TURIN, Italy--(BUSINESS WIRE)--All economic and financial indicators have improved:
- Consolidated turnover of 571.3 million Euros (+10.6%)
- EBITDA of 75.2 million Euros (+7.0%)
- EBIT of 68.8 million Euros (+8.5%)
- Pre-tax profit of 68.9 million Euros (+9.2%)
- Positive Net Financial Position of 42.2 million Euros
Today, the Board of Directors of Reply S.p.A. [MTA, STAR: REY] approved the results as of 30 September 2016.
The Group's consolidated turnover for the first nine months of the year has reached 571.3 million Euros with an increase of 10.6% compared to the 516.5 million Euros reported at 30 September 2015.
Consolidated EBITDA to September was EUR75.2 million Euros (EUR70.3 million at September 2015) with an EBIT of 68.8 million Euros (63.4 million Euros at September 2015).
Pre-tax profit amounted to 68.9 million Euros, representing an increase of 9.2% compared to the same period of 2015.
With reference to the third quarter of 2016 (July to September), the Group recorded a consolidated turnover of 184.8 million Euros (171.1 million Euros in Q3 2015), EBITDA of 23.9 million Euros (23 million in Q3 2015), EBIT of 20.8 million Euros (20.6 million Euros in Q3 2015) and pre-tax profit of 21.7 million Euros (+12.5% compared to Q3 2015).
At 30 September 2016, the Group's net financial position was positive by 42.2 million Euros, representing a significant increase with respect to the 23.3 million Euros at 30 June 2016.
At the end of the Board of Directors meeting, Mario Rizzante, the Chairman of Reply, said: "In the first nine months of 2016, Reply achieved very positive results in terms of turnover and market presence. Since the beginning of the year, we have worked to further enhance out offering, bringing it even more in line with the requirements of constantly changing competitive conditions."
Mario Rizzante also said: "The world is radically changing under the explosive influence of the Internet of Things, virtual reality and the cloud. Today, it no longer makes any sense to consider technology as a separate industry; on the contrary, people must deal with digital transformation as a singular event, based on interactions and instantaneous and ongoing exchanges between machines and people. This new ecosystem requires the management of increasingly large quantities of data, as well as the ability to very quickly reconfigure and adapt business processes; algorithms and artificial intelligence increasingly play a decisive role in this. Reply is now ready to play a leading role in this new scenario and we are committed to become more and more a point of reference for consultancy and technology in Europe."
Pursuant to Paragraph 2, Article 154-bis of the Consolidated Finance Act, Director Dr Giuseppe Veneziano declares that the accounting information contained in this press release corresponds to the accounting figures, books and documents.
Reply
Reply [MTA, STAR: REY] specialises in the design and implementation of solutions based on new communication channels and digital media. Reply is a network of highly specialised companies that supports key European Industrial groups operating in telecommunications and media, industry and services, banking, insurance and public administration sectors in the definition and development of business models enabled for the new paradigms of big data, cloud computing, digital media and the Internet of Things. Reply services include consulting, system integration and digital services. www.reply.com.
Turin, 10 November 2016
This press release is a translation, the Italian version will prevail.