INTERIM REPORT ON OPERATIONS AS OF SEPTEMBER 30, 2015 BOARD OF DIRECTORS REPORT ON MANAGEMENT PERFORMANCE OF THE ENGINEERING GROUP

Size: px
Start display at page:

Download "INTERIM REPORT ON OPERATIONS AS OF SEPTEMBER 30, 2015 BOARD OF DIRECTORS REPORT ON MANAGEMENT PERFORMANCE OF THE ENGINEERING GROUP"

Transcription

1

2 ENGINEERING INGEGNERIA INFORMATICA S.p.A. HEADQUARTERS IN ROME, VIA SAN MARTINO DELLA BATTAGLIA, 56 UNDERSIGNED AND FULLY PAID UP SHARE CAPITAL 31,875,000 TRADE REGISTER NO ROME CHAMBERS OF COMMERCE REA NO INTERIM REPORT ON OPERATIONS AS OF SEPTEMBER 30, 2015 BOARD OF DIRECTORS REPORT ON MANAGEMENT PERFORMANCE OF THE ENGINEERING GROUP 1. CORPORATE BOARDS GROUP ACTIVITIES SCOPE OF CONSOLIDATION FORM, CONTENT AND ACCOUNTING PRINCIPLES BUSINESS PERFORMANCE NET FINANCIAL POSITION SIGNIFICANT EVENTS DURING THE QUARTER SIGNIFICANT EVENTS AFTER THE CLOSE OF QUARTER INFRAGROUP OPERATIONS TREASURY SHARES OTHER INFORMATION OUTLOOK CERTIFICATION IN COMPLIANCE WITH ART BIS PARAGRAPH 2 D. LGS. N. 58/ Interim Report on Operations as of September 30, /15

3 1. CORPORATE BOARDS The Board of Directors, as deliberated by the Shareholders General Meeting held on April, 24, 2015 has been appointed for the next three-year period , as following: Michele Cinaglia Paolo Pandozy Marilena Menicucci Armando Iorio Massimo Porfiri Giuliano Mari Dario Schlesinger Alberto De Nigro Gabriella Egidi Jörg Zirener Chairman Chief Executive Officer Director Executive Director Independent Director Independent Director Independent Director Independent Director Independent Director Independent Director The so-called one-tier governance system adopted by Engineering Ingegneria Informatica S.p.A. requires that the Internal Control and Risk Management Committee, established within the Board of Directors, be entirely composed of independent directors. The Remuneration Committee, the Appointments Committee, and the Committee for Transactions with Related parties are comprised only of independent directors. Lead Independent Director Giuliano Mari Director in charge of the internal Control and Risk Management System Paolo Pandozy Internal Control and Risk Management Committee Chairman Jörg Zirener Members Massimo Porfiri Gabriella Egidi Remuneration Committee Chairman Dario Schlesinger Members Massimo Porfiri Giuliano Mari Jörg Zirener Interim Report on Operations as of September 30, /15

4 Appointments Committee Chairman Massimo Porfiri Members Giuliano Mari Alberto De Nigro Committee for Transactions with related parties Chairman Giuliano Mari Members Alberto De Nigro Dario Schlesinger Supervisory Board (*) Chairman Roberto Fiore Members Spartaco Pichi Amilcare Cazzato Executive Reponsible Armando Iorio Auditors Deloitte & Touche S.p.A. Specialist BANCA IMI S.p.A. (*) The Supervisory Board, following the resolution approved by the Board of Directors of Engineering Ingegneria Informatica S.p.A. on August 5, 2015, has been reappointed. Interim Report on Operations as of September 30, /15

5 2. GROUP ACTIVITIES The Group Engineering Ingegneria Informatica (hereafter denominated Engineering Group, or Group, or Engineering) is the leading domestic provider of integrated ICT services, products and consultancy. The company was founded in Padua on 6 June 1980 and has been listed on the FTSE STAR segment of the Italian Stock Market since December With approx. 7,900 employees, 40 offices throughout Italy, EU, Scandinavian Region, Latin America and a presence in the United States, the Group derives approx. 15% of revenues abroad and manages IT initiatives in over 20 countries with projects for the Industry, Telecommunications, Banking and Public Administration sectors. Interim Report on Operations as of September 30, /15

6 3. SCOPE OF CONSOLIDATION The following companies are included in the scope of consolidation: * Sicilia e-servizi Venture S.c.r.l. in liquidation As of September 30, 2015 the Engineering Group company structure is composed by 17 companies on which the parent company wields coordination, business and management activities. Interim Report on Operations as of September 30, /15

