At today’s Annual General Meeting, the shareholders of Italmobiliare S.p.A. approved the directors’ report and financial statements as at and for the year to December 31, 2012, reflecting consolidated revenue of 4,775.7 million euro.
After significant extraordinary impairment losses totaling more than 366 million euro on non-current assets and financial assets, a loss of 472.6 million euro was posted for the year (-60.6 million euro for 2011).
As a result of the effects on earnings of the business and financial crisis, the shareholders carried a resolution not to distribute a dividend for 2012.