Italian steel company Lucchini RS, a part of Sinpar Group which is owned by the Lucchini family, ended 2011 with a turnover of €311 million, thanks to a 27 percent year-on-year increase in sales volumes, as reported by Italian media sources. EBITDA amounted to €52.7 million, representing 16.9 percent of the turnover.
The most satisfactory financial result is the €18.9 million net profit, achieved despite €20.1 million in depreciation and impairment, €5.3 million in borrowing costs and €9.6 million paid for taxes and duties. The company, which manufactures wheelsets for the railway sector, considers its 2011 budget to be "positive, especially given the difficult economic phase in Italy and Europe."
Last year Lucchini RS invested €30.2 million. The net assets of the group are worth €211.6 million.
However, forecasts for 2012 are less positive than those made for 2011. Lucchini RS speaks of "a very delicate year, because of the general market situation, characterized by few investments, low liquidity and reduced investments in infrastructure" in various areas of the world.