LONDON (Sept. 14) - It is always heavier than the situation of Ventaglio. The tour operator has in fact closed the first nine months of 2009 with a consolidated loss of € 26.8 million, up from 19.5 million the first half, which has sent 5.3 million negative net worth of parent. In this situation, with the capital below the legal limit, Article 2447 of the Civil Code requires the injection of fresh resources.
To this end, the board of directors gave the president Bruno Colombo powers to convene the meeting which will deliberate on a capital increase by EUR 80 million. An amount exceeding 60 million that is already failed in August, due to lack of quorum, the recapitalization of the company. The Assembly has not yet been called but its development, the statement of Ventaglio, "should take place by the end of October 2009."
The goal is to get an appointment with new members are ready to enter. To this end I Ventaglio stresses that "pursued actively by the current shareholders of the company, negotiations" aimed at identifying one or more partners can provide "new resources needed in the context of the capital '. In the past there was talk of possible interest to some members of Blue Holidays Alberto and his family as Dalzilio Manzini.
The tour operator ended the first nine months of 2009 with revenues of € 230.6 million, down 26% compared to July 31, 2008. The decline, down -21% compared to the first half, "is primarily attributable to a reduction in revenues of medium and long range, is due to the contraction in activity levels (that is characterizing the tourism industry, following the economic crisis general course), and because of the lower perimeter of the offer. "
no coincidence I Ventaglio is cutting its destinations to stop the marketing of travel to the Maldives in early 2009 was followed by the suspension July those in Mauritius, Brazil, Cuba, Senegal and Kenya. To stem the damage (although the gross operating margin is negative) the group is trying to "make their structure more flexible," focusing "on the activities of tour operating" focusing on cost reduction, "in particular in the reduction of organic 'with the activation of the extraordinary layoff and transfer of operations at the headquarters of Genoa.
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