MILANO (AIMnews.it) – The Board of Directors of Clabo have approved the half-year report as of 30 June 2018. With respect to the financial statements on 31st December 2017, the company is signalling the entry of the American company Howard McCray Enterprises LL and JVG Srl, in preparation for the future merger. Furthermore, on October 5th, shareholders will be called to discuss a capital increase intended to finance further international growth and to facilitate the rebalancing of the financial structure. Meanwhile, the report of June 30th shows pro forma revenues close to 31 million euros (+ 24% from the first half of 2017). Foreign sales account for 65% of the total figure. Adjusted EBITDA is 3.6 million euros, with EBITDA margin on pro forma net sales of 13.33% (3 million euros and 12.50% on 30/06/2017). The adjusted net result is equal to 1.2 million euros (in the same period of 2017 it was 0.7 million), the Net financial position is 23.4 million euros and the Net Equity is equal to 18.0 million euros. “Our group – comments Pierluigi Bocchini, Chairman and CEO of Clabo – recorded an excellent overall performance in the first half of the year, increasing the value of pro forma production and adjusted EBITDA by more than 20% compared to the corresponding period in 2017. Growth was largely due to the expansion of the group’s perimeter with the acquisition of Howard McCray, which generated sales of € 5.5 million and an Ebitda of around € 0.25 million. We are extremely pleased with how the process of integration of the new American company is proceeding and it fills us with pride to see the Clabo shop windows come out of the US HMC factory. In such a complex geo-political period characterised by very high uncertainty, choosing the local to local industrial policy has given us the best results. Our goal is 100 million in revenue to be achieved in the shortest possible time, hopefully even earlier than what our business plan has indicated. Now we will devote ourselves to finding new financial resources both in the form of debt and equity to invest in our growth plan, in order to accelerate our path of growth. I am deeply convinced that the true value of Clabo is much higher than that indicated today by the market.”