BIANCAMANO S.P.A. PRESS RELEASE
Rozzano (MI), 31 October 2014
Monthly disclosures to the market pursuant to Art. 114
of D.Lgs n 58/98
In conformity with the Consob requirement of 12 July 2013, pursuant to Art.114 of Legislative Decree no.58/98, Biancamano Spa hereby provides the following information relating to 30 September 2014.
a) Net financial position of Biancamano SpA and of the BIANCAMANO GROUP with the short-term components shown separately from medium-long term components.
Consolidated Net Financial Position Values expressed in thousands of euro | Consolidated 09/30/2014 | Consolidated 08/31/2014 |
A Cash B Cash equivalents C Securities held for trading D Cash and cash equivalents (A) + (B) + (C) E Current loans F Current bank payables G Current portion of non-current borrowings H Other current loans payable I Current loans payable (F) + (G) + (H) J Net current financial position (E) + (I) K Non-current bank payables L Bonds issued M Other non-current payables N Non-current financial position (K) + (L) + (M) | 40 2,676 - 2,717 1,073 (8,018) (12,376) (30,168) (50,562) (46,772) (59,194) - (21,785) (80,979) | 39 4,644 4,683 1,835 (7,599) (13,738) (31,122) (52,459) (45,941) (57,797) (22,755) (80,552) |
O Net Financial Position (J) + (N) | (127,751) | (126,493) |
The negative consolidated Net Financial Position of Biancamano as of 30 September 2014 stood at 127,751
thousand euro compared with 126,493 thousands euro as of 31 August 2014.
Biancamano Spa Sede Legale e Amministrativa: Strada 4, Palazzo Q6 - 20089 Milanofiori - Rozzano (MI) tel. +39 02 528682 1 - Fax +39 02 628682 253 info@gruppobiancamano.it - www.gruppobiancamano.it - Capitale Sociale € 1.700.000,00 i.v. - Registro Imper se MI/Cod. fisc e Partita IVA:01362020081.
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b) Past-due payables of Biancamano Spa and of the Biancamano Group, broken down by nature
(financial, trade, tax and social security) and any connected initiatives by the Group's creditors (payment reminders, payment orders, suspended deliveries, etc.).Past-due payables due
to third parties as at 09/30/2014
Classified by type
Values expressed in thousands of euroBiancamano
Past due
Group
Past due
Trade payables | 1,513 | 39,750 |
Financial payables | - | - |
Social Security payables and employees | 2,282 | 25,549 |
Tax payables | 3,458 | 58,977 |
The inevitable consequence of the Group financial stress was: the initiation by some trade partners of actions before the court aimed at collecting their receivables, for a total of approximately 63,347 thousand euro, including: 42,994 thousand euro which has already been settled, 14,205 thousand euro currently being
settled and finally 6,148 thousand euro which was challenged.
Biancamano Spa Sede Legale e Amministrativa: Strada 4, Palazzo Q6 - 20089 Milanofiori - Rozzano (MI) tel. +39 02 528682 1 - Fax +39 02 628682 253 info@gruppobiancamano.it - www.gruppobiancamano.it - Capitale Sociale € 1.700.000,00 i.v. - Registro Imper se MI/Cod. fisc e Partita IVA:01362020081.
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c) Related party transactions of Biancamano Spa and of the Biancamano Group.
The following table illustrates related party transaction as of 30 September 2014:
Biancamano S.p.A. Values expressed in thousands of euro | |||||
Trade receivables | Financial receivables | Financial payables | Trade payables | Sales | Purchases |
Related parties
Aimeri Ambiente S.r.l. 7,060 - (1,785) (5,564) 4,367 (10) Immobiliare Riviera Srl - - - (18) - - Pianeta Ambiente S.r.l. - 14 - - - - Global Facility Service - - - (102) - (578)
Biancamano S.p.A. Values expressed in thousands of euro | Trade receivables | Other current assets | Trade payables | Financial payables | Sales | Purchases |
Related parties
Global Facility Service - - (102) - - (578) Pianeta Ambiente Srl - 14 - - - - Immobiliare Riviera Srl 169 1,839 (1,001) - - (415) Ambiente 33 s.c.a r.l. 322 - (331) - - - Manutencoop Formula Pomezia S.c.a r.l. 85 - (245) - - - Eco Imperia S.p.A. - 46 - - - -
Biancamano Holding SA - - - (1,000) - -
STATEMENT OF THE MANAGER IN CHARGE
Pursuant to article 154-bis of the Italian Consolidated Finance Act., the manager responsible for drafting the corporate documents, Alessandra De Andreis, declares that the disclosure contained in this press release corresponds to the documentary results, books and accounting entries.
Biancamano is the main Italian private operator in Waste Management sector, leader in the Urban Cleaning integrated Services. The Group, through its subsidiary company Aimeri Ambiente, is specialized in planning, managing and controlling the complete cycle of the environmental operating services: from the collection and transportation of Municipal Waste, to the separate collection, to the streets sweeping and washing, and to the realization and management of the ecological platforms, on behalf of local public organizations and private operators. The Group furthermore manages disposal and storage plants. With about 2,000 employees, 3,000 vehicles and a GPS advanced control system, the Group is present throughout the national territory.
This press release is an English translation of the original Italian document.
This Press Release is available on the website: www.gruppobiancamano.it under the section Investor Relations - Press Releases.
Biancamano Spa Sede Legale e Amministrativa: Strada 4, Palazzo Q6 - 20089 Milanofiori - Rozzano (MI) tel. +39 02 528682 1 - Fax +39 02 628682 253 info@gruppobiancamano.it - www.gruppobiancamano.it - Capitale Sociale € 1.700.000,00 i.v. - Registro Imper se MI/Cod. fisc e Partita IVA:01362020081.
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CONTATTI :
BIANCAMANO SPA Chiara Locati - Investor Relator Global Facility Service Saglmarketing & comunicazione
Tel. +39 02 528682 286 mailto:c.locati@gruppobiancamano.itwww.gruppobiancamano.it
Tel. +41 (0)91 9228712 mailto: info@gfsmedia.ch www.gfsmedia.ch
Biancamano Spa Sede Legale e Amministrativa: Strada 4, Palazzo Q6 - 20089 Milanofiori - Rozzano (MI) tel. +39 02 528682 1 - Fax +39 02 628682 253 info@gruppobiancamano.it - www.gruppobiancamano.it - Capitale Sociale € 1.700.000,00 i.v. - Registro Imper se MI/Cod. fisc e Partita IVA:01362020081.
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