- News 2019
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Considering the new regulatory framework defined by Law Decree No. 231/2001, which defines the concept of Corporate Administrative Responsibility, the Board of Directors of Rimadesio has approved the Governance and Control Manual that contains the Ethical Code of Conduct and the Organisational Rules applied inside the company. By adopting the Code of Conduct, Rimadesio confirms that its guiding principle for all activities performed is compliance with the law and with all regulations, both Italian and foreign, in a framework of integrity and fairness. The Code defines ethical values that are common both to the company Rimadesio’s strategic decisions and to all its personnel in terms of individual responsibility.
The company’s strong performance, as reflected by its EBITDA, which increased over four times in the last five years, shows how the significant growth in turnover in recent financial years has been accompanied by a rational management of overheads and operational costs by the Company.
EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) is a metric used to evaluate a company’s operating performance, indicating if the company is able to generate revenues without having to factor in investments, extraordinary, financing and fiscal decisions.
The extraordinary increase in sales has also driven the company’s EBIT which has grown almost five-fold in five years, despite the exacting campaign for expansion and renewal of machinery and the production site.
EBIT (Earnings Before Interest and Taxes) also known as operating profit, is the result of the afore-mentioned metric, however the costs of goods sold and operating expenses are subtracted from total revenues. It measures the company’s ability to generate revenues on its normal operations, considering the impact of investments in capital goods or assets.