The Board of Directors approves the Interim Management Report at 30th September 2009

  • 13 November 2009, 17:46

The Board of Directors of CAD IT S.p.A., leader in the Italian financial software market and quoted in the STAR segment of Borsa Italiana, today approved the Interim Management Report at 30th September 2009.
The main consolidated results of the third quarter 2009 are as follows:

  • Value of Production of Euro 13.3 million compared to Euro 15.2 million in the third quarter of 2008;
  • Gross Operational Result (EBITDA) of Euro 2.3 million, corresponding to 17.3% of the Value of Production, compared to Euro 3.9 million in the third quarter of 2008 (25.5% of the Value of Production);
  • Operational Result (EBIT) of Euro 1.4 million, corresponding to 10.8% of the Value of Production, compared to Euro 3 million in the third quarter of 2009 (20% of the Value of Production);
  • Group Pre-tax Profit of Euro 1.6 million, corresponding to 11.6% of the Value of Production, compared to Euro 3 million in the third quarter of 2008 (19.6% of the value of Production).

The Net Consolidated Financial Position at 30th September 2009 is in credit by Euro 7 million compared to the Euro 9.1 million registered at 30th June 2009, the Euro 13.3 million registered at 31st December 2008 and the Euro 13.6 million at 30th September 2008.

In order to give a complete report, below are the main consolidated results of the first nine months of 2009:

  • The Value of Production equals Euro 40.6 million compared to Euro 44.6 million in the same period of the previous year. The increase in internal work capitalised under fixed assets in the first nine months stands at Euro 3 million compared to Euro 1.8 million in the same period in 2008. Net sales equal Euro 36.8 million in the first nine months of 2009 compared to Euro 42.4 million in the first nine months of 2008;
  • Gross Operational Result (EBITDA) is Euro 6.4 million, corresponding to 15.8% of the Value of Production, compared to Euro 9.9 million in the first nine months of 2008 (22.1% of the Value of Production);
  • Operational Result (EBIT) is Euro 3.8 million, corresponding to 9.4% of the Value of Production, compared to the Euro 7.3 million in the first nine months of 2008 (16.3% of the Value of Production);
  • Group Pre-tax Profit is Euro 4.1 million, corresponding to 10% of the Value of Production, compared to Euro 7.2 million in the same period of the previous year (16.1% of the Value of Production).
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