Financial News

Board of Directors Approves the Quarterly Report as at 31 March 2010

13 May 2010

All economic and financial indicators are positive:

• Consolidated turnover of 86.4 million Euros;
• EBITDA at 9.6 million Euros;
• EBIT at 8.0 million Euros;
• Earnings before taxes at 7.6 million Euros.

Today, the Board of Directors of Reply S.p.A. – a company listed with the STAR [REY.MI] segment – approved the company’s results as at 31 March 2010.

In the first quarter, the Reply Group recorded a consolidated turnover of 86.4 million Euros, an increase on the figures recorded for 2009. The consolidated EBITDA for the period was 9.6 million Euros (11.1% of turnover), with an EBIT of 8.0 million Euros (9.3% of turnover). Earnings before taxes were 7.6 million Euros (8.8% of turnover).

In 2009, Reply reported a consolidated turnover of 84.3 million Euros for the same period, with an EBITDA of 10.7 million Euros, an EBIT of 9.3 million Euros, and pre-tax earnings of 8.8 million Euros.

The Group’s net financial position at 31 March 2010 is negative at 5.1 million Euros, a significant improvement in comparison with 31 December 2009, when the negative value was at 10.5 million Euros.

"In an economic context which continues to be challenging and uncertain - stated the President, Mario Rizzante - Reply has succeeded in achieving steady growth in its principal areas of activity, thanks to a strong orientation towards innovation and recognition of the quality of its services. Reply has achieved positive results, both in economic and financial terms, in all markets it has a presence".

"In these first months of the year - continues Mario Rizzante - we have invested significantly in R&D in Italy for the development of platforms and applications for Cloud Computing, Internet of Things and Machine to Machine, all through the activities of Concept Reply, the former research lab of Motorola. In Germany, we have taken steps to strengthen Reply’s organization and presence, with the conclusion of a Domination Agreement, which must be approved by the Shareholders’ Meeting of syskoplan on May 28. Finally, in UK, continuing our successful Group model, we have set up the operations of three specialize companies: Sytel Reply for Telco & Media, Open Reply for Open Source and Mobility, and @logistics Reply for supply chain execution.".

"The reported growth at the close of 2009, and the 2010 start - concluded Mario Rizzante - are solid bases on which we intend to develop Reply. Our objective is to make the Group an ever-growing point of reference, from both a technological and consulting perspective, for companies that see innovation and new business models as strategic levers for competing in the market".


The Interim management report is available to the public and anybody who wishes to request it at the registered office of the Company, Borsa Italiana S.p.A., and can also be downloaded from Reply’s website Quarterly Report - 31 March 2010 from today’s date, 13 May 2010.

The executive assigned to the drafting of the company’s accounting documents, Mr Giuseppe Veneziano, declares, pursuant to Paragraph 2, Article 154 bis of the Consolidated Finance Act, that the accounting information contained in this press release corresponds to documented results contained in the books and accounting entries.

 

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