42
        
        
          2013
        
        
          2012
        
        
          2011
        
        
          2010
        
        
          18,9%
        
        
          21,2%
        
        
          22,7%
        
        
          25,6%
        
        
          2014
        
        
          19,5%
        
        
          2013
        
        
          2012
        
        
          2011
        
        
          2010
        
        
          379
        
        
          670
        
        
          726
        
        
          760
        
        
          2014
        
        
          393
        
        
          2013
        
        
          2012
        
        
          2011
        
        
          2010
        
        
          72
        
        
          142
        
        
          165
        
        
          194
        
        
          2014
        
        
          77
        
        
          2013
        
        
          2012
        
        
          2011
        
        
          2010
        
        
          19,965
        
        
          29,008
        
        
          30,583
        
        
          32,140
        
        
          2014
        
        
          23,923
        
        
          Services and Concessions
        
        
          2
        
        
          Investindustrial’s Services and Concessions sector comprises of
        
        
          the following companies:
        
        
          Applus
        
        
          , leading world-wide inspection, certification
        
        
          and technological services company
        
        
          Cogetech
        
        
          , leading Italian technology producer and concession
        
        
          operator in the gaming sector
        
        
          Panda Security
        
        
          , global integrated security software provider
        
        
          SNAI
        
        
          , leading Italian operator in the gaming industry
        
        
          Transport Sanitari de Catalunya
        
        
          , leading Spanish ambulance
        
        
          services company.
        
        
          Sales (%)
        
        
          Four segments
        
        
          are
        
        
          currently present in the
        
        
          Investindustrial’s Services
        
        
          and Concessions sector
        
        
          By Segment
        
        
          Emergency
        
        
          Transport Services
        
        
          28%
        
        
          Gaming
        
        
          61%
        
        
          Security
        
        
          Software 4%
        
        
          By Year
        
        
          By Year
        
        
          Sales (
        
        
          €
        
        
          m)
        
        
          EBITDA Margin (%)
        
        
          +77%
        
        
          +8%
        
        
          +5%
        
        
          -48%
        
        
          +12%
        
        
          +7%
        
        
          +13%
        
        
          -24%
        
        
          By Year
        
        
          By Year
        
        
          EBITDA (
        
        
          €
        
        
          m)
        
        
          Employees (nr.)
        
        
          +98%
        
        
          +16%
        
        
          +18%
        
        
          -60%
        
        
          +45%
        
        
          +5%
        
        
          +5%
        
        
          -26%
        
        
          In
        
        
          2014
        
        
          sales decreased by
        
        
          48%
        
        
          and earnings by
        
        
          60%
        
        
          due to the sale of Avincis and Banca Popolare di Milano
        
        
          In particular the sale of Avincis decreased earningsmargin by
        
        
          24%
        
        
          and employees to approximately
        
        
          23,900
        
        
          Certification
        
        
          Inspection 7%