Record net income: GPI closes the 2016 with 5.7 millions


Positive first days on the stock market: the title still increases by 1.46%. In the future new acquisitions in Europe.

While the GPI title continues to rise – an increase of 1.46%, after the 2.79% of the first day of trading, was registered yesterday- the President and CEO of the Group, Fausto Manzana, announces that the profit in 2016 after tax will be € 5,75,8 million.

“Until 2013 we redistributed the dividend in the company. The entrance of the Horizon Fund has taught us to understand how the financial world works, thus we distribute approximately 50% of the product – Manzana explained at the landing ceremony on Aim Italy – This year we have the commitment to close with an Ebitda of 21.7 million and a net profit of about 5.7 million after taxes. The landing on the stock exchange represents a starting point and it is certainly easier to grow in Europe through acquisitions of competitors. We believe that there are no alternatives to continue the growth path: we need to be great to be able to compete. “