Financial Results for the 2010-11

EGL Italy, a subsidiary of the Swiss energy group EGL AG, announced the details of their financial report for the year ended September 30, 2011: the turnover reached 5.01 billion Euros (+7.1%), income before taxes and extraordinary items reported 28.6 million Euros (-55.7%) with a profit of 17.7 million Euros (-52.2%). The company notes that this result is achieved in a particularly difficult year with many indicators and activities suffering because of the strong influences from the market. Despite these difficult conditions the diversified and flexible business model adopted by EGL Italy has been shown to be able to adapt to different critical situations, ending the year in a positive way even overcoming the forecasts, especially in the margins achieved. The revenue growth instead follows the positive trend of recent years thanks to the flywheel of trading activities.