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Net financial position at December 31, 2018 was negative for Euro 32.9 million compared with a negative amount of Euro 131.6 million at December 31, 2017.
In 2018, the Group net financial position benefitted from the proceeds deriving from the share capital increase resolved by the Extraordinary Shareholders’ meeting held on 29 October 2018 and collected within December 28, 2018 for a total amount of Euro 132,2 million. The capital increase has been completed on January 2, 2019 with the collection of the remaining Euro 17,7 million.
The main items of Safilo Group's Net Financial Position, for the last five years, are reported below.