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14 June 2005
The General Shareholders’ meeting of Reply S.p.A. – listed on the TechSTAR division of the Italian stock exchange [REY.MI] – today approved the 2004 financial statements which closed with a consolidated turnover of EUR 112.1 million (+ 30.4% against 2003) and the distribution of a EUR 0.15 dividend per share, up from the EUR 0.12 per share of 2003.
The dividend will be paid as of 14 July 2005 with coupon detachment date set at 11 July 2005.
Notwithstanding the difficult and uncertain market conditions, at the close of 2004, Reply posted profit gains above the sector average: EBITDA was EUR 15.8 million (+ 53.1% compared to 2003), EBIT – net of amortisation of listing charges – was equal to EUR 11.4 million (+ 76.1% compared to 2003), and consolidated net profits for the year were EUR 3.8 million (+ 25.8% compared to 2003).
The Shareholders’ Meeting also approved the renewal of authorisation for a sale and purchase plan of its own stocks.
The Group started off 2005 on a positive footing, with the first quarterly trend registering an increase of all primary financial economic figures. As at 31 March 2005, consolidated turnover was EUR 31.7 million (+ 23.2% compared to 31 March 2004), EBITDA was EUR 4.6 million (+ 28.5%), while EBIT amounted to EUR 3.8 million (+ 47.7%).
The positive trend also reflected on pre-tax profits which were EUR 3.7 million, up 52.9% compared to 31 March 2004.
The Group’s net financial standing also registered significant improvements and, at the end of March 2005, was EUR 7.5 million compared to EUR 2.4 as at 31 December 2004 showing the Group’s solid liquidity.
"To us, 2004 was an important year, full of great satisfactions - said Reply Chairman Mario Rizzante at the conclusion of the meeting - The positive results have led to the decision of distributing a dividend equal to 35% of net profits, which reaffirms the Company’s policy of generating value for Shareholders and the market".
"Specifically - Mr. Rizzante went on to say - in addition to significantly developing activities in all traditional business areas, we added SAP to our technological offerings with the setting up of Cape Reply and Reply Consulting which strengthened our expertise in strategic and process consultations".
"In the first months of 2005 - concluded Mario Rizzante - we continued to grow: we entered what, for us, was a new sector, that of Utility and Energy with Power Reply and, with the acquisition of a branch of Fiat Gesco and the setting up of Eos Reply, we laid down a solid base in the area of Business process Outsourcing".