CAD IT: the Board approves the half year 2002 results

CAD IT closes the first semester of 2002 with a production value of 30 million Euro, 3% more than the first semester of 2001

Late this afternoon the Board of Directors of CAD IT SpA, leader in the Italian financial software market, approved the consolidated six-monthly report of the CAD IT Group.

On 30th June 2002 CAD IT reported the following consolidated six-monthly data:

• a production value of 30 million Euro, an increase of 3% compared to the first semester of 2001;
• an EBITDA of 6.3 million Euro, corresponding to 21% of the production value;
• an EBIT of 4.6 million Euro, corresponding to 15.2% of the production value;
• a net profit of 2.6 million Euro, corresponding to 8.6% of the production value.