The CAD IT Shareholders' Meeting deliberates the approval of the 2018 financial statements and the renewal of the Board of Directors

The ordinary shareholders’ meeting of CAD IT S.p.A. (, leader in the Italian financial software market, today approved the financial statements as at 31st December 2018.

The consolidated financial statements as at 31st December 2018, which for the first time includes the Spanish companies acquired during the financial year, show:

  • Production Value of Euro 66.4 million (Euro 62.8 million in 2017); the revenues from sales and services of increases of Euro 62.3 million (Euro 58.5 million in 2017);
  • Gross Operational Result (EBITDA) of Euro 13.5 million (20.3% of Production Value) compared to Euro 12.5 million in 2017 (19.8% of Production Value);
  • Operational Result (EBIT) of Euro 8.5 million (12.9% of Production Value), compared to Euro 6.1 million in 2017 (9.7% of Production Value);
  • Result of the period, net of tax, attributable to owners of the parent of Euro 5.5 million (8.3% of Production Value) compared to Euro 3.7 million registered in the previous year (5.9% of Production Value).

CAD IT S.p.A. hereby reports that the Group’s Consolidated Net Financial Position at 31st December 2018 is in credit by Euro 14.9 million, compared to Euro 8.5 million registered at 31st December 2017.

The reverse merger of the parent company (CAD IT S.p.A., merged company) into the fully owned subsidiary CAD IT S.p.A. (surviving company, formerly CAD S.r.l.) became effective on 1st December 2018, pursuant to Article 2504-bis, paragraph 2, of the Italian Civil Code. The operations of the merged company are charged to the financial statements of the surviving company from 1st January 2018.

The Parent Company CAD IT S.p.A. recorded a Production Value of Euro 60.0 million, a Gross Operational Result (EBITDA) of Euro 10.8 million, an Operational Result (EBIT) of Euro 5,4 million and a Net Result of Euro 4.7 million.

Regarding parent company CAD IT S.p.A. 2018 financial results, the ordinary shareholders’ meeting deliberated to allocate the financial year’s net profit to the extraordinary reserve of undivided profits.

*          *          *

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.

Furthermore, it is pointed out that this press release, in addition to the conventional financial indicators required by IFRS, also contains some alternative performance indicators in order to allow a better assessment of the economic and financial management trend. These indicators are calculated according to the usual market practices and in compliance with the previous company’s communications.

*          *          *

The 2018 financial statements and consolidated financial statements, together with  the reports on operations and certifications pursuant to article 154-bis of the TUF, and with the reports of the auditing firm and of the board of statutory auditors, will be published in the Investor Relation section of the company’s internet website ( within the deadlines provided for by law. Written notification of such publication will be given.

*          *          *

Following the expiry of the term of office, today’s CAD IT shareholders’ meeting appointed for one fiscal years a board of directors composed of three directors, namely: Mr. Paolo Dal Cortivo as chairman, Ms. Giulia Dal Cortivo, as deputy chairman and Mr. Flavio Piva.

The new board of directors will remain in office until the date of the shareholders’ meeting called to approve the financial statements as at 31st December 2019.

Download attachment