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Seri Industrial SpA (SERK.MI)

SERK.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Seri Industrial Says Unit Wins EUR-427-Mln European Funds For Energy Transition Project
Tuesday, 10 Dec 2019 

Dec 10 (Reuters) - Seri Industrial SpA ::SAID ON MONDAY THAT EUROPEAN COMMISSION GRANTED CO'S UNIT FIB FUNDS FOR EUR 427.1 MLN .FUNDS ARE PART OF IMPORTANT PROJECTS OF COMMON EUROPEAN INTEREST (IPCEI) PROGRAMME .SUBSIDY WILL FUND FIB'S PROJECT FOCUSSED ON PRODUCTION, MODULES, AND CELLS FOR LITHIUM BATTERIES AND BATTERY RECYCLING .FIB'S PLAN INVOLVES INVESTMENTS FOR EUR 358.6 MLN AND OPERATIONAL COSTS FOR EUR 147.3 MLN IN 2020-2026.SUBSIDY COVERS 75% OF TOTAL FUNDS DISBURSED BY EUROPEAN COMMISION FOR ITALIAN COMPANIES.UNDER PROGRAMME EUROPEAN COMMISSION GRANTED TOTAL AMOUNT OF EUR 3.2 BLN TO 17 COMPANIES OPERATING IN BELGIUM, FINLAND, FRANCE, ITALY, POLAND AND SWEDEN.FUNDS GRANTED TO FIB INCLUDE CLAW-BACK MECHANISM FOR RETURN OF EXTRA PROFITS NOT INCLUDED IN PLAN.  Full Article

Seri Industrial 9-month Revenue Up At EUR 110.3 Mln
Thursday, 14 Nov 2019 

Nov 14 (Reuters) - Seri Industrial : :REPORTED ON WEDNESDAY EUR 110.3 MLN VS EUR 96.8 MLN YEAR AGO.  Full Article

Seri Industrial Net Result Turns To Loss Of EUR 1.2 Mln
Thursday, 10 Oct 2019 

Oct 11 (Reuters) - Seri Industrial SpA ::REPORTED ON THURSDAY H1 PRODUCTION VALUE EUR 90.7 MLN VS EUR 74.3 MLN YEAR AGO.H1 NET LOSS EUR 1.2 MLN VS PROFIT EUR 3.7 MLN YEAR AGO.BOARD OF DIRECTORS APPROVED INDUSTRIAL PLAN FOR 2019-2021 YEARS .UNDER THE 2019-2021 INDUSTRIAL PLAN SEES INCREASE IN REVENUE FOR INTERNAL LINES AND GROWTH OF OPERATING MARGIN.2019-2021 INDUSTRIAL PLAN PROVIDES FOR, AMONG OTHERS, GREATER VERTICAL INTEGRATION AND CONTRIBUTIONS FROM "PROJECT LITHIUM" AFTER FINISHING THE NEW PLANT IN TEVEROLA FOR LITHIUM CELL PRODUCTION.  Full Article

Seri Industrial Appoints Vittorio Civitillo As CEO
Friday, 13 Sep 2019 

Sept 13 (Reuters) - Seri Industrial SpA ::BOARD APPOINTS VITTORIO CIVITILLO CEO.BOARD APPOINTS ROBERTO MAVIGLIA PRESIDENT.  Full Article

Seri Industrial FY Net Profit At EUR 5.4 Mln After Board Re-Examines 2018 Financial Report
Friday, 31 May 2019 

May 31 (Reuters) - Seri Industrial SpA ::SAID ON THURSDAY ITS BOARD RE-EXAMINED AND APPROVED CO'S 2018 FINANCIAL REPORT.AFTER THE REVIEW, FY NET PROFIT WAS EUR 5.4 MLN COMPARED TO THE PREVIOUS ONE, APPROVED ON APRIL 10, OF EUR 7.0 MLN .FY PRODUCTION VALUE WAS EUR 131.6 MLN VS EUR 132.6 MLN APPROVED ON APRIL 10.DIFFERENCE IN RESULTS IS DUE TO, AMONG OTHERS, ADJUSTMENTS PROPOSED BY AUDITING COMPANY FOR EUR 548,000, ADJUSTMENT OF THE TAX CREDIT FOR UNITS, PROVISIONS FOR RISKS AND BAD DEBTS AS WELL AS INVENTORY ADJUSTMENTS .  Full Article

Seri Industrial Q1 Production Value Up At EUR 38.5 Mln
Wednesday, 15 May 2019 

May 15 (Reuters) - Seri Industrial SpA ::Q1 PRODUCTION VALUE EUR 38.5 MILLION VERSUS EUR 30.1 MILLION YEAR AGO.  Full Article

Seri Industrial's Board Resolves To Re-Examine 2018 Financial Report
Friday, 10 May 2019 

May 10 (Reuters) - Seri Industrial SpA ::SAID ON THURSDAY THAT BOARD RESOLVED TO RE-EXAMINE CO'S 2018 FINANCIAL REPORT .BOARD DECIDED TO GRANT MANDATE TO CO'S CHAIRMAN AND CEO TO BE ASSISTED BY AUDITING FIRM IN VERIFYING FINDINGS RECEIVED FROM BDO IN AUDIT REPORTS.BOARD WILL PROCEED TO ASSESS ANY ADJUSTMENTS TO BE MADE TO 2018 FINANCIAL STATEMENTS .  Full Article

Seri Industrial FY Net Profit At EUR 7.0 Mln
Thursday, 11 Apr 2019 

April 11 (Reuters) - Seri Industrial SpA ::REPORTED ON WEDNESDAY FY NET PROFIT OF EUR 7.0 MLN.FY PRODUCTION VALUE AT EUR 132.6 MLN.  Full Article

KREnergy 9-Mth Total Revenues Jump To EUR 96.8 Mln
Thursday, 15 Nov 2018 

Nov 16 (Reuters) - KREnergy SpA ::REPORTED ON THURSDAY 9-MONTH TOTAL REVENUES EUR 96.8 MLN VS EUR 27.2 MLN YEAR AGO.  Full Article

K.R.ENERGY: Vittorio Civitillo Appointed CEO
Tuesday, 13 Nov 2018 

Nov 14 (Reuters) - K.R.ENERGY SpA ::SAID ON TUESDAY LUCIANO ORSINI HAS BEEN APPOINTED CHAIRMAN OF THE CO'S BOARD OF DIRECTORS.VITTORIO CIVITILLO HAS BEEN APPOINTED VICE CHAIRMAN OF THE CO'S BOARD OF DIRECTORS AND CHIEF EXECUTIVE OFFICER.  Full Article

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