Epta Spaâs Board Approves The 2020 Consolidated Financial Statement
Fri Apr 23 09:38:45 CST 2021
Source: www.refindustry.com
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The Board of Directors of Epta S.p.A. â a multinational group specialising in commercial refrigeration â has met under the Chairmanship of Marco Nocivelli to approve the consolidated financial statement of the Company as at 31 December 2020. The financial statement was drafted in accordance with International Financial Reporting Standards (IFRS) drafted by the International Accounting Standards Board (IASB), as ratified by the European Union.
THE MAIN CONSOLIDATED RESULTS FOR 2020
Revenue from sales and services for the business year totalled â¬908 million in 2020, down 5% on the previous year, a drop which was mainly concentrated during Q2. The main causes include the Europe-wide lockdown for manufacturing businesses and, during the same period, the deferral of investments in new Retail stores and refurbishments. The second quarter, on the other hand, saw business recover in full, notching up turnover in line with forecasted figures. The figures by geographical area are as follows: 714 million in the EMEA macro area, â¬56 million in the APAC area, and â¬138 million in the AMERICAS.