Financial News

The Board of Directors approves the quarterly report as at March 31st, 2009

14 May 2009

All economic-financial indicators show a positive trend:

• Consolidated sales revenue achieved 84.3 million Euros;
• EBITDA achieved 10.7 million Euros;
• EBIT achieved 9.3 million Euros;
• Income before taxes amounted to 8.8 million Euros.

Today the Board of Directors of Reply S.p.A. – a company listed on the STAR segment of Borsa Italiana [REY.MI] – has approved the consolidated results as at 31st March 2009.

In the first quarter of 2009, despite the very tough market conditions experienced by all the players, our Group achieved a consolidated sales revenue worth 84.3 million Euros (+9.3% compared to 2008). Consolidated EBITDA for the first three-month period amounted to 10.7 million Euros (12.7% of sales revenue) achieving a 9.3 million Euros EBIT (11% of sales revenue). The Income Before Taxes achieved 8.8 million Euros (10.5% of the sales revenue).

In the 1Q2008, Reply achieved a consolidated sales revenue worth 77.1 million Euros, achieving a 10.8 million Euros EBITDA, a 9.9 million Euros EBIT and a 9.7 million Euros Income Before Taxes.

The Net Financial Position of the Group as at 31st March 2009 shows a positive figure of 1.8 million Euros, thus reporting an increase compared to a negative figure of 18.6 million Euros as at 31st December 2008.

“The Reply Group has reported very positive results in the first months of 2009 - has remarked Mario Rizzante at the end of the Board of Directors. - Our Group has achieved a nearly 10% growth, maintaining a sound marginality, despite the difficulties experimented by Syskoplan which as at 31st March reported a sales revenue worth 14.7 million Euros (-1.4% compared to 2008)”.

“In February 2009 - continues Mario Rizzante - through the acquisition of the Centro Ricerche Motorola in Turin, now Concept Reply, we have laid the first foundations for building a new offering in the area of the object-based Internet and Machine-to-Machine (M2M). Last week, together with Armando Testa Group, we have established bitmama: a new entrepreneurial venture in the digital communication landscape which leverages and combines Armando Testa creative leadership with Reply technology expertise in order to develop and deploy excellence solutions in terms of technology, creativity and communication within all the digital channels”.

“These last two operations – concludes Mario Rizzante – strengthen Reply distinctive positioning and further extend our offering in the area of the new digital platforms enhancing our impacts on the industry scenario and increasing our competitive edge”.

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