Quarterly Report of the Pininfarina Group. Going Concern Viability and Outlook for the Balance of 2009.
Thursday, 12 November 2009
Results in line with the Financial Plan.
Compared with the first nine months of 2008: value of production decreases by 62%, EBITDA are lower but remain positive and the net loss is reduced by 27%.
Compared with December 31, 2008: significant improvement with regard to net borrowings (down more than 50%) and shareholders’ equity following the completion of the Second Phase of the recapitalization and debt restructuring agreements executed with the Lender Institutions.
