> The Board of Directors approves Sept. 30th, 2015 Interim Report

Best Union Company S.p.A.: The Board of Directors approves September 30th, 2015 Interim Report. Revenues increased by 36% compared to the same period of 2014.
  • Consolidated turnover Euro 45,659 thousands (Euro 33,537 thousands at September 30th, 2014 +36%)
  • Consolidated EBITDA Euro 6.993 thousands (Euro 2,922 thousands at September 30th, 2014, +139%)
  • Consolidated EBIT Euro 3.659 thousands (Euro 181 thousands at September 30th, 2014)
  • Net Financial Position negative for Euro 2,845 thousands (negative for Euro 4,757 thousands at December 31st, 2014)

Bologna, November 12th, 2015 - Best Union Company S.p.A. Board of Directors approved today the individual and consolidated interim report as at September 30th, 2015.

At a consolidated level, the Group registered Revenues for Euro 45,659 thousands, with an increase by 36% compared to Euro 33,537 thousands at September 30th, 2014. The increase in revenues of the first nine months (January - September) of the year 2015, compared to the same period of 2014, was mainly due to the new projects, some of them already closed and other in progress that will be completed within the end of the year, especially the management of ticketing and access control services of Expo 2015 in Milan, and other project related to it. Furthermore the company Irec S.a.s. was consolidated for the full nine months of the 2015, contributing for the entire period to the economic and financial results.

Consolidated EBITDA was Euro 6,993 thousands with an increase of Euro 4,071 thousands (+139%) compared to the same period of the 2014 (Euro 2,922 thousands). The increase on EBITDA was mainly due to the marginality of the projects above and to the cost saving process performed by the Group during the last two years.

Consolidated EBIT was positive for Euro 3,659 thousands, compared to Euro 181 thousands in the same period of 2014.

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