2015 2014 2013
Income statement
Revenue 17.01 9.82 9.10 6.75 5.23
Other Revenue, Total
Total Revenue 17.01 9.82 9.10 6.75 5.23
Revenue Change 73.2% 8% 34.7% 29.2%
Cost of Revenue, Total 11.19 6.44 6.30 4.47 3.24
Gross Profit 5.82 3.38 2.80 2.29 1.99
Selling/General/Admin. Expenses, Total 5.03 2.65 2.20 1.57 1.33
EBITDA 1.00 0.59 0.46 0.56 0.48
EBITDA margin (%) 5.9% 6% 5.1% 8.2% 9.2%
Research & Development
Depreciation/Amortization 1.46 1.07 0.71 0.80 0.66
Interest Exp.(Inc.),Net-Operating, Total
Unusual Expense (Income) 0.36 0.09 0.01 0.17 0.00
Other Operating Expenses, Total -0.57 0.06 0.13 -0.01 0.18
Total Operating Expense 17.47 10.31 9.35 7.00 5.41
Operating Income -0.46 -0.49 -0.25 -0.24 -0.18
EBIT margin (%) -2.7% -4.9% -2.8% -3.6% -3.4%
Interest Inc.(Exp.),Net-Non-Op., Total
Gain (Loss) on Sale of Assets
Other, Net 0.05 0.01 0.00 0.02 0.04
Net Income Before Taxes -0.70 -0.57 -0.33 -0.29 -0.18
Provision for Income Taxes -0.25 -0.10 -0.06 0.03 -0.00
Net Income After Taxes -0.44 -0.47 -0.27 -0.32 -0.18
Minority Interest -0.20 0.00 0.00 0.00
Equity In Affiliates
U.S. GAAP Adjustment
Net Income Before Extra. Items -0.65 -0.47 -0.27 -0.32 -0.18
Total Extraordinary Items
Net Income -0.65 -0.47 -0.27 -0.32 -0.18
Total Adjustments to Net Income
Income Available to Com Excl ExtraOrd -0.65 -0.47 -0.27 -0.32 -0.18
Income Available to Com Incl ExtraOrd -0.65 -0.47 -0.27 -0.32 -0.18
Dilution Adjustment
Diluted Net Income -0.65 -0.47 -0.27 -0.32 -0.18
Diluted Weighted Average Shares 21.05 19.25 19.25 19.25 19.25
Diluted EPS Excluding ExtraOrd Items -0.03 -0.02 -0.01 -0.02 -0.01
DPS - Common Stock Primary Issue 0.00 0.00
Diluted Normalized EPS -0.02 -0.02 -0.01 -0.01 -0.01
Balance sheet
Cash 8.41 6.22 3.46 2.04
Cash & Equivalents 0.82 0.00 0.00 0.00 1.71
Short Term Investments 0.00 0.00 0.00 0.04 0.03
Cash and Short Term Investments 9.23 6.22 3.46 2.08 1.75
Accounts Receivable - Trade, Net 8.00 2.06 2.31 2.42
Total Receivables, Net 12.89 3.04 2.98 3.15 2.97
Total Inventory 5.80 4.31 2.81 2.81 2.24
Prepaid Expenses 0.47 0.07 0.05 0.11 0.25
Other Current Assets, Total 0.75 0.41 0.27 0.09
Total Current Assets 29.13 14.06 9.58 8.24 7.21
Property/Plant/Equipment, Total - Gross 9.80 5.25 4.40 2.66 1.06
Accumulated Depreciation, Total -3.24 -1.09 -0.86 -0.66 -0.34
Property/Plant/Equipment, Total - Net 6.56 4.15 3.53 2.00 0.72
Goodwill, Net 1.96
Intangibles, Net 2.47 1.81 0.97 0.94 1.13
Long Term Investments 0.48 0.29 0.02 0.03 0.22
Note Receivable - Long Term 0.36 0.00 0.00 0.01 0.01
Other Long Term Assets, Total 0.00
Total Assets 40.97 20.32 14.10 11.21 9.29
Accounts Payable 5.51 2.87 2.39 1.59
Payable/Accrued
Accrued Expenses 0.72 0.11 0.08 0.09 0.03
Notes Payable/Short Term Debt 0.00 0.00 0.00 0.00 0.00
Current Port. of LT Debt/Capital Leases 3.48 0.44 0.29 0.49 2.56
Other Current liabilities, Total 4.57 2.26 1.58 1.40
Total Current Liabilities 14.27 5.68 4.34 3.58 2.59
Long Term Debt 8.72 4.35 4.37 2.05 0.81
Capital Lease Obligations
Total Long Term Debt 8.72 4.35 4.37 2.05 0.81
Total Debt 12.20 4.79 4.66 2.54 3.37
Deferred Income Tax
Minority Interest 1.38 0.00 0.00
Other Liabilities, Total 1.66 0.40 0.33 0.25 0.22
Total Liabilities 26.02 10.43 9.04 5.88 3.62
Redeemable Preferred Stock, Total
Preferred Stock - Non Redeemable, Net
Common Stock, Total 2.11 1.92 1.71 1.71 1.71
Additional Paid-In Capital 13.55 8.10 2.99 2.99 2.99
Retained Earnings (Accumulated Deficit) -0.75 -0.10 0.37 0.64 0.97
Treasury Stock - Common
ESOP Debt Guarantee
Unrealized Gain (Loss) 0.00 0.00 0.00 0.00
Other Equity, Total 0.03 -0.04 -0.00
Total Equity 14.94 9.89 5.07 5.34 5.67
Total Liabilities & Shareholders Equity 40.97 20.32 14.10 11.21 9.29
Total Common Shares Outstanding 21.05 19.25 19.25 19.25 19.25
Total Preferred Shares Outstanding
Tangible Book Value per Share, Common Eq 0.50 0.42 0.21 0.23 0.24
Cashflow
Net Income/Starting Line -0.44 -0.47 -0.27
Depreciation/Depletion 1.46 1.07 0.71
Amortization
Deferred Taxes
Non-Cash Items 0.85 0.40 0.19
Changes in Working Capital -4.12 -0.85 0.96
Cash from Operating Activities -2.25 0.16 1.59
Capital Expenditure -2.42 -2.61 -2.28
Other Investing Cash Flow Items, Total -1.81 -0.19 0.04
Cash from Investing Activities -4.23 -2.80 -2.24
Financing Cash Flow Items
Total Cash Dividends Paid
Issuance (Retirement) of Stock, Net 5.63 5.33 1.45
Issuance (Retirement) of Debt, Net 3.86 0.07 0.62
Cash from Financing Activities 9.49 5.40 2.07
Foreign Exchange Effects
Net Change in Cash 3.01 2.76 1.42
Cash Interest Paid
Cash Taxes Paid
Values are in EUR and expressed in million