Wednesday 6 May 2009

as roma for sale - no future for Sensi group


If you look at financial statements of Compagnia Italpetroli (owned by 51% by Sensi sisters and by 49% by Unicredit bank), it's difficult to understand how the group can keep going.

ebitda is getting worse (14.431 million of euro on 31-12-2006; 4.365 million of euro on 31-12-2007)

ebit is getting worse (-1.718 million of euro on 31-12-2006; -8.497 million of euro on 31-12-2006)

debt is huge and is growing (381.208 million of euro on 31-12-2006; 396.715 million of euro on 31-12-2007)

The only solution (to try to survive) will be the sale of as roma, it's only a matter of time.

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