Financial News

Board of Directors approves the Quarterly Report as at 30 September 2012

13 November 2012

"Double digits" growth across all economic and financial indicators:

• Consolidated turnover of 361.4 million Euros (+12.0%);
• EBITDA of 44.3 million Euros (+13.7%);
• EBIT of 39.5 million Euros (+15.5%);
• Earnings before tax of 38.5 million Euros (+16.8%).

Today, the Board of Directors of Reply S.p.A. – a company listed on the STAR segment [MTA, STAR: REY] - approved the company’s results as at 30 September 2012.

The Group achieved consolidated sales of 361.4 million Euros in the first nine months of the year, with an increase of 12.0% in comparison with the 322.5 million Euros recorded at 30 September 2011, this in spite of the general slump in the ICT sector (from January to June -1,8% in Europe and -3,8% in Italy1).

Consolidated EBITDA in September was 44.3 million Euros (39.0 million Euros as at September 2011) and EBIT was 39.5 million Euros (34.2 million Euros as at September 2011).

Earnings before tax of 38.5 million Euros represented an increase of 16.8% when compared to the same period in 2011.

In the third quarter of 2012 the Group registered consolidated sales of 117.2 million Euros, an increase of 13.0% when compared to the same period in 2011; further, it registered EBITDA of 13.6 million Euros, EBIT of 11.9 million Euros and earnings before tax of 11.7 million Euros.

The Group’s net financial position at 30 September 2012 was negative at 1.0 million Euros, a significant improvement in comparison with 30 June 2012 and 31 March 2012, when it was negative, respectively, at 17.7 million Euros and at 8.0 Million Euros.

At the end of the Board meeting, the Reply Chairman Mario Rizzante stated: "Reply achieved extremely positive results, both in economic and financial terms, in the first three quarters of 2012. The third quarter, in particular, featured substantial growth, that allows us to look towards the end of the year with confidence".

"In recent months - continued Rizzante - Reply went ahead to invest in the development of proprietary skills and assets, placing nowadays as a leader in areas such as Social Networking, Digital Media, Cloud Computing, Mobile Applications, mPayments and the most innovative Mobile Commerce, Internet of Things and Big Data".

"Our competitive position and financial and economic soundness - concludes Rizzante - allow us to move forward with composure and determination in our project for development in Europe and launching in North America where we opened new offices in Chicago and Detroit in October".

1 Source: Gartner Group and Assinform - 2012

The manager responsible for drawing up the company’s accounts, Mr Giuseppe Veneziano, declares that, pursuant to Paragraph 2 of Article 154 bis of the Consolidated Finance Law, the accounting information contained in this press release corresponds to the document results, books and accounting records.