The CAD IT Shareholders' Meeting deliberates the approval of 2015 Financial Statements and the distribution of an ordinary dividend of Euro 0.15 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 Financial Statements as at 31st December 2015.

The Consolidated Financial Statements at 31st December 2015 show:

• Production Value of Euro 59.8 million (Euro 56.7 million in 2014); the increases in internal work capitalized for the development of new products (asset increases due to internal work) were equal to Euro 3.9 million compared to Euro 3.5 million in the previous year;
• Gross Operational Result (EBITDA) of Euro 7.5 million (12.5% of Production Value) compared to Euro 7.4 million in 2014 (13,1% of Production Value);
• Operational Result (EBIT) of Euro 1.8 million (3.0% of Production Value), compared to Euro 2.4 million in 2014 (4.2% of Production Value). The intangible fixed asset amortization went from Euro 4.5 million in 2014 to Euro 5.0 million in 2015;
• Pre-tax and pre-third party share Result of Euro 2.1 million (3.5% of Production Value) compared to Euro 2.6 million in the previous financial period (4.5% of Production Value);
• Net Result attributable to owners of the parent of Euro 1.1 million (1.9% of Production Value) compared to Euro 0.6 million in the previous year (1.1% of Production Value).

CAD IT hereby reports that the Group’s Consolidated Net Financial Position at 31st December 2015 is in credit by Euro 2.5 million, compared to Euro 3.6 million registered at 31st December 2014.

The Parent Company CAD IT S.p.A. recorded a Production Value of Euro 59.3 million compared to Euro 56.2 million in the previous financial period with a net result of Euro 0.9 million compared to Euro 0.5 million at 31st December 2014.

The ordinary Shareholders’ Meeting of CAD IT S.p.A. deliberated the distribution of an ordinary dividend of € 0.15 per share. The dividend, gross of withholding taxes, will be paid through authorized financial institutions, from 11th May 2016, prior release of coupon no. 15 on 9th May 2016, while the record date will be 10th May 2016.

*          *          *

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.

*          *          *

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.

The documentation relative to the 2015 Annual Financial Statements and Consolidated Financial Statements is available to the public at CAD IT S.p.A. registered office, at Borsa Italiana S.p.A., in the Investor Relations section of the Company’s internet website www.caditgroup.com and on the “NIS-Storage” authorized storage mechanism for regulated information at www.emarketstorage.com.

*          *          *

The Minutes of Shareholders’ Meeting and the Brief voting report will be made available to the public within the deadlines provided for by the applicable regulations.