7 4. FORM, CONTENT AND ACCOUNTING PRINCIPLES With relation to the implementation of the policy on Transparency and complying with the communication n 1814 of 28/1/2008 issued by Borsa Italiana and provisions of Consob communication of 30/4/2008 DEM/ , the information contained herein has been drafted according to the instructions contained in the Art. 154-ter Financial Reports of the Testo Unico della Finanza, introduced by Legislative Decree 195/2007. Economic and financial results herein contained have been drafted in compliance with International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS), validated by the European Union, as well as to all relevant interpretations of the International Financial Reporting Interpretation Committee (IFRIC) and of the Standing Interpretation Committee (SIC). The companies included within the scope of the consolidation have been consolidated lineby-line, with the exception of the ones that are not operative and winding-up which at the close of the quarter do not have significant economic e equity figures, the accounting period of the controlled companies and the one of the parent company is the same. All evaluations have been made considering the Group continuing the activities in the foreseeable future. Achieved results as of September 30, 2015 include the companies shown in the scheme on previous page. Consolidated income statement represents the progressive situation as at the date and the one of the reference quarter compared with the same periods of previous year. In this present report, some alternative performance indicators not envisaged by IFRS are used, in line with recommendation CESR/05-178b published on November 3, Interim Report on Operations as of September 30, /15

8 In particular, Ebitda (Gross Operating Margin) is calculated, with reference to the income statement, from the operative income gross of amortizations, provisions and write-downs. Ebit, instead, matches with the operating income. Furthermore, in the same way for all intermediate periods shown, some estimates and assumptions have been made, which affect economic values and assets. In the future, if these estimates and assumptions, based on management s best evaluations, should differ from actual happenings, they will be modified in the period in which these circumstances will occur. These evaluations are inspired to the principle of fairness and take into account standard procedures, past experiences, as well as market conditions. Net financial position figures are compared with previous quarter closing figures and with last financial year figures. Values in this quarterly report are expressed in millions of Euros. Interim Report on Operations as of September 30, /15

9 5. BUSINESS PERFORMANCE ECONOMIC FIGURES 1 / 1-30 / yoy (Amounts in millions of Euros) 1 / 7-30 / yoy Net revenues % % Other revenues and income Total revenues % % Raw materials, consumables and goods % % Services % % Personnel % % Other overhead costs % % Production costs % % Gross operating result (EBITDA) % % % on net revenues 12.2% 12.8% 12.6% 15.0% Operating result (EBIT) 54.6(*) % 21.4(*) % % on net revenues 9.3% 6.6% 11.0% 0.5% Result before taxes (EBT) 55.5(*) % 22.2(*) % % on net revenues 9.4% 8.8% 11.4% 7.5% (*) Ricalculated accordingly to IFRS 3 - Corporate aggregation following the definitive allocation of fair value of MHT acquired assets/liabilities In comparison with the same period in 2014, the consolidated income statement of the third quarter 2015 is characterized by a substantial solidity in revenues, with a significant increase of the operating profitability levels for the period: Total revenues registered an amount of mn, +1.0% yoy; Gross operating result (EBITDA) in the quarter grew by 19.8% ( +4.9 mn vs. third quarter 2014). The same considerations should be made comparing the results of the first nine months of the current year with previous year: Revenues reached mn, +2.3% on mn of the same period of previous year; Gross operating result (EBITDA) came in at 77.0 mn vs mn (+7.4%); Interim Report on Operations as of September 30, /15

10 Operating result (EBIT), decreasing the in nine month period at 39.6 mn vs. 54.6, is influenced by an extraordinary provision, as further explained on paragraph 11. Net financial position registered mn vs mn registered as of September 30, 2014 and mn at the end of December As of September 30, 2015 Group s headcount registered 7,892 units, with a growth of 502 resources vs. 7,390 units at the close of 2014, and 589 resources vs units of the same period of previous year. 6. NET FINANCIAL POSITION As of 30 September, 2015 the net financial position is positive at 81.2 mn compared to 36.6 mn of the same period 2014 and to mn registered at the end of (Amounts in millions of Euros) NET FINANCIAL POSITION 30 / 09 / / 12 / / 09 / 2015 Non current financial liabilities (45.6) (46.6) (33.3) Liquid cash Current financial liabilities (44.4) (22.6) (32.4) TOTAL NET FINANCIAL POSITION This result is substantially in line with the close of previous quarter ( mn as of June 30, 2015), thanks to the balancing of cash flows (in and out) of the period. Interim Report on Operations as of September 30, /15

