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Source: El.En. September 2018
El.En. SpAItaly
50%
100%
70%
100%
85%
60%
Quanta System SpA
Italy
Lasit SpAItaly
DEKA S.a.r.l.France
Penta Laser Europe SrlItaly
OT-LAS SrlItaly
ASA SrlItaly
50%
100%
Cutlite do Brasil LtdaBrazil
98,27%
55%
100%
Esthelogue SrlItaly
96,65%
50%
78,85%
100%
100%
IND-MED MEDICAL INDUSTRIAL OTHER
DEKA Co LtdJapan
55%
50%
Penta-Laser EquipmentWenzhou Co. Ltd
China
53,535%
Accure Quanta Inc.USA
100%
Merit DueItaly
100%
B O A R D M E M B E R S O W N E R S H I P
AUDITING COMPANY
DELOITTE & TOUCHE SPA
BOARD OF D IRECTORS
Chairman Gabr ie le C lement i
Andrea Cang io l iBarbara Bazzocch i
Board Members Fab ia Romagno l i ( Independent )
Miche le Legna io l i ( Independent )A lber to Pecc i (Not Execut ive)
INTERNAL CONTROL COMMITTEE
Fab ia Romagno l iM iche le Legna io l i
A lber to Pecc i
GROUP STRUCTURE
CORPORATE GOVERNANCE
SHAREHOLDERS
COMPANY PROFILE
SPECIALIST BROKER
CODE OF
CONDUCT ON INSIDER DEALING
El.En. S.p.A. is an Italian hi-tech industrial group operating in opto-electronics with proprietary technologies
and know-how developed over 35 years of experience. We are an international group counting more than 20
companies active worldwide in several market segments involving laser technologies applications.
Since its foundation El.En. constantly increased its turnover, leveraging and expanding its global presence.
We benefit of a worldwide distribution network, count over 1.200 employees and more than 35,000 installed
laser sources.
We design, manufacture and sell on a global basis:
Ÿ medical laser devices used in dermatology, surgery, aesthetics, physiotherapy, dentistry and
gynecology;
Ÿ industrial laser systems for applications ranging from cutting, marking and welding of metals, wood,
plastic and glass to the decoration of leather, paper, cardboard and fabrics;
Ÿ laser systems for the conservation of the cultural heritage.
El .En. SpA v i a B a l d a n z e s e , 1 75 0 0 4 1 C a l e n z a n oF i r e n z e - I t a l yt e l . : ( + 3 9 ) 0 5 5 . 8 8 . 2 6 . 8 0 7f a x . : ( + 3 9 ) 0 5 5 . 8 8 . 3 2 . 8 8 4
The directors and others relevant persons must report all transactions completed with a value equal to Euro 20.000 or more within any given calendar year.
INVESTOR RELATIONS MANAGER
ENRICO ROMAGNOLI
TEL: (+39) 055-8826807
FAX:(+39) 055-8832884
finance@elen.it
INVESTOR RELATIONS
Rome - Tel: (+39) 06 69923324
E-mail: polytemshir@polytemshir.it
STATUTORY AUDITORS
Permanent AuditorsPaolo Casel l i
R i ta Pelagot t i
33% 50%
17%
Independent 33%
Executive 50%
Not Executive 17%
Source: EL.EN. May 2018
Andrea Cangioli
2.927.688 shares
Gabriele Clementi
1.885.122 shares
Barbara Bazzocchi
988.496 shares
Alberto Pecci
2.078.456 shares
Michele Legnaioli
640 shares
INTERMONTE S IM S.p.A.
