The CAD IT Shareholders' Meeting deliberates the approval of 2012 Financial Statements and the distribution of an ordinary dividend of Euro 0.30 per share

The ordinary Shareholders’ Meeting of CAD IT S.p.A. (www.caditgroup.com), leader in the Italian financial software market and listed in the STAR segment of Borsa Italiana, today approved the 2012 Annual Financial Statements.

The Consolidated Financial Statements as at 31st December 2012 shows:

• Production Value of Euro 56.5 million compared to Euro 56.2 million in 2011; the internal work capitalized for the development of new products (internal work capitalized under fixed assets) came to Euro 3.6 million compared to Euro 3.5 million in the previous year;
• Gross Operational Result (EBITDA) of Euro 9.3 million (16.4% of Production Value) compared to Euro 8.2 million in 2011 (equal to 14.5% of Production Value);
• Operational Result (EBIT) of Euro 5.5 million (9.8% of Production Value), compared to Euro 4.6 million in 2011 (equal to 8.3% of Production Value). The intangible fixed asset amortization went from Euro 2.9 million in 2011 to Euro 3.0 million in 2012;
• Pre-tax and pre-third party share Result equal to Euro 5.8 million (10.3% of Production Value) compared to Euro 4.7 million in the previous financial period (8.4% of Production Value);
• Net Result of Euro 3.2 million, equal to 5.7% of Production Value compared to Euro 1.9 million in the previous year (3.3% of Production Value).

CAD IT hereby reports that the Consolidated Net short-term Financial Position at 31st December 2012 is in credit by Euro 3.9 million, compared to Euro 3.6 million at 30th September 2012 and to Euro 5.4 million registered at 31st December 2011.

The Parent Company CAD IT S.p.A. recorded a Production Value of Euro 54.9 million compared to Euro 54.5 million in the previous financial period with a net result of Euro 2.9 million compared to Euro 2.2 million at 31st December 2011.

The ordinary Shareholders’ Meeting of CAD IT S.p.A. decided the distribution of an ordinary dividend of € 0.30 per share. The dividend, gross of withholding taxes, will be paid through authorized financial institutions, from 9th May 2013, prior release of coupon no. 13 on 6th May 2013, while the record date will be 8th May 2013.

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The manager responsible for 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 Shareholders’ Meeting approved the first section of the Remuneration Report pursuant to article 123-ter of Leg. Dec no. 58 of 24 February 1998.

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The documentation relative to the 2012 Annual Financial Statements and Consolidated Financial Statements is available to the public at the Company’s registered office, at Borsa Italiana S.p.A., as well as online at www.caditgroup.com.