PRESS RELEASE
BEST UNION GROWS IN THE FIRST QUARTER 2014:
- Revenue's growth of 23% over the previous year;
- EBITDA's growth of 35% over the previous year;
- EBIT increased of 51% compared to 31st March, 2013.
• Consolidated Revenues of 10,143 thousand Euro (€ 8,264 thousand at March 31st, 2013) +23%
• EBITDA of 860 thousand Euro (€ 637 thousand at March 31st, 2013) +35%
• EBIT of 312 thousand Euro (207 thousand Euros at March 31st, 2013) +51%
• Cash Position of 107 thousand Euros (€ 1.596 thousand at December 31st, 2013)
Bologna, May 14th, 2013 - Today the Board of Directors of Best Union Company S.p.A. examined and approved the Interim Management dated 31st March, 2013.
Net revenues at the end of the first three months of 2014 amount to Euro 10,143 thousand with an increase of Euro 1,879 thousand (+23%) compared to the corresponding period of the previous year, as a result of the new projects still under process, as well as the effect of expanding the scope of consolidation with the inclusion of the company Enta Ticketing Solutions Ltd. Consolidated Revenues as at March 31st, 2013 amounted to 8,264 million euro.
EBITDA margin amounted to Euro 860 thousand (8,5% of revenues) compared to Euro 637 thousand (7,7% of revenues) for the period January-March 2013, and showed an increase of Euro
223 thousand (+35%).
EBIT margin amounted to Euro 312 thousand compared to Euro 207 thousand for the period
January-March 2013, and showed an increase of Euro 105 thousand (+51%).
The operating result for the first three months of 2013, and the improvement compared to the same period of 2013, reflect the results of new contracts gained and under execution.
As at 31st March 2013, the Group had a net cash position of Euro 107 thousand compared to a positive balance of Euro 1,596 thousand at 31st December 2013. The change is mainly due to the financial dynamic of the period.
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Mr. Luca Montebugnoli, President and CEO of Best Union Company SpA said - "In the first quarter of 2014 Best Union Group confirms its growth in terms of turnover and profitability performing good results compared with the previous year. This year Best Union is carrying out an increase in revenue due to the acquisition of new international contracts and to the margins improvement. The results for the first quarter of 2014 confirm that the Group is moving in line with the strategic guidelines defined by management that mainly concern the increase of the quote deriving from foreign revenues and the growth of the revenues deriving from the B2C sector".
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Best Union's Chief Financial Officer, Licia Montebugnoli, in her position as manager responsible for the preparation of the Company's financial reports, certifies that data and information disclosed in this press release correspond to the Company's evidence and accounting books and records, pursuant to rule 154-bis paragraph 2 of Legislative Decree No. 58/1998.
This press release for the first quarter and the three months of 2013 is also available on the
Company's web site, www.bestunion.com, and on the Borsa Italiana SpA's website.
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Best Union Company SpA, Bologna-based company established in 1999 and listed on the Stock Exchange in

2008, is one of the leading companies in the design, production, marketing and management of electronic ticketing systems and access control and the management and organization of care facilities and safety in the events. Best Union Company is the only company able to offer as integrated most of the hardware and software systems and services necessary for the performance of sporting events, exhibitions, entertainment in general and the operation of amusement parks.

For more information:

Best Union Company S.p.A. Investor Relations

Francesco Sponziello

Phone cell. +39 392 7246251

ir@bestunion.it

Consolidated Profit & Loss

Data ('000 €) 31/03/2014


2014 2013

Total Revenues 10.143 8.264

Total Operating Costs (9.283) (7.627)


EBITDA (*) 860 637

EBIT 312 207

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