11 7. SIGNIFICANT EVENTS DURING THE QUARTER Main events: On July 9, 2015 the subsidiary company Engineering International Belgium has established in Luxembourg - holding a 100% stake of the company s share capital - the company called Engineering Luxembourg S.à.r.l. On August 5, 2015 the Board of Directors of Engineering Ingegneria Informatica S.p.A. changed the composition of the Supervisory Board directors, appointing with immediate effect: - Roberto Fiore (Chairman) - Spartaco Pichi (Member) - Amilcare Cazzato (Member). 8. SIGNIFICANT EVENTS AFTER THE CLOSE OF QUARTER No significant events occurred after the close of the quarter. 9. INFRAGROUP OPERATIONS Pursuant to Consob recommendation no of February 20, 1997 this is to certify that operations within the Group took place at normal market conditions and there were no atypical operations and operations with related parties. It should be noted that relations among Engineering Group companies consist mainly of the supply of services required in customer projects, generating shared revenues/costs for 48.5 mn. Interim Report on Operations as of September 30, /15

12 10. TREASURY SHARES On April 24, 2015 the Shareholders General meeting voted in favour of a treasury share buyback plan up to a maximum of shares, within a maximum time period of 18 (eighteen) months. As of September 30, 2015 treasury shares held totalled n. 343,213 for a value of 7,998,042.69, recorded as a reserve under net equity, in accordance with IAS 32, at an average carrying value of per share. At the date of approval of the present report, the number of treasury shares held in the portfolio of the company remained the same. 11. OTHER INFORMATION All actions (included judicial proceedings) continue, aiming at recovering the credit against Sicilia e Servizi S.p.A. on behalf of the controlled company Sicilia e-servizi Venture S.c.r.l.. The continuous change of institutional parties in power made us aware of the difficulties in reaching a contractual agreement, and therefore, in the perspective of a possible judicial proceeding taking place, we added the interests envisaged by the law (about 16 mn) to the amount recorded in the financial statements (approximately 106 mn), recording them in the income statement among financial proceeds and also allocating a prudential provision of 20% in the reserve account for bad debts (equal to 24 mn). Interim Report on Operations as of September 30, /15

13 12. OUTLOOK Economic and financial figures of the first nine months of the year are beyond our estimates for this period and allow us to confirm year-end estimates already announced in the last half-yearly report: total revenues between 850 and 870 mn and Ebitda tra 104 mn and 106 mn. As it occurred in the past, also for the year 2015, we will propose - in occasion of the next General Shareholders meeting of Engineering Ingegneria Informatica S.p.A. the distribution of a portion of yearly profits to employees, accordingly to criteria bound to the achievement of precise business goals. We feel confident that this allocation will be approved by the Shareholders General meeting. As provided by IAS 19, these costs - up to about 8.5 mn - will be recorded, at the end of the current year, among personnel costs. Interim Report on Operations as of September 30, /15

14 13. CERTIFICATION IN COMPLIANCE WITH ART BIS PARAGRAPH 2 D. LGS. N. 58/1998 CERTIFICATION IN COMPLIANCE WITH ART BIS, PARAGRAPH 2, LGS. DECREE N. 58/1998 DATED FEBRUARY 24, 1998 AND SUBSEQUENT INTEGRATIONS SUBJECT: Third Quarter Report, as of September 30, 2015 The undersigned Armando Iorio, in the position of Manager assigned to preparing accounting documents of Engineering Ingegneria Informatica S.p.A., certifies that the economic and financial figures shown on this quarterly report as of September 30, 2015 correspond to the results of accounting records, as provided by art. 154 bis, paragraph 2, Lgs. Decree n 58/1998. Rome, November 13, 2015 The Executive Responsibile for the preparation of corporate accounting documents Armando Iorio Interim Report on Operations as of September 30, /15