Managing Directors
5,12%
9,77%
15,17%
7,51%
Andrea Cangioli 15,17%
Gabriele Clementi 9,77%
Barbara Bazzocchi 5,12%
Alberto Pecci 10,77%
Immobiliare del Ciliegio Srl 7,51%
Kempen Oranje partecipaties nv 5,80%
Market 45,86%
45,86%
5,80%
PresidentVincenzo Pi l la
GENERAL MANAGERPaolo Salvadeo
10,77%
Cutlite Penta SrlItaly
Asclepion LaserTechnologies GmbH
Germany
Pharmonia srlItaly
DEKA M.E.L.A. SrlItaly
Penta-Chutian Laser (Wuhan) Co. Ltd
China
100%
WITH US Co LtdJapan
BRCTUSA
DEKA Medical Inc.USA
CONSOLIDATED INCOME STATEMENT
30/09/18 Inc % 30/09/17 Inc % Var. %
Revenues 243.437 100,00% 218.412 100,00% 11,46%
Change in inventory of finished goods and WIP 15.497 6,40% 8.329 3,80% 86,07%
Other revenues and income 2.950 1,20% 2.549 1,20% 15,72%
Value of production 261.884 107,60% 229.290 105,00% 14,22%
Purchase of raw materials 160.576 66,00% 122.238 56,00% 31,36%
Change in inventory of raw material -13.238 -5,40% 191 0,10%
Other direct services 18.240 7,50% 15.963 7,30% 14,27%
Gross margin 96.306 39,60% 90.899 41,60% 5,95%
Other operating services and charges 30.418 12,50% 25.887 11,90% 17,50%
Added value 65.888 27,10% 65.012 29,80% 1,35%
Staff cost 41.852 17,20% 38.464 17,60% 8,81%
EBITDA 24.036 9,90% 26.548 12,20% -9,46%
Depreciation, amortization and other accruals 4.029 1,70% 4.387 2,00% -8,17%
EBIT 20.007 8,20% 22.160 10,10% -9,72%
Net financial income (charges) 522 0,20% -3.041 -1,40%
Share of profit of associated companies -615 -0,30% -11 0,00% 5481,63%
Other non-operating income (charges) -6 0,00% 0 0,00%
Income (loss) before taxes 19.908 8,20% 19.108 8,70% 4,19%
0
3.000
6.000
9.000
12.000
15.000
18.000
21.000
24.000
27.000
30.000
26.54824.036
30/09/201830/09/2017
Source: El.En. S.p.A.
EBITDA
0
10.000
20.000
30.000
40.000
50.000
60.000
70.000
80.000
90.000
84.506
31/12/2017
Source: El.En. S.p.A.
NET FINANCIAL POSITION
54.810
30/09/2018
Medical sector 138.837 M€
Industrial sector 104.600 M€
Italy 42.281 M€
Europe 47.385 M€
Rest of the world 152.771 M€
REVENUES BREAKDOWN AT SEPTEMBER 30th 2018
57,03%
42,97%
19,46%
62,76%
17,78%
NET FINANCIAL POSITION
155
30/09/2018 31/12/2017
Cash and cash equivalents 66.609 99.388
Short term financial receivables 90
Financial short term liabilities -5.220 -9.161
Net current financial position 61.479 90.381
Financial long term liabilities -6.669 -5.875
Net financial position 54.810 84.506
STATISTICS AND INDICES
N. shares traded (split adjusted)
Nov 1-27, 2018
Lutronic
Cutera
Source: El.En. S.p.A.
COMPARABLES
Han’s Laser
IPG
Prima Industr ie
€ 21.585.624€ 1.136.085
90.871 73.621
€ 630.147.112€ 2.414.357
23.626.348 1.398.798
YoY (Nov 15, 2017-Nov 14,2018)
Sisram Medical
Last price (27/11/2018)
Range(-1 Y):
Stock performance
FTSE IT STAR Index performance
14,62
-1 Y-6 M-1 M
-1 Y-6 M-1 M
max 34,54 (03/05/18) min 13,60 (21/11/18)
- 44,50%- 51,57%- 12,99%
- 15,04%- 15,15%+ 0,06%
STOCK PERFORMANCE
Source: Borsa ItaliaFTSE IT STAR
Jan 2018
30%
0K
250K
0%
May 2018
20%
500K
Sep 2018
El.En.
10%
-10%
-20%
-30%
-40%
Company: EL.EN.SPA
Borsa MTAX
ISIN - IT0005188336
Ticker - ELN
Share capitalNO. SHARESof which: -Ordinary shares
-Preferred sharesNominal value Capitalization (27/11/2018)Minimum amount tradedDate of quotationIPO
2.508.671
19.297.472 00000000,13
111/12/200029,9 mil euro
SectorElectronic & Electrical Equipment
Sub-SectorElectronic Equipment
Latest dividend€ 0,40
Ex-dividend date30/05/2018
285 mil euro
KEY F IGURESSTOCK INFORMATION
C O P Y R I G H T 2 0 1 6 - A L L R I G H T S R E S E R V E D P O LY T E M S H I R©
Note: The information shown are organized in conformity with the international accounting principles, IAS/IFRS. All amounts are expressed in thousands of Euro, unless otherwise stated.Data and information from draft financial statement as of September 30, 2018 were unaudited
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Reuters
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