Italeaf, which owns powder metal producer Numanova, has published its year end report for 2016.

Net asset value amounted to €23.6 million, while consolidated net profit for the year was €-4.5 million. Consolidated revenues amounted to €85.8 million, down from €371.3 million in 2015.

‘2016 was a very important year for our company,’ said chairman Stefano Neri. ‘The manufacturing newco Numanova, for the production of metal powders for the additive manufacture, has obtained the industrial and environmental permits for its activity and now it can program its own path of development and the start of the phase of production.

This story is reprinted from material from Italeaf, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.