15 ENGINEERING GROUP ECONOMIC FIGURES 1 / 1-30 / yoy (Amounts in millions of Euros) 1 / 7-30 / yoy Net revenues % % Other revenues and income Total revenues % % Raw materials, consumables and goods % % Services % % Personnel % % Other overhead costs % % Production costs % % Gross operating result (EBITDA) % % % on net revenues 12.2% 12.8% 12.6% 15.0% Operating result (EBIT) 54.6(*) % 21.4(*) % % on net revenues 9.3% 6.6% 11.0% 0.5% Result before taxes (EBT) 55.5(*) % 22.2(*) % % on net revenues 9.4% 8.8% 11.4% 7.5% (*) Ricalculated accordingly to IFRS 3 - Corporate aggregation following the definitive allocation of fair value of MHT acquired assets/liabilities (Amounts in millions of Euros) NET FINANCIAL POSITION 30 / 09 / / 12 / / 09 / 2015 Non current financial liabilities (45.6) (46.6) (33.3) Liquid cash Current financial liabilities (44.4) (22.6) (32.4) TOTAL NET FINANCIAL POSITION Interim Report on Operations as of September 30, /15

BOARD OF DIRECTORS REPORT ON MANAGEMENT PERFORMANCE OF THE ENGINEERING GROUP

BOARD OF DIRECTORS REPORT ON MANAGEMENT PERFORMANCE OF THE ENGINEERING GROUP ENGINEERING INGEGNERIA INFORMATICA SpA ROME, Via San Martino della Battaglia, 56 THE UNDERSIGNED AND FULLY PAID UP SHARE CAPITAL IS EQUAL TO 31,875,000 TRADE REGISTER NO. 00967720285 ROME CHAMBERS OF COMMERCE

More information

COMMENTS RELATIVE TO THE FORTH QUARTER OF THE YEAR 2006 BOARD OF DIRECTOR'S REPORT ON MANAGEMENT PERFORMANCE OF THE ENGINEERING GROUP

COMMENTS RELATIVE TO THE FORTH QUARTER OF THE YEAR 2006 BOARD OF DIRECTOR'S REPORT ON MANAGEMENT PERFORMANCE OF THE ENGINEERING GROUP ENGINEERING INGEGNERIA INFORMATICA SpA. ROME, Via San Martino della Battaglia, 56 THE UNDERSIGNED AND FULLY PAID UP SHARE CAPITAL IS EQUAL TO 31,875,000 TRADE REGISTER NO. 00967720285 ROME CHAMBERS OF

More information

Cembre (a STAR listed company): approved a distribution of a 0.26 dividend per share

Cembre (a STAR listed company): approved a distribution of a 0.26 dividend per share Joint-stock Company Main Office: Via Serenissima, 9 25135 Brescia VAT no: 00541390175 Share Capital: 8,840,000 fully paid up Registration no: 00541390175 tel.: +39 0303692.1 fax: +39 0303365766 Press release

More information

DEA CAPITAL SHAREHOLDERS MEETING

DEA CAPITAL SHAREHOLDERS MEETING PRESS RELEASE DEA CAPITAL SHAREHOLDERS MEETING The Shareholders meeting: approves the financial statements for the year ending 31 December 2011 and reviews the consolidated financial statements of DeA

More information

THE BOARD OF DIRECTORS APPROVES THE HALF-YEARLY REPORT AT 3O JUNE 2007: CONSOLIDATED NET INCOME: 9.1 MILLION ( 16.1 MILLION IN FIRST HALF 2006)

THE BOARD OF DIRECTORS APPROVES THE HALF-YEARLY REPORT AT 3O JUNE 2007: CONSOLIDATED NET INCOME: 9.1 MILLION ( 16.1 MILLION IN FIRST HALF 2006) CAMFIN s.p.a. PRESS RELEASE THE BOARD OF DIRECTORS APPROVES THE HALF-YEARLY REPORT AT 3O JUNE 2007: CONSOLIDATED NET INCOME: 9.1 MILLION ( 16.1 MILLION IN FIRST HALF 2006) NET INCOME FROM INVESTMENTS:

More information

THE BOARD OF DIRECTORS APPROVES THE FIRST HALF 2015 FINANCIAL REPORT

THE BOARD OF DIRECTORS APPROVES THE FIRST HALF 2015 FINANCIAL REPORT THE BOARD OF DIRECTORS APPROVES THE FIRST HALF 2015 FINANCIAL REPORT REVENUES: EQUAL TO EUR 73.6 MILLION, 7.8% MORE THAN THE SAME PERIOD OF THE PREVIOUS YEAR (68.3 MILLION) EBITDA: EQUAL TO EUR 6.9 MILLION,

More information

2014 Consolidated Financial Statements and Draft Financial Statements of the Parent Company

2014 Consolidated Financial Statements and Draft Financial Statements of the Parent Company 2014 Consolidated Financial Statements and Draft Financial Statements of the Parent Company Convening of the Annual Shareholders Meeting Consolidated financial statements: net profit 1.29 billion; Separate

