Net financial position

The "Net financial position", totalling Euro 529,363 thousand, improved by Euro 8,920 thousand compared to December 31, 2015 (Euro 538,283 thousand) following a positive cash flow from operations, which made it possible to finance investing activities in property, plant and equipment and intangible assets for Euro 85,873 thousand (net of State grants for Euro 5,307 thousand and before IFRIC remuneration and financial charges) and the payment of dividends for Euro 62,817 thousand.