July 23, 2014 12:44 PM ET

Auto Components

Company Overview of Carraro Drive Tech SpA

Company Overview

Carraro Drive Tech SpA engages in the design, production, and marketing of integrated power transmission systems for off- and on-highway vehicles. The company offers monolithic and modular, rigid and steering, and suspension and traditional axles; engine and hydrostatic connected mechanical, semi-automatic, and automatic transmissions; planetary, epicycloidal, hydraulic, and slew drives; and electric powertrains for use in agricultural, construction, mining, wind energy, and material handling equipment. Its products target a range of applications from construction equipment to agricultural tractors and light commercial vehicles to trucks and stationary applications. Carraro Drive also provid...

Via Olmo, 37

Campodarsego, PD 35011

Italy

Founded in 2008

Phone:

39 04 99 21 91 11

Fax:

39 04 99 28 91 11

Key Executives for Carraro Drive Tech SpA

Carraro Drive Tech SpA does not have any Key Executives recorded.

Carraro Drive Tech SpA Key Developments

Carraro Drive Tech SpA Reports Unaudited Earnings Results for the Six Months Ended June 30, 2013; Provides Earnings Guidance for the Second Half 2013

Carraro Drive Tech SpA reported unaudited consolidated earnings results for the six months ended June 30, 2013. For the period, the company’s revenues from sales were €368.4 million compared to €407.3 million of the first half of 2012 (9.6%) and a variable margin that is up compared to the same period last year, both in absolute terms and in terms of ratio to turnover, due to continuous improvements in industrial processes, and in the efficiency of the procurement of direct materials as well as the startup of the activities of insourcing, leading to reduced costs for processing by third parties. The EBITDA as at June 30, 2013 amounted to €31.4 million (8.5% of turnover) up 12.9% compared to the €27.8 million (6.8% of turnover) recorded as at June 30, 2012. Turnover for the Drive Tech Business Area is expected to be slightly up in the second half 2013 of the year compared to the first half 2013, although the sectors will be subject to different trends.

Carraro Drive Tech SpA Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012

Carraro Drive Tech SpA announced unaudited earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported turnover was €147.8 million against €153.9 million a year ago. In terms of profitability, EBITDA for the third quarter was equal to €8 million (5.4% of turnover), up 9.2% compared to €7.3 million (4.7% of turnover) for the third quarter of 2011. For the nine months, the company reported turnover was €484.3 million against €433.8 million a year ago, due mainly to the acquisition of new market shares, a growth in demand and the introduction of new products. EBITDA was equal to €25.8 million (5.3% of turnover), up 29.5% compared to €19.9 million (4.6% of turnover) as at September 30, 2011. The major improvement in profitability, also in the percentage accounting for turnover, is attributable to the optimization of the supply chain and in-sourcing of some components, as well as higher sales volumes compared to the previous year.

Carraro Drive Tech SpA Reports Earnings Results for the First Half Ended June 30, 2012

Carraro Drive Tech SpA reported earnings results for the first half ended June 30, 2012. The company reported first half of 2012 had an increase in turnover of 20.2% from EUR 279.9 million to EUR 336.5 million and an increase in profitability of 41.2% the EBITDA increased from EUR 12.6 million to EUR 17.8 million compared to the same period of the previous fiscal year. The positive trend of growth of sale volumes that had characterised the second half of 2011 continued due to the acquisition of new market shares and the launch of new products.

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