The Shareholders’ Meeting of Candy S.p.A., holding of Candy Group, approved the financial statements for the year ended on December 31, 2016. The Group closed a very successful year with a consolidated turnover of over one billion euro, up 10% over 2015. Good results have been reported in all major markets and in all divisions and the consolidated EBIT reached over 48 million euro (+87% vs. 2015). In addition, Aldo and Beppe Fumagalli took over the majority of the capital from Maurizio, Silvano Fumagalli and the heirs of Eden Fumagalli.
«The transfer of Candy S.p.A. shares within our families – explained the CEO, Beppe Fumagalli – respects the total continuity with the past and allows us to strengthen Candy Group’s governance in view of the important challenges ahead. Our 2017-2019 business plan, which includes over 100 million euro in investments, aims to achieve consolidated revenues of 2 billion euro over the next five years, target that needs the strong commitment by all, shareholders and business structures.»
