REPLY: The Board of Directors Approves the Quarterly Financial Report as of 30 September 2019
November 14 2019 - 7:53AM
Business Wire
All economic indicators grew substantially
(*):
- Consolidated turnover of €866.2 million (+14.8%)
- EBITDA of €136.2 million (+34.6%)
- EBIT of €108.6 million (+18.9%)
- Pre-tax profit of €107.7 million (+11.8%)
- Positive Net Financial Position of €52.9 million.
Today, the Board of Directors of Reply [MTA, STAR: REY] approved
the results as at 30 September 2019.
In the first nine months of the year, the Group has recorded a
consolidated turnover of €866.2 million, which is an increase of
14.8% compared to €754.4 million at 30 September 2018.
All indicators are positive for the period (*). Consolidated
EBITDA to September 2019, was €136.2 million, which is an increase
of 34.6% compared to the €101.2 million recorded at September 2018.
Consolidated EBITDA - excluding the effects of the application of
IFRS 16 - would have been €118.4 million.
EBIT, from January to September, was €108.6 million, which is an
increase of 18.9% compared to €91.4 million at September 2018).
EBIT, excluding the effects of the application of IFRS 16, would
have been €107.9 million.
Pre-tax profit, from January to September 2019, was €107.7
million (+11.8% compared to €96.3 million in 2018). The value
excluding the effects of the application of IFRS 16 would have been
equal to €108.7 million.
For the third quarter of the year, the Group’s performance is
equally positive, with consolidated turnover for the period of
€292.5 million, which is an increase of 14.1% compared to 2018.
EBITDA, from July to June 2019, was equal to €50.6 million
(excluding the effects of the application of IFRS 16, this would
have been equal to €44.8 million), with an EBIT of €41.0 million
(the application of IFRS 16 does not affect EBIT ) and pre-tax
profit of €37.5 million (excluding the effects of the application
of IFRS 16, this would have been equal to €38.1 million).
As at 30 September 2019, the Group’s net financial position is
positive at €52.9 million (€151.6 million excluding the effects of
the application of IFRS 16). The net financial position as at 30
June 2019 was positive at €18.3 million.
“In the first nine months of 2019 Reply was able to achieve
extremely positive results, both in terms of turnover and margins,”
said Reply Chairman Mario Rizzante after the Board of Directors
meeting. “Even the third quarter was characterised by significant
growth, which has allowed us to view the coming months with
optimism and continue with the development of our Group.”
“Reply’s strength lies in our ability to interpret digital
innovation so that it meets the needs of business”, continues Mario
Rizzante. “These first nine months of 2019 have seen important
developments in our main offering lines: cloud, IoT and connected
products, data platforms and digital experience. We have also
witnessed an exponential growth in demand for new applications
related to the use of artificial intelligence, an area to which
Reply has long been committed and where it has acquired a
leadership position.”
(*) Reply has applied the new international accounting standard
IFRS 16 prospectively from 1 January 2019, which has had an effect
on the value of EBITDA (+€17.8 million) and on the net financial
position (-€98.7 million).
The manager responsible for preparing the company's financial
reports, Dr Giuseppe Veneziano, states in accordance with Paragraph
2 of Article 154-bis of the Consolidated Finance Act, that the
accounting information contained in this press release corresponds
to the company's records, ledgers and accounting entries.
Reply Reply [MTA, STAR: REY] specialises in the design
and implementation of solutions based on new communication channels
and digital media. As a network of highly specialised companies,
Reply defines and develops business models enabled by the new
paradigms of big data, cloud computing, digital media and the
internet of things. Reply delivers consulting, system integration
and digital services to organisations across the telecom and media;
industry and services; banking and insurance; and public sectors.
www.reply.com
This press release is a translation, the
Italian version will prevail.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191114005391/en/
Media Contacts Reply Fabio Zappelli
f.zappelli@reply.com Tel. +390117711594
Investor Relation Contacts Reply Riccardo
Lodigiani r.lodigiani@reply.com Tel. +390117711594
Michael Lueckenkoetter m.lueckenkoetter@reply.com Tel.
+49524150091017
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