Best Union : The Board of Directors approves the Interim Report dated March 31st, 2016

Best Union Company Group: Revenues and EBITDA margin increased in the first quarter 2016:

• Revenues' growth of 7,0% over the previous year;
• EBITDA's growth of 7,9% over the previous year;
• EBIT increased of 70,2% compared to march 31, 2015.

• Consolidated Revenues of Euro 14,094 thousands (Euro 13,167 thousands at march 31, 2015) +7,0%;
• Consolidated EBITDA of Euro 1,580 thousands (Euro 1,465 thousands at march 31, 2015) +7,9%;
• Consolidated EBIT of Euro 1,040 thousands (Euro 611 thousands at march 31, 2015) +70,2%;

• Net Financial Position negative of Euro 4,453 thousands (negative of Euro 4,809 thousands at December 31st, 2015).

Bologna, May 12th, 2016 - Today the Board of Directors of Best Union Company S.p.A. examined and approved the Interim Report dated March 31st, 2016.

At a consolidated level, the Group reported Revenues for Euro 14,094 thousands, with an increase of 7,0% compared to the same period of the previous financial year. The increase of the Revenues for the period January - March 2016, compared to the previous financial year, was mainly due to the new projects, some of which already completed and other still in progress and/or starting in the 2016. The Consolidated Revenues at March 31, 2015 was Euro 13,167 thousand.

The EBITDA amounted to Euro 1,580 thousand compared to Euro 1,465 thousand in the period January - March 2015 with an increase of Euro 115 thousands (+7,9%). Regarding the economic marginality, the Group confirms the performance related to the same period of the previous year.

The EBIT amounted to Euro 1,040 thousands compared to Euro 611 thousands in the period January - March 2015 with an increase of Euro 429 thousands (+70,2%). The improvement of the Operating Result was due to the absence of extraordinary cost during the period.

At March 31, 2016 the Group recorded a Net Debt of Euro 4,453 thousands, compared to a Net Debt of Euro 4,809 thousands as at December 31st, 2015. The improvement of the Net Financial Position of the Group at March 31, 2016 is mainly due to (i) the financial dynamic of the credit collection from the clients; (ii) the seasonality of the presales activities, mainly related to Best Union Company S.p.A..

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