The CAD IT Board of Directors approves the Interim Management Report at 30th September 2015

The Board of Directors of CAD IT S.p.A., leader in the Italian financial software market and listed in the STAR segment of Borsa Italiana, today approved the Interim Management Report at 30th September 2015.

The main consolidated results of the third quarter 2015 are as follows:

• Production Value of Euro 14.4 million compared to Euro 13.5 million in the third quarter of 2014. During the three months in question, increases in internal work capitalized for the development of new products (asset increases due to internal work) came to Euro 0.9 million compared to Euro 0.7 million in the same period of the previous year;
• Gross Operational Result (EBITDA) of Euro 2.1 million (14.5% of the Production Value) in line with Euro 2.1 million registered in the third quarter of 2014 (15.4% of the Production Value);
• Operational Result (EBIT) of Euro 0.6 million, corresponding to 4.1% of the Production Value compared to Euro 0.8 million in the third quarter of 2014 (5.8% of the Production Value);
• Result of the quarter net of tax and of third party share of Euro 0.4 million, corresponding to 2.5% of the Production Value, compared to Euro 0.3 million in the third quarter of 2014 (2.3% of the Production Value).

The Consolidated Net Financial Position at 30th September 2015 is in credit by Euro 3.5 million, compared to Euro 7.2 million in credit registered at 30th June 2015 and to Euro 3.6 million registered at 31st December 2014.                                                                

The main consolidated results of the first nine months of 2015 are outlined below:

• Production Value of Euro 44.0 million compared to Euro 41.2 million in the same period of the previous year. During the nine months in question, investment for internal work capitalized under fixed assets came to Euro 2.8 million compared to Euro 2.5 million in the same period of the previous year. Net sales were equal to Euro 41.0 million compared to Euro 38.6 million registered in the first nine months of 2014;
• Gross Operational Result (EBITDA) of Euro 5.2 million (11.7% of the Production Value), compared to Euro 5.0 million in the first nine months of 2014 (12.2% of the Production Value);
• Operational Result (EBIT) of Euro 1.0 million (2.3% of Production Value) compared to Euro 1.3 million in the first nine months of 2014, corresponding to 3.1% of Production Value;
• Result of the period net of tax and of third party share of Euro 0.6 million, corresponding to 1.4% of the Production Value, compared to Euro 0.2 million in the same period of the previous year (0.6% of the Production Value).

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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 30th September 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 “NIS-Storage” on the website www.emarketstorage.com within the deadlines provided for by law. Written notification of such publication will be given.