The CAD IT Board of Directors approves the Interim Management Report at 31st March 2018

  • 14 May 2018, 16:26

The Board of Directors of CAD IT S.p.A. (www.caditgroup.com), leader in the Italian financial software market and listed in the STAR segment of Borsa Italiana, today approved the Interim Management Report at 31st March 2018.

The main results in regard to the Consolidated Profit and Loss account at 31st March 2018 are as follows: 

  • Production Value of Euro 15.8 million (Euro 14.6 million in the first quarter of 2017). The increases in internal work capitalized for the development of new products (asset increases due to internal work) stands at Euro 0.5 million, compared to Euro 1.1 million in the first quarter of previous year;
  • Gross Operational Result (EBITDA) of Euro 2.3 million (14,3% of the Production Value) compared to Euro 2.2 million registered in the first quarter of 2017 (14.8% of the Production Value);
  • Operational Result (EBIT) of Euro 1.0 million corresponding to 6.6% of the Production Value, compared to Euro 0.7 million registered in the first quarter of previous year (4.5% of the Production Value);
  • Result of the quarter, net of tax, attributable to owners of the parent of Euro 1.0 million (6.4% of the Production Value) compared to Euro 0.5 million in the first quarter of 2017 (3.4% of the Production Value).

The Group’s Consolidated Net Financial Position at 31st March 2018 is in credit by Euro 16.9 million compared to Euro 8.5 million registered at 31st December 2017 and to Euro 1.8 million registered at 31st March 2017.

The increase in the net financial position is mainly due to the collection of receivables related to important projects invoiced at the end of last year and in the first few months of the current year.

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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. In order to allow a better assessment of the economic and financial management trend, this press release also includes some alternative performance indicators, in addition to the conventional financial indicators required by IFRS. These indicators are calculated according to the usual market practices and in compliance with the previous company communications.

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The Interim Management Report at 31st March 2018 is not subject to auditing by the auditing company and 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 of the company’s internet website www.caditgroup.com and on the authorized storage mechanism for regulated information “eMarket STORAGE” at www.emarketstorage.com within the deadlines provided for by law. Written notification of such publication will be given.

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