CAD IT: the Board of Directors approves the six-monthly results at 30th June 2012

  • 28 August 2012, 14:45

The Board of Directors of CAD IT S.p.A., leader in the Italian financial software market, met today to approve the Half-Yearly Financial Report at 30th June 2012.

The main Consolidated Profit and Loss Account results relating to the first half of 2012 are as follows:

  • Production Value of Euro 26.4 million (Euro 26.2 million in the first six months of 2011). During the six months in question the internal work capitalized for the development of new products (internal work capitalized under fixed assets) came to Euro 1.8 million compared to Euro 1.9 million in the same period last year.
  • Gross Operational Result (EBITDA) of Euro 2.9 million (10.9% of Production Value), compared to Euro 2.4 million in the first six months of 2011, corresponding to 9.1% of Production Value.
  • Operational Result (EBIT) of Euro 1.2 million (4.6% of Production Value) compared to Euro 0.6 million in the first six months of 2011, corresponding to 2.4% of Production Value.
  • Result of the period net of third party share of Euro 0.5 million (1.9% of Production Value) after the calculation of taxes for Euro 0.9 million, compared to Euro 42.449 (0.2% of Production Value) in the same period last year.

The Consolidated Net short-term Financial Position at 30th June 2012 is in credit by Euro 9.8 million compared to Euro 5.4 million registered at 31st December 2011 and to Euro 4.5 million registered at 30th June 2011, after dividend payments in 2012 of Euro 2.2 million.

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The Half-Yearly Financial Report as of June 30th 2012, with the certification in compliance with art. 154 bis, paragraph 5, of Legislative Decree 58/98 (Consolidated Finance Act) and the report by the auditing firm will be made available to the public at the Company’s registered office and at Borsa Italiana S.p.A. (www.borsaitaliana.it) and will be published on the www.cadit.it website by August 29th 2012. Written notification of such publication will be given.

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The Manager charged with preparing the company’s financial reports, Maria Rosa Mazzi, 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.

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