More information

Italy Accounting. 1.1 Requirement to produce financial statements. Requirement to maintain the books and records in the local jurisdiction

Italy Accounting. 1.1 Requirement to produce financial statements. Requirement to maintain the books and records in the local jurisdiction Italy Accounting FUNDS AND FUND MANAGEMENT 2010 1.1 Requirement to produce financial statements Requirement to maintain the books and records in the local jurisdiction Italian law requires that fund management

More information

Explanatory Memorandum

Explanatory Memorandum Explanatory Memorandum Authorisation for the purchase and disposal of treasury shares, pursuant to the combined provisions of Articles 2357 and 2357-ter of the Civil Code, and Article 132 of Legislative

More information

Revenues: 11,507 million EBIT: -452 million Net result: -806 million

Revenues: 11,507 million EBIT: -452 million Net result: -806 million Saipem: approval of the 2015 Consolidated and draft Statutory Financial Statements, confirming preliminary consolidated results Convening of the General Shareholders Meeting Revenues: 11,507 million EBIT:

More information

BOARD OF DIRECTORS ROLE, ORGANISATION AND METHODS OF OPERATION

BOARD OF DIRECTORS ROLE, ORGANISATION AND METHODS OF OPERATION BOARD OF DIRECTORS ROLE, ORGANISATION AND METHODS OF OPERATION Section 1 The Board of Directors The Company is managed by a Board of Directors with no less than seven and no more than thirteen members.

More information

Salvatore Ferragamo S.p.A.

Salvatore Ferragamo S.p.A. PRESS RELEASE Salvatore Ferragamo S.p.A. The Board of Directors approved the non-audited draft Company Statutory Financial Statements and the Consolidated Financial Statements for the Year 2014 Another

More information

PRESS RELEASE. NOEMALIFE: The Board of Directors approved the Draft Financial Statements for the year ended as at 31 December 2012.

PRESS RELEASE. NOEMALIFE: The Board of Directors approved the Draft Financial Statements for the year ended as at 31 December 2012. PRESS RELEASE NOEMALIFE: The Board of Directors approved the Draft Financial Statements for the year ended as at 31 December 2012. Consolidated operating revenues of EUR 67.5 million, +39% over 2011. EBITDA*

More information

PARENT COMPANY NET INCOME: 30.3 MILLION ( 7.6 MILLION IN 2005)

PARENT COMPANY NET INCOME: 30.3 MILLION ( 7.6 MILLION IN 2005) CAMFIN s.p.a. PRESS RELEASE THE BOARD OF DIRECTORS APPROVES THE QUARTERLY REPORT AT 30 SEPTEMEBR 2006: PARENT COMPANY NET INCOME: 30.3 MILLION ( 7.6 MILLION IN 2005) CONSOLIDATED NET INCOME REFLECTS ASSOCIATE

More information

PRESS RELEASE THE BOARD OF DIRECTORS OF CAMFIN SPA APPROVES FINANCIAL STATEMENTS AS OF 30 JUNE 2010:

PRESS RELEASE THE BOARD OF DIRECTORS OF CAMFIN SPA APPROVES FINANCIAL STATEMENTS AS OF 30 JUNE 2010: CAMFIN PRESS RELEASE THE BOARD OF DIRECTORS OF CAMFIN SPA APPROVES FINANCIAL STATEMENTS AS OF 30 JUNE 2010: CONSOLIDATED NET INCOME 1.6 MILLION EUROS (22.7 MILLION EUROS IN THE FIRST HALF OF 2009 THANKS

More information

Law on Finance and in compliance with the provisions of Article 6 of the Corporate Governance Code. We monitored the compliance and effective

Law on Finance and in compliance with the provisions of Article 6 of the Corporate Governance Code. We monitored the compliance and effective Report by the Board of Statutory Auditors to Terna S.p.A. s Shareholders' Meeting Pursuant to Article 153 of Legislative Decree No. 58 of 24 February 1998 (Consolidated Law on Finance) Dear Shareholders,

More information

PRESS RELEASE. IREN Group: the Board of Directors approves the results at 30th of September 2013.

