Last €1.84 EUR
Change Today -0.038 / -2.02%
Volume 16.2K
CARR On Other Exchanges
Symbol
Exchange
BrsaItaliana
As of 11:30 AM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

carraro spa (CARR) Snapshot

Open
€1.88
Previous Close
€1.88
Day High
€1.92
Day Low
€1.82
52 Week High
01/22/14 - €3.48
52 Week Low
10/16/14 - €1.67
Market Cap
84.7M
Average Volume 10 Days
12.5K
EPS TTM
€-0.24
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.

3,531 Employees
Last Reported Date: 10/31/14
Founded in 1932

carraro spa (CARR) Top Compensated Officers

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Executives, Board Directors

carraro spa (CARR) Key Developments

Carraro Group Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Carraro Group reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s consolidated turnover of third quarter was €184.7 million compared to the €217 million of the third quarter of 2013, decreased by 4.9%; in progressive terms the turnover reaches €556.2 million compared to the €666.2 million a year ago. Consolidated EBITDA for third quarter of €10 million (5.4% of the turnover) compared to the €15.3 million of the third quarter 2013 (7.1% of the turnover), decreased by 34.8%; in progressive terms EBITDA of 29.2 million (5.3% of the turnover) compared to the €45.9 million at 30.09.2013 (6.9% of the turnover), decreased by 36.3%. Consolidated EBIT for third quarter of €3.7 million (2% of the turnover) compared to the €7.8 million of the third quarter 2013 (3.6% of the turnover), decreased by 53.2%; in progressive terms EBIT of 8.8 million (1.6% of the turnover) compared to the €23.2 million (3.5% of the turnover) a year ago, decreased by 62.1%. For the nine months, the company reported revenues were €556.165 million against €666.208 million a year ago. EBITDA was €29.231 million compared to €45.861 million a year ago. EBIT was €8.785 million compared to €23.171 million a year ago. Net result before taxes was negative €3.773 million compared to positive net result of €8.895 million a year ago. Net consolidated result was negative €11.719 million compared to positive net result of €329 million a year ago. Provided earnings guidance for the fourth quarter of 2014. The expectations for the last part of the year highlight for Carraro Drive Tech a further decline in the reference markets compared to the last quarters, only partly counterbalanced by the recoveries of Agritalia and Elettronica Santerno. In view of this, a negative Group result is expected also for the fourth quarter.

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.

 

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CARR Competitors

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Company Last Change
American Axle & Manufacturing Holdings Inc $22.19 USD +0.45
Bharat Gears Ltd 62.20 INR 0.00
Brembo SpA €27.12 EUR -0.02
Meritor Inc $14.34 USD -0.10
OC Oerlikon Corp AG SFr.11.90 CHF +0.15
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Price/Cash Flow 4.9x
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