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14 May at 13:05All economic and financial indicators are positive (*):
Today, the Board of Directors of Reply S.p.A. [MTA, STAR: REY] approved the results as at 31 March 2019.
Since the beginning of the year, the Group has recorded a consolidated turnover amounting to €283.5 million, an increase of 18.7% compared to the corresponding data for 2018.
All indicators are positive for the period (*). In the first quarter of 2019 the consolidated EBITDA was €42.3 million (compared to €32.2 million recorded in 2018) and is equal to 14.9% of the turnover. Consolidated EBITDA, excluding the effects of applying IFRS 16, would have been €36.5 million.
EBIT, from January to March, was €33.6 million (€28.7 million in 2018), and is equal to 11.8% of the turnover. EBIT, excluding the effects of applying IFRS 16, would have been €33.3 million.
The profit before tax, from January to March 2019, was €34.2 million (€28.3 million in 2018), equal to 12.1% of the turnover. The value, excluding the effects of applying IFRS 16, would have been equal to €34.4 million.
The net financial position of the Group on 31 March 2019 is positive by €50.0 million (€134.3 million excluding the effects of applying IFRS 16). The net financial position on 31 December 2018 was positive for €66.6 million.
“The mission of our Group,” - says Mario Rizzante, Chairman of Reply - “has always been to support our customers in a process of continuous innovation. The growth registered in 2018 and the positive start in 2019 are solid foundation on which further develop Reply; our goal now is to strengthen Reply as a reference point for the new technology frontiers such as Artificial Intelligence, Data, Internet of Things and new cloud platforms.”
(*) Reply has applied the new international accounting standard IFRS 16 prospectively from 1 January 2019, which affects the value of EBITDA (+5.8 million) and PFN (-84.3 million euros).
The manager responsible for preparing the company's financial reports, Giuseppe Veneziano, states in accordance with Paragraph 2 of Article 154-bis of the Consolidated Finance Act, that the accounting information contained in this press release corresponds to the company's records, ledgers and accounting entries.
This press release is a translation, the Italian version will prevail.