PRESS RELEASE. IREN Group: the Board of Directors approves the results at 30th of September 2013. PRESS RELEASE 1 IREN Group: the Board of Directors approves the results at 30th of September 2013. Gross Operating Profit (Ebitda) of 476.4 million euros (+14.4%) Operating Profit (Ebit) of 258.6 million

More information

REPORT OF THE BOARD OF DIRECTORS TO THE EXTRAORDINARY GENERAL MEETING OF APRIL 23, 2013:

REPORT OF THE BOARD OF DIRECTORS TO THE EXTRAORDINARY GENERAL MEETING OF APRIL 23, 2013: REPORT OF THE BOARD OF DIRECTORS TO THE EXTRAORDINARY GENERAL MEETING OF APRIL 23, 2013: Amendments to articles 9, 10, 11 and 12 (General Meetings), 17 and 23 (Board of Directors), and 27 (Board of Statutory

More information

FIRST SECTION OF THE REMUNERATION REPORT

FIRST SECTION OF THE REMUNERATION REPORT SAES Getters S.p.A. FIRST SECTION OF THE REMUNERATION REPORT Pursuant to article 123-ter, paragraph 3, of Legislative Decree no. 58/1998 and article 84-quater and related Annex 3A, Schedule 7-bis section

More information

DIRECTORS REPORT ON THE PROPOSALS ON THE AGENDA OF THE ORDINARY GENERAL MEETING OF THE SHAREHOLDERS (15 th April 2015 SINGLE CALL)

DIRECTORS REPORT ON THE PROPOSALS ON THE AGENDA OF THE ORDINARY GENERAL MEETING OF THE SHAREHOLDERS (15 th April 2015 SINGLE CALL) DIRECTORS REPORT ON THE PROPOSALS ON THE AGENDA OF THE ORDINARY GENERAL MEETING OF THE SHAREHOLDERS (15 th April 2015 SINGLE CALL) Report on item 3 on the agenda and the relative resolution submitted Proposal

More information

LOTTOMATICA GROUP ANNOUNCES RESULTS FOR THE THIRD-QUARTER AND NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2011

LOTTOMATICA GROUP ANNOUNCES RESULTS FOR THE THIRD-QUARTER AND NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2011 PRESS RELEASE LOTTOMATICA GROUP ANNOUNCES RESULTS FOR THE THIRD-QUARTER AND NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2011 Consolidated Financial and Business Highlights Continued quarterly Revenue growth

More information

ATLANTIA S.P.A. BOARD OF DIRECTORS REPORT CONCERNING ITEM 3 ON THE AGENDA OF

ATLANTIA S.P.A. BOARD OF DIRECTORS REPORT CONCERNING ITEM 3 ON THE AGENDA OF ATLANTIA S.P.A. BOARD OF DIRECTORS REPORT CONCERNING ITEM 3 ON THE AGENDA OF THE ORDINARY GENERAL MEETING TO BE HELD ON 23 APRIL 2015, ON FIRST CALL AND ON 24 APRIL 2015, ON SECOND CALL: AUTHORISATION,

More information

no. 842 IT00053810149 the 2014 satisfactory results. premiumm 8.10%. Within the is 61.14%

no. 842 IT00053810149 the 2014 satisfactory results. premiumm 8.10%. Within the is 61.14% Società cooperativa per azioni Establishedd 1871 Head office: I - 231000 Sondrio SO - Piazza Garibaldi 16 Sondrio Company Register no. 00053810149 Official l List of Banks no. 842 Parent Bank of Banca

More information

The Board of Directors approved Tod s Group Q1 2015 Interim Report

The Board of Directors approved Tod s Group Q1 2015 Interim Report Milan - May 13 th, 2015 TOD S S.p.A.: Sales growth: 1,5% in the first quarter of 2015 The Board of Directors approved Tod s Group Q1 2015 Interim Report Group s sales: 257.7 million Euros, +1.5% from Q1

More information

Interim Management Report. for the Bolzoni Group

Interim Management Report. for the Bolzoni Group Interim Management Report for the Bolzoni Group at 31 March 2011 1 INDEX Corporate offices pg. 3 Group activity pg. 5 Group structure pg. 6 Comments of the Directors on the Company s performance pg. 7

More information

PRESS RELEASE. IFIL s Board of Directors Approves Consolidated Results to September 30, 2008

PRESS RELEASE. IFIL s Board of Directors Approves Consolidated Results to September 30, 2008 Turin, November 14, 2008 PRESS RELEASE IFIL s Board of Directors Approves Consolidated Results to September 30, 2008 Highlights of results in millions Criteria used in preparing data indicated in attached

More information

Pirelli & C. S.p.A. Reports to the Shareholders Meeting. Purchase and disposal of treasury shares. Related and consequent resolutions.

