Fnm closes the 9 months with over 521 million in revenues, profit +6.2%
Net profit at 65.2 million, operating cash flow at 139.5 million
Quick Look
- Ferrovie Nord Milano closed the first nine months with revenues of 521.3 million euros (+3.5%), net profit of 65.2 million (+6.2%) and operating cash flow of 139.5 million.
- EBITDA estimates for the entire financial year confirmed.
AI-generated summary
Why It Matters
Ferrovie Nord Milano is 57.57% owned by the Lombardy Region, 14.74% by the Fs group and 27.9% by free float. The company closed the first nine months of the year with revenues growing by 3.5% to 521.3 million euros.
The Ferrovie Nord Milano group closes the first 9 months of the year with revenues growing by 3.5% to 521.3 million euros.
The gross operating margin rose by 1.7% to 187.3 million, the operating profit by 0.6% to 80.7 million and the net profit attributable to the shareholders of the parent company by 6.2% to 65.2 million (57.57% Lombardy Region, 14.74% FS group and 27.9% free float).
The operating cash flow increased from 64.6 to 139.5 million, bringing the available cash from a liability of 43.1 to an asset of 45.7 million, while the net financial position reduced from 776.6 to 728.4 million.
Estimates for the entire year regarding the gross operating margin are confirmed between 230 and 240 million, while those on investments, between 250 and 300 million, and on the net financial position, between 730 and 770 million, are reduced.
Open Questions
- What are the specific details of the reduction in investment estimates?
- What is the exact composition of the 27.9% float?
- What are the detailed forecasts for the fourth quarter of the financial year?
