Last €1.98 EUR
Change Today -0.019 / -0.95%
Volume 16.5K
CARR On Other Exchanges
Symbol
Exchange
BrsaItaliana
As of 11:30 AM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

carraro spa (CARR) Snapshot

Open
€2.00
Previous Close
€2.00
Day High
€2.01
Day Low
€1.98
52 Week High
01/22/14 - €3.48
52 Week Low
09/26/14 - €1.98
Market Cap
91.1M
Average Volume 10 Days
26.7K
EPS TTM
€-0.19
Shares Outstanding
46.0M
EX-Date
05/3/10
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CARRARO SPA (CARR)

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carraro spa (CARR) Details

Carraro S.p.A., together with its subsidiaries, designs, manufactures and sells drive systems in Italy and internationally. It provides a range of transmission systems, including axles, transmissions, and drives primarily for the agricultural and construction equipment, as well as markets a various components and gears under the SIAP and Minigears brands for the automotive, light power tools, material handling, agricultural application, and construction equipment sectors. The company also offers special tractors for vineyards and orchards under the third-party brand names of John Deere, Massey Ferguson, and Claas; and engineering services for the design of a range of tractors. In addition, it designs, develops, manufactures, and markets inverters, such as electronic power converters, principally for the photovoltaic industry and industrial automation comprising HVAC, water treatment, lifting systems, and large-scale transport. The company was founded in 1932 and is headquartered in Padova, Italy. Carraro S.p.A. is a subsidiary of Finaid S.p.A.

Founded in 1932

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carraro spa (CARR) Key Developments

Carraro SpA Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014; Provides Earnings Guidance for the Second Half 2014

Carraro SpA reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company’s revenues were €371.419 million against €449.166 million a year ago. EBIT was €5.112 million against €15.325 million a year ago. EBITDA was €19.239 million against €30.526 million a year ago. Net loss before taxes was €3.959 million against profit of €6.323 million a year ago. Net consolidated loss was €10.084 million against profit of €0.152 million a year ago. Turnover was equal to €371.4 million, with a 17.3% decrease with respect to the €449.2 million of the first half of 2013. The turnover of the period was affected by a negative exchange rate of €11 million, net of which the decrease would have been equal to 14.9%. Net debt fell to €263.7 million at the end of June 2014 from €279.5 million at March 31, 2014, due to the sale of the Mini Gears business unit. The turnover levels and margins of the second half of the year 2014 are expected to be lower than the turnover and margins of the last trading period, but with a considerable recovery in comparison to the results of the first half of 2014.

Carraro SpA Reports Consolidated Earnings Results for the First Quarter of 2014

Carraro SpA reported consolidated earnings results for the first quarter of 2014. Consolidated turnover for the quarter stood at EUR 177.4 million, compared with EUR 199.5 million for first quarter of 2013. The business areas operating in the machinery sector recorded a decline of 7.7%, while turnover by Elettronica Santerno fell by 54% compared with the prior-year period. The consolidated EBITDA stood at EUR 10.7 million, a decline of 5.6% over EUR 11.3 million recorded as at 31 March 2013. The EBIT margin for the group is essentially stable, going from 1.9% to 1.8%, while in absolute terms, a slight decline was registered, standing at EUR 3.2 million compared with EUR 3.7 million as at 31 March 2013. The EBIT margin for the business areas in the machinery sector improved from 4.4% to 4.7% and in absolute terms stood at EUR 8.4 million, in line with the prior-year period (EUR 8.4 million as at 31 March 2013). As expected, as a consequence of reduced volumes, a net loss of EUR 5.0 million was recorded, compared with a loss of EUR 3.1 million in the first quarter of 2013. The Drive Tech business area posted a profit of EUR 2.3 million.

Carraro Group Reports Audited Consolidated and Parent Earnings Results for the Year Ended December 31, 2013; Provides Production Guidance for the Year 2014

Carraro Group reported audited consolidated and parent earnings results for the year ended December 31, 2013. For the year, on consolidated basis, the company reported revenue of €871.936 million compared to €874.356 million a year ago. EBITDA was €61.541 million compared to €40.185 million a year ago. EBIT was €31.218 million compared to €6.255 million a year ago. Net result before taxes was €12.745 million compared to loss of €11.542 million a year ago. Net consolidated result was €1.290 million compared to loss of €15.299 million a year ago. For the year, on parent basis, the company reported revenue of €113.431 million compared to €102.112 million a year ago. EBITDA was €0.718 million compared to LBITDA of €3.075 million a year ago. LBIT was €2.532 million compared to €6.359 million a year ago. Net loss before taxes was €4.338 million compared to €3.885 million a year ago. Net loss was €3.214 million compared to €4.134 million a year ago. The Group expected volumes in 2014 to be in line with the previous year and a further increase in profitability, as a result of investments made during the 2013-2014 period, and of ongoing projects to improve production processes, with a moderate increase in overheads to support product and market development activities. During 2014, the phase in of new customers and new product ranges is expected to produce positive economic effects from the following year onwards.

 

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CARR Competitors

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Company Last Change
American Axle & Manufacturing Holdings Inc $16.77 USD -0.23
Bharat Gears Ltd 78.00 INR -0.60
Brembo SpA €25.92 EUR -0.29
Meritor Inc $10.85 USD -0.31
OC Oerlikon Corp AG SFr.11.90 CHF -0.15
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Valuation CARR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 2.2x
Price/Cash Flow 4.3x
TEV/Sales NM Not Meaningful
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