Gruppo ASA publishes 2016 consolidated financial statements
The San Marino Group has published its consolidated financial statements, certified by PricewaterhouseCoopers, in Italian and English.
Commenting on the economic results for 2016, chairman Emilio Amati said: We worked on a not particularly ‘enthusiastic’ market, which made us reconsider our budget during the year. Despite this unexpected reduction in sales volume, 2016 ended with profits for €104 million, corresponding to an increase in sales by 31%.
“The harmony between the shareholders, the strong and effective cooperation between the board of directors and the executive board, the growth in terms of visibility and reliability of the Group, the interest shown by the financial community for our history, the number of takeovers and the several acknowledgements we have been awarded internationally are the best guarantee of further improvements.”
Guido Cicognani, CFO of the Group, added: ‘In 2016, we gave maximum priority to the reorganisation of the plant bought in Chignolo Po (PV) in January 2016 from Crown Group, which is now perfectly integrated.”