CAD IT: the Board of Directors approves the Interim Management Report at 31st March 2012

  • 15 May 2012, 17:40

The Board of Directors of CAD IT S.p.A. (www.cadit.it), leader in the Italian financial software market and quoted in the STAR segment of Borsa Italiana, today approved the Interim Management Report at 31st March 2012.

The main results in regard to the Consolidated Profit and Loss account at 31st March 2012 are as follows:

  • Production Value of Euro 13.6 million showing a growth compared to Euro 13.4 million in the first quarter of 2011. The internal work capitalized under fixed assets went from Euro 1 million in the first quarter of 2011 to Euro 0.9 million in the first quarter of the current year;
  • Gross Operational Result (EBITDA) of Euro 1.8 million, corresponding to 12.9% of the Production Value, showing an increase compared to Euro 1.6 million in the first quarter of 2011 (11.7% of the Production Value);
  • Operational Result (EBIT) of Euro 0.9 million corresponding to 6.8% of the Production Value, showing an increase compared to Euro 0.8 million in the first quarter of 2011 (6.0% of the Production Value);
  • Result of the period net of third party share of Euro 1.0 million (7.6% of the Production Value) and in line compared to Euro 1.0 million registered in the first quarter of 2011 (7.3% of the Production Value).

The Consolidated net short-Term Financial Position at 31st March 2012 is in credit by Euro 7.4 million compared to Euro 5.4 million registered at 31st December 2011 and to Euro 4 million registered at 31st March 2011.

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Moreover the Board of Directors, prior favorable opinion of the Board of Auditors and proposal of the Nominating and Remuneration Committee, has renewed the appointment of Maria Rosa Mazzi as Manager charged with preparing the company’s financial reports.

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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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The CAD IT S.p.A. Board of Directors has positively assessed the subsistence of the necessary requirements for its independent directors as set down by the Corporate Governance Code of the Borsa Italiana S.p.A..

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