Pirelli & C. S.p.A. Reports to the Shareholders Meeting. Purchase and disposal of treasury shares. Related and consequent resolutions. Pirelli & C. S.p.A. Reports to the Shareholders Meeting Purchase and disposal of treasury shares. Related and consequent resolutions. (Approved by the Board of Directors on March 31, 2015) Dear Shareholders,

More information

GRUPPO MUTUIONLINE S.P.A.: SHAREHOLDERS APPROVE 2015 SEPARATE FINANCIAL STATEMENTS; SHAREHOLDERS APPROVE DIVIDEND OF EURO 0

GRUPPO MUTUIONLINE S.P.A.: SHAREHOLDERS APPROVE 2015 SEPARATE FINANCIAL STATEMENTS; SHAREHOLDERS APPROVE DIVIDEND OF EURO 0 Milano, 22 April 2016 The information contained herein is not for publication or distribution in the United States. These materials are not an offer of securities for sale in the United States. The securities

More information

Class Editori S.p.A. and subsidiaries Registered office, Via Marco Burigozzo 5, Milan. Interim Report on Operations 31st March, 2009

Class Editori S.p.A. and subsidiaries Registered office, Via Marco Burigozzo 5, Milan. Interim Report on Operations 31st March, 2009 Class Editori S.p.A. and subsidiaries Registered office, Via Marco Burigozzo 5, Milan Interim Report on Operations 31st March, 2009 The interim Report on Operations was drawn up on a consolidated basis,

More information

Centrale del Latte di Torino & C. S.p.A. - CLT Group Via Filadelfia 220 10137 Turin - Italy Tel. +39 011 3240200 - Fax +39 011 3240300 e-mail: posta

Centrale del Latte di Torino & C. S.p.A. - CLT Group Via Filadelfia 220 10137 Turin - Italy Tel. +39 011 3240200 - Fax +39 011 3240300 e-mail: posta Centrale del Latte di Torino & C. S.p.A. - CLT Group Via Filadelfia 220 10137 Turin - Italy Tel. +39 011 3240200 - Fax +39 011 3240300 e-mail: posta @centralelatte.torino.it www.centralelatte.torino.it

More information

Longarone, September 12th 2005. Press Release

Longarone, September 12th 2005. Press Release Longarone, September 12th 2005 Press Release Marcolin approves first-half report as at June 30th 2005. Sales and margins tangibly down due to non-renewal of the Dolce & Gabbana contract. Investments started

More information

INFORMATION DOCUMENT PERTAINING TO COMPENSATION PLANS BASED ON FINANCIAL INSTRUMENTS

INFORMATION DOCUMENT PERTAINING TO COMPENSATION PLANS BASED ON FINANCIAL INSTRUMENTS S.p.A. INFORMATION DOCUMENT PERTAINING TO COMPENSATION PLANS BASED ON FINANCIAL INSTRUMENTS (2016 Plan) (pursuant to Article 114 Bis of the CFA and Article 84 Bis of the Consob Issuers Regulations) Document

More information

Class Editori S.p.A. Via M. Burigozzo, 5 20122 Milano Sito Internet: www.classeditori.it Cap. Sociale 10.391.138,50 Euro R.E.A. 1205471 Cod.

Class Editori S.p.A. Via M. Burigozzo, 5 20122 Milano Sito Internet: www.classeditori.it Cap. Sociale 10.391.138,50 Euro R.E.A. 1205471 Cod. Class Editori S.p.A. Via M. Burigozzo, 5 20122 Milano Sito Internet: www.classeditori.it Cap. Sociale 10.391.138,50 Euro R.E.A. 1205471 Cod. Fiscale e P.IVA 08114020152 Class Editori S.p.A. and subsidiaries

More information

Disclosure document on the Long-Term Incentive Plan for the management of the Finmeccanica Group

Disclosure document on the Long-Term Incentive Plan for the management of the Finmeccanica Group Disclosure document on the Long-Term Incentive Plan for the management of the Finmeccanica Group Pursuant to Article 84-bis of Consob s Issuers Regulation approved with resolution no. 11971 of 14 May 1999,

More information

PRESS RELEASE 2013 RESULTS APPROVED ITALIA INDEPENDENT GROUP CONTINUES TO GROW

PRESS RELEASE 2013 RESULTS APPROVED ITALIA INDEPENDENT GROUP CONTINUES TO GROW PRESS RELEASE 2013 RESULTS APPROVED ITALIA INDEPENDENT GROUP CONTINUES TO GROW - Net revenue + 59.1%, equal to 24.9 million euro (15.7 million euro for the year ended 31 December 2012) - Gross margin +

