The CAD IT Board of Directors approves the Interim Management Report at 31st March 2015

  • 14 May 2015, 10:40

The Board of Directors of CAD IT S.p.A. (www.caditgroup.com), leader in the Italian financial software market and listed in the STAR segment of Borsa Italiana, today approved the Interim Management Report at 31st March 2015.

The main results in regard to the Consolidated Profit and Loss account at 31st March 2015 are as follows:

  • Production Value of Euro 15.2 million compared to Euro 13.8 million in the first quarter of 2014. The increases in internal work capitalized for the development of new products (asset increases due to internal work) stands at Euro 1.0 million, compared to Euro 0.9 million in the first quarter of previous year;
  • Gross Operational Result (EBITDA) of Euro 1.6 million, corresponding to 10.7% of the Production Value, compared to Euro 1.5 million registered in the first quarter of 2014 (10.8% of the Production Value);
  • Operational Result (EBIT) of Euro 0.3 million corresponding to 2.2% of the Production Value, in line with Euro 0.3 million registered in the first quarter of previous year (2.0% of the Production Value);
  • Pre-tax result of the period net of third party share of Euro 0.5 million (3.0% of the Production Value) compared to Euro 0.4 million in the first quarter of 2014 (2.7% of the Production Value).

The Group’s Consolidated Net Financial Position at 31st March 2015 is in credit by Euro 7.6 million compared to Euro 3.6 million registered at 31st December 2014 and to Euro 0.1 million registered at 31st March 2014.

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The Manager charged with preparing the company’s financial reports, Michele Miazzi, declares, pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the document results, books and accounting records.

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The Interim Management Report at 31st March 2015 will be made available to the public at CAD IT S.p.A. registered office, at Borsa Italiana S.p.A., in the Investor Relations section on the company’s internet website www.caditgroup.com and on the authorized storage mechanism for regulated information “eMarket Storage” on the website www.emarketstorage.it within the deadlines provided for by law. Written notification of such publication will be given.

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