- Financial News
27 April 2012
- Consolidated turnover of 440.3 million Euros (+14.6%);
- Net earnings of 24.2 million Euros (+18.6%).
The proposal of the distribution of a dividend of 0.50
Euros per share was approved.
The Board of Directors and the Board of Auditors were
appointed for the three-year period 2012-2014.
The Share Purchase Plan and assignment of treasury shares
were approved
Reply S.p.A. - a company listed on the STAR segment of the
Milan stock exchange [MTA, STAR: REY] - held an ordinary
Shareholders' Meeting today to approve the financial
statements for the 2011 financial year, confirming the
distribution of a gross dividend of 0.50 Euros per
share.
Dividends will be paid as from 31 May 2012, with the
ex-dividend date set at 28 May 2012.
Financial Statements for the 2011 financial year
Reply Group closed the 2011 financial year with
consolidated sales revenues of 440.3 million Euros, an
increase of 14.6% over the 384.2 million Euros reported in
2010.
EBITDA achieved was 55.0 million Euros (49.2 million Euros
in 2010) while EBIT achieved was 48.7 million Euros (41.6
million Euros in 2010). The net profit was equal to 24.2
million Euros (20.4 million Euros in 2010).
The Shareholders' Meeting also approved the following
motions:
Appointment of the Board of Directors and the Board of
Auditors for the coming three-year period
The Shareholders' Meeting also served to appoint the new
members of the Board of Directors for the three-year period
2012-2014 - upon approval of the increase in the number of
members which rises from 7 to 9 - in addition to the Board
of Auditors for the coming three-year period 2012-2015,
based upon the list presented by the majority shareholder
of ALIKA S.R.L..
Board Members appointed: Mario Rizzante (Chairman), Oscar
Pepino, Tatiana Rizzante, Claudio Bombonato, Filippo
Rizzante, Carlo Alberto Carnevale Maffè, Fausto Forti,
Daniele Angelucci and Marco Mezzalama.
More specifically, the Board Members: Fausto Forti, Marco
Mezzalama and Carlo Alberto Carnevale Maffè meet the
conditions described in Article 148, Paragraph 3 of
Legislative Decree no. 58/1998, in addition to the
Self-regulatory Code of the Publicly Traded Company, to
qualify as independents.
The Board of Auditors includes three regular members and
two substitute auditors: Cristiano Antonelli (President),
Ada Alessandra Garzino Demo (regular), Paolo
Claretta-Assandri (regular), Alessandro Mikla (substitute)
and Alessandro Pedretti (substitute).
Approval of the stock repurchase plan
The stock repurchase plan authorized by the General Meeting
of 28 April 2011 was brought to an early close today. This
plan had an initial duration of 18 months and addressed a
maximum of 743,759 ordinary shares. Upon termination of the
plan, Reply now holds a total of 235,813 of its own shares,
equivalent to 2.5568% of the entire share capital.
The Shareholders' Meeting also authorized a new stock
repurchase plan: the primary objective of this new plan is
the purchase of shares as part of a shareholders' incentive
package, the purchase of stakes in and/or the conclusion of
agreements with strategic partners.
This plan has a duration of 18 months starting on the date
of approval, and addresses a maximum of 1,608,758 ordinary
shares (equivalent to 17.4432% of the company's registered
stock) with a nominal value of €0.52 each and a cumulative
value of €836,554.16 (the maximum allowed financial
commitment is €30,000,000). The purchase price may not be
higher than the official price of the transactions
registered on the MTA Market on the day prior to purchase,
increased by 15%.
Approval of the remuneration Report
The Shareholders' Meeting also approved the remuneration
Report drawn up in compliance with Art 123-ter of
Legislative Decree 58/1998.
"The year 2011 - stated Mario Rizzante, the
President of Reply - was, for our Group, a year
characterised by excellent results, both in terms of
economic results and our market position. Reply, is
presently an ever-increasingly international Group, active
in Europe and in America, with its own unique position
within the main IT investment areas of the large
companies".
"Over the last few years - Mario Rizzante
continues - we have invested in niche skills which are
increasingly proving themselves to be fundamental when
redefining business models, such as Cloud Computing, Social
Media, Big Data and the Internet of Things and we have
carried out important and significant reengineering work
relative to our offer, constantly re-aligning it to
requirements of a market which is undergoing profound
transformation, which sees technology which is cohesive and
aligned with ever expanding and rapid business processes,
ranging from CRM to SCM, from Mobile to digital
payments".
"2012 - Mario Rizzante concludes - has
begun positively for Reply and the results of the first few
months leave us feeling confident with the development
strategy which we have established and which we hope to
achieve".
The manager responsible for drawing up the company's
accounts, Mr Giuseppe Veneziano, declares that, pursuant to
Paragraph 2 of Article 154 bis of the Consolidated Finance
Law, the accounting information contained in this release
matches the information included in the accounting books
and records.
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