More information

1stH 2014 CONSOLIDATED RESULTS

1stH 2014 CONSOLIDATED RESULTS Gruppo 1stH 2014 CONSOLIDATED RESULTS Conference Call 1 Contents Financial highlights Ascopiave Group structure as of June, 30th 2014 Application of IFRS 11 international accounting standard 1stH 2013

More information

PRICE SENSITIVE PRESS RELEASE IN COMPLIANCE WITH THE FINANCE ACT AND CONSOB REGULATIONS

PRICE SENSITIVE PRESS RELEASE IN COMPLIANCE WITH THE FINANCE ACT AND CONSOB REGULATIONS PRICE SENSITIVE PRESS RELEASE IN COMPLIANCE WITH THE FINANCE ACT AND CONSOB REGULATIONS SHAREHOLDERS MEETING OF GRUPPO EDITORIALE L'ESPRESSO S.P.A.: - Approval of 2007 Financial Statements: distribution

More information

BOARD OF DIRECTORS REPORT ON THE SYSTEM OF CORPORATE GOVERNANCE AND IL SOLE 24 ORE S.P.A. CONTENTS ! " # " $ " % "

BOARD OF DIRECTORS REPORT ON THE SYSTEM OF CORPORATE GOVERNANCE AND IL SOLE 24 ORE S.P.A. CONTENTS !  #  $  % BOARD OF DIRECTORS REPORT ON THE SYSTEM OF CORPORATE GOVERNANCE AND ADHERENCE TO THE CORPORATE GOVERNANCE CODE FOR LISTED COMPANIES IL SOLE 24 ORE S.P.A. CONTENTS! " # # # $ % % & %! " # " $ " % " INTRODUCTION

More information

FULL NOTICE OF CALL OF THE SHAREHOLDERS MEETING OF POSTE ITALIANE 24.5.2016

FULL NOTICE OF CALL OF THE SHAREHOLDERS MEETING OF POSTE ITALIANE 24.5.2016 Poste Italiane S.p.A. Registered Office in Rome Viale Europa, n. 190 Share Capital 1,306,110,000.00 fully paid in Taxpayer Identification and Rome Company Register n. 97103880585 R.E.A. of Rome n. 842633

More information

INFORMATION DOCUMENT ABOUT TRANSACTIONS OF GREATER IMPORTANCE WITH RELATED PARTIES

INFORMATION DOCUMENT ABOUT TRANSACTIONS OF GREATER IMPORTANCE WITH RELATED PARTIES Corporation with registered office in Via Terraglio 63, 30174 Mestre, Venice Tax code and Company Registration no. Venice 02505630109 VAT registration no. 02992620274 REA number: VE - 0247118 Share Capital

More information

Overview of the key figures for the first half of the year

Overview of the key figures for the first half of the year Half-Year Report 2015 Q2 Revenues increase in the first half of the year by 23% EBIT increased by 1.5 million euros compared to the previous year Order book is growing Overall annual forecast remains unchanged

More information

PRESS RELEASE. Board of Directors approves results as of December 31 2014

PRESS RELEASE. Board of Directors approves results as of December 31 2014 PRESS RELEASE Board of Directors approves results as of December 31 2014 SOGEFI (CIR GROUP): REVENUES AT OVER 1.3 BLN (+1.1%; +4.7% AT SAME EXCHANGE RATES), NET INCOME AT 3.6 MLN MARGINS LOWER BECAUSE

More information

Salini Costruttori S.p.A. Report of the Board of Statutory Auditors on the Financial Statements as at

Salini Costruttori S.p.A. Report of the Board of Statutory Auditors on the Financial Statements as at Salini Costruttori S.p.A. Report of the Board of Statutory Auditors on the Financial Statements as at 31 December 2011 pursuant to Article 2429 of the Italian Civil Code Dear Shareholders, During the year

More information

Regulated information

Regulated information Regulated information JENSEN-GROUP Half Year Results 2012 1 Consolidated, not audited key figures: Income Statement 30/06/2012-30/06/2011 Non-audited, consolidated key figures (million euro) June 30, 2012

More information

KLÖCKNER & CO GROUP FIGURES 2 INTERIM GROUP MANAGEMENT REPORT 3 KLÖCKNER & CO SHARE 20 CONSOLIDATED STATEMENT OF INCOME FOR THE SIX-MONTH PERIOD

