CAD IT: Third quarterly report 2002

CAD IT closes the first nine months of 2002 with a production value of € 43 million

Late this afternoon the Board of Directors of CAD IT SpA, leader in the Italian financial software market, approved the third quarterly report of 2002.

On the 30th September 2002 CAD IT reported the following consolidated data:

• a production value of € 43 million;
• a EBITDA of about € 8.2 million, corresponding to 19.2% of the production value;
• a group pre-tax profit of approximately € 5.3 million, equal to 12.2% of the production value.

In particular reference to the third quarter, the production value amounted to about € 13 million, the gross operational margin to € 1.9 million (equal to 14.6% of the production value) and group pre-tax profit totalled € 0.53 million (4.1% of the production value).