News

2008

The Board of Directors approves the quarterly financial report as at June 30th, 2008

07 August 2008

All economic-financial indicators show an upward trend:

? Consolidated revenues achieved 160.3 million Euros (+17.9% compared to June 30th, 2007);
? EBITDA achieved 21.7 million Euros (+14.3% compared to June 30th, 2007);
? EBIT achieved 19.8 million Euros (+15.4% compared to June 30th, 2007);
? Income before taxes amounted to 19.4 million Euros (+13.9% compared to June 30th, 2007).

The Board of Directors of Reply S.p.A. - a company listed on the STAR segment of Borsa Italiana [REY.MI] - has approved today the consolidated results as of June 30th, 2008.

In the first half of 2008 the Group reports consolidated revenues worth 160,.3 million Euros with an increase of 17.9% compared to the first half of 2007.

During the first half of 2008, operating margin has grown significantly: consolidated EBITDA amounts to 21.7 million Euros (+14.3%) and EBIT to 19.8 million Euros (+15.4%). The income before taxes achieved 19.4 million Euros (+ 13.9% compared to June 30th, 2007).

With regard to the second quarter of 2008, the Group reports consolidated results worth 83.1 million Euros with an increase of 20.7% compared with the previous year (68.9 million Euros); the consolidated EBITDA amounts to 10.9 million Euros (+13.5%) and the EBIT to 9.9 million Euros (+14.3%).

As at June 30th, 2008, the Net Financial Position shows a negative figure of 1.1 million Euros; this figure is however improving compared with the negative one of 2.1 million Euros reported on 31st March 2008 (positive net financial position of 13.1 million Euros as at 30th June 2007).

As far as the German market is concerned, syskoplan, a Group?s subsidiary, closed 1H2008 with consolidated revenues worth 30.5 million Euros (+10.3%), achieving a 3.6 million Euros EBITDA (+31.8%); the liquidity achieved by syskoplan amounts to 15.4 million Euros.

"The Reply Group has reported positive results in the first half of 2008 - has declared Mario Rizzante, Reply President - showing a steady growth supported by dynamic activities carried out in all the markets where we are present: Telco and Media, Banking and Insurance, Manufacturing and Services, as well as Public Administration?.

?Moreover, in the first months of 2008 - continues Mario Rizzante - we have carried out two highly specialized acquisitions: Communication Valley in Italy and glue: in UK; these takeovers fit into our development strategy that aims on one hand at enhancing our offer in terms of services in market segments with high growth potential as Business Security & Data Protection and SOA/SaaS, and on the other hand at positioning Reply among the major European players?.