CAD IT's B.o.D. approves the 2012 Draft Financial Statements, calls the Shareholders' Meeting and proposes a dividend of Euro 0.30 per share

The Board of Directors 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 Draft Financial Statements and the Consolidated Financial Statements as at 31st December 2012.

The Consolidated Financial Statements 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.

On the basis of the 2012 results, the Board of Directors has decided to propose the distribution of an ordinary dividend of Euro 0.30 per share at the Shareholders’ Meeting. The dates that the CAD IT Board of Directors will suggest at the Shareholders’ Meeting for ex-dividend and ordinary dividend payment are 6th May 2013 and 9th May 2013 respectively, and 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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CAD IT reports, in accordance with art. 89 bis of the Issuer Regulations, to have approved the annual Corporate Governance report which will be published, in accordance with the law, on the company’s website and made available at its head offices and at Borsa Italiana.

CAD IT’s Board of Directors has also summoned the ordinary Shareholders’ Meeting in one single call for 29th April 2013.
The Shareholders’ Meeting will be called to deliberate on the approval of the 2012 Financial Statements, the profit allocation and, pursuant to art. 123-ter of Leg. Dec no. 58 of 24 February 1998, the first section of the remuneration report.

It should be noted that the auditing of the draft financial statements is being completed and that the annual financial report, together with the Board of Auditors’ and the Auditing Firm’s reports, as well as all the other documents related to the Shareholders’ Meeting agenda required by the applicable regulations, will be made available to the public within the deadlines provided for by law.

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CAD IT’s Board of Directors announces that, today deliberated the adjustment of articles 8, 11, 15, 17, 18 and 24 of the Company’s Bylaws to the obligatory provisions introduced by:

• Leg. Dec. no. 91 of 18th June 2012, which modifies and supplements the Leg. Dec. no. 27/2010 (on the subject of the assertion of some rights by the shareholders of listed companies);
• Law no. 120 of 12th July 2011 (on the subject of equilibrium between genders in the administrative and controlling bodies of listed companies).

The minutes of CAD IT Board of Directors and the amended Bylaws will be made available to the public at CAD IT S.p.A. registered office, at Borsa Italiana and in the Investor Relations section on the company’s internet website www.caditgroup.com, within the deadlines provided for by law.