The Shareholders. Meeting approves the 2009 Financial Statements and the distribution of an ordinary dividend

  • 29 April 2010, 11:14

The Shareholders’ Meeting of CAD IT S.p.A. (www.cadit.it), leader in the Italian financial software market and quoted in STAR, today approved the 2009 Financial Statements and the payment of an ordinary dividend.

The Consolidated Financial Statements at 31st December 2009 shows:

  • Value of Production of Euro 54.3 million compared to Euro 59.8 million in 2008; internal work capitalised under fixed asset stood at Euro 4.2 million compared to Euro 2.6 million in 2008;
  • Gross Operational Result (EBITDA) of Euro 7.3 million (13.4% of the Value of Production) compared to Euro 12.7 million in 2008 (equal to 21.2% of the Value of Production);
  • Operational Result (EBIT) of Euro 3.5 million (6.5% of the Value of Production), compared to Euro 9.2 million in 2008 (equal to 15.4% of the Value of Production). The intangible fixed asset amortization went from Euro 2.6 million in 2008 to Euro 2.8 million in 2009;
  • Group pre-tax profit stood at Euro 3.8 million (7% of the Value of Production) compared to Euro 9.4 million in the previous financial period (15.8% of the Value of Production);
  • Net profit of Euro 2 million, equal to 3.7% of the Value of Production compared to Euro 4.9 million in the previous year (8.1% of the Value of Production).

The Parent Company CAD IT S.p.A. recorded a Value of Production of Euro 50.5 million compared to Euro 50.9 million in the previous financial period with a net profit of Euro 2.4 million compared to Euro 4.6 million at 31st December 2008.

CAD IT hereby reports that the Consolidated Net Financial Position at 31st December 2009 was in credit at Euro 5.1 million compared to Euro 7 million in the previous year after a payment of Euro 4.5 million for dividends during 2009.

The Shareholders’ Meeting decided the distribution of an ordinary dividend of €0.25 per share, gross of withholding taxes. The dates for coupon detachment number 11 and dividend payments are the 10th and 13th of May 2010 respectively.

Download attachment