News

The Board of Directors approves financial report for first half of year as of June 30th, 2009

06 August 2009

Turnover and net profit on the rise.

• Consolidated turnover of 170.3 million Euros (+6.3% compared to June 30, 2008);
• Net profit of 8.2 million Euros (+6.2% compared to June 30, 2008).

The Board of Directors of Reply S.p.A. - a STAR [REY.MI] listed company - has today approved its consolidated results as of June 30th, 2009.

The Group’s consolidated turnover for the first six months stands at 170.3 million Euros, up 6.3% compared to the same period in 2008.

Margins were good with a consolidated EBITDA of 20.9 million Euros, down 3.8% compared to 21.7 million Euros for 2008, and an EBIT of 18 million Euros, down 9.1% compared to 19.8 million Euros in 2008.

Net profits grew by 6.2% compared to June 30, 2008, reaching 8.2 million Euros.

Regarding the second quarter of 2009, the Group’s consolidated turnover stands at 86 million Euros, an increase of 3.5% on the previous year (83.1 million Euros), with a consolidated EBITDA of 10.2 million and an EBIT of 8.7 million Euros.

The Group’s net financial position as of June 30 2009 is minus 7.3 million Euros, compared to a positive 1.8 million Euros as of 31 March 2009 and minus 18.6 million Euros as of 31 December 2008.

In financial terms, in the second quarter of 2009 the Group incurred extraordinary, non-recurring disbursements totaling more than 17 million Euros. These were mainly due to compensation to former Centro Ricerche Motorola employees who were not retained by the Group (8.4 million Euros), purchase of minority shares of controlled operating companies (5.8 million Euros) and the payment of dividends (3.2 million Euros).

Net of these expenditures, the Group has shown a considerable second quarter growth in cash flow entirely attributable to their core business.

“Reply – said Reply President Mario Rizzante after the Board meeting – has achieved, in the first half of 2009, positive results in terms of revenue as well as margin, despite a syskoplan turnover that was down 8% compared to 2008, with an EBIT of 3.8%, and taking into account non-recurring allocations of roughly 800,000 Euros“.

“Reply was able to grow, – continues Mario Rizzante – during a period characterized by widespread reduction in investment by companies. Reply was able to increase market share thanks to excellence in its solutions proposed and to its ability to support clients in projects aimed at the simplification of processes and the optimization of core activities“.

“Moreover – concludes Mario Rizzante – we are witnessing an ever-growing interest in innovative technologies such as SaaS and Cloud Computing, two specific areas where Reply can capitalize on investments made in 2008, positioning itself in terms of expertise and completeness of offer among the sector leaders“.

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