Company Profile For Landi Renzo SpA

Landi Renzo SpA (LR.MI) (Milan Stock Exchange)

sector: Cyclical Consumer Goods & Services · industry: Auto/Truck/Motorcycle Parts ·

As of 25 Nov 2009

3.07EUR

Price Change

+0.09

Percent Change

+2.93%

Analyst Recommendations

Overview

Landi Renzo SpA is an Italy-based company engaged in the automotive sector. It produces components and alternative automotive fuel systems for the liquefied petroleum gas (LPG) and the compressed natural gas (CNG) markets. The Company’s Research and Development Centre develops LPG and CNG motor propulsion components, further integrated into petrol systems of mechanics as well as electronics. Landi Renzo SpA operates in several countries through its subsidiaries, including Med SpA, LR Industria e Commercio Ltda, Landi International BV, Beijing Landi Renzo Autogas Systems Co. Ltd, LR Park Limited, Landi Renzo Pars Private Joint Stock Company, Lovato Gas SpA, four indirect subsidiaries: Eurogas Utrecht BV, Lovato do Brasil Ind Com de Equipamentos para Gas Ltda, Officine Lovato Private Limited and Landi Renzo Polska sp. z.o.o.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Landi Renzo SpA's total revenue increased 10% to EUR178.4M. Net income for the period decreased 58% to EUR9.5M. Total revenue reflects an increase in demand for the Company's products and services. Net income for the period was offset by a decrease in operating margins due to higher service, rental and personnel expenses as well as higher amortization and depreciation charges.