The Board of Directors approves the Interim Management Report at 30th September 2016

The Board of Directors of CAD IT S.p.A., leader in the Italian financial software market and listed in the STAR segment of Borsa Italiana, today approved the Interim Management Report at 30th September 2016.

The main consolidated results of the third quarter 2016 are as follows:

• Production Value of Euro 13.2 million compared to Euro 14.4 million in the third quarter of 2015. During the three months in question, increases in internal work capitalized for the development of new products (asset increases due to internal work) came to Euro 1.1 million compared to Euro 0.9 million in the same period of the previous year;
• Gross Operational Result (EBITDA) of Euro 2.1 million (15.8% of the Production Value) in line with Euro 2.1 million registered in the third quarter of 2015 (14.5% of the Production Value);
• Operational Result (EBIT) of Euro 0.6 million, corresponding to 4.4% of the Production Value in line with Euro 0.6 million registered in the third quarter of 2015 (4.1% of the Production Value);
• Result of the quarter, net of tax and of third party share, attributable to owners of the parent of Euro 0.4 million, corresponding to 3.1% of the Production Value, in line with Euro 0.4 million registered in the third quarter of 2015 (2.5% of the Production Value).

The Consolidated Net Financial Position at 30th September 2016 is in credit by Euro 1.1 million, compared to Euro 1.7 million registered at 30th June 2016 and to Euro 2.5 million registered at 31st December 2015.                                                             

The main consolidated results of the first nine months of 2016 are outlined below:

• Production Value of Euro 42.1 million compared to Euro 44.0 million in the same period of the previous year. During the nine months in question, investment for internal work capitalized under fixed assets came to Euro 3.6 million compared to Euro 2.8 million registered in the same period of the previous year. Net sales were equal to Euro 38.5 million compared to Euro 41.0 million registered in the first nine months of 2015;
• Gross Operational Result (EBITDA) of Euro 5.6 million (13.2% of the Production Value), compared to Euro 5.2 million in the first nine months of 2015 (11.7% of the Production Value);
• Operational Result (EBIT) of Euro 1.1 million (2.7% of Production Value) compared to Euro 1.0 million in the first nine months of 2015, corresponding to 2.3% of Production Value;
• Result of the period, net of tax and of third party share, attributable to owners of the parent of Euro 0.9 million, corresponding to 2.2% of the Production Value, compared to Euro 0.6 million registered in the same period of the previous year (1.4% of the Production Value).

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The Manager charged with preparing the company’s financial reports, Michele Miazzi, 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 Interim Management Report at 30th September 2016 will be made available to the public at CAD IT S.p.A. registered office, at Borsa Italiana S.p.A., in the Investor Relations section on the company’s internet website www.caditgroup.com and on the “NIS-Storage” authorized storage mechanism for regulated information at www.emarketstorage.com within the deadlines provided for by law. Written notification of such publication will be given.