FORGITAL GROUP STRENGTHENS ITS CAPITAL STRUCTURE

Forgital Group strengthens its capital structure to support the growth as per 2017-2020 Business Plan programs.

Forgital Italy SpA shareholders have fixed an increase of capital with share premium for a total amount of about 20 million euro, fully subscribed and paid by companies referring to Spezzapria family (which globally holds a stake of 83% of capital) and the SGR Italian Fund of Investment (17% stake). This strengthening of capital aims to support the ambitious development plans of the Group.

Consolidated revenues planned for 2016 are estimated at 300 million euro (an increase of approximately 10% compared to 2015), generating an expected EBITDA of about 20% of sales (16.5% in 2015).