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RESEARCH AND DEVELOPMENT ACTIVITIES

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RISK FACTORS

RISK FACTORS

thousand, of which € 1,614 thousand for the purchase of production assets for the Marzaglia Terminal.

Furthermore, a gantry crane and five road tractors were purchased for the Verona terminal (which weighed on acquisitions by € 3,372 thousand), and two self-propelled full-size cranes

for the Segrate terminal.

Capital expenditure for the year included the purchase of 3 semi-trailers for € 63 thousand, two of which were for the Marzaglia terminal and one in Segrate.

The amount of property, plant and equipment fixed assets, shown net of depreciation incurred, mainly relates to systems and equipment used for operations (mobile cranes, railmounted gantry cranes, shunting locomotives and terminal vehicles and equipment).

RESEARCH AND DEVELOPMENT ACTIVITIES

No research and development activities were carried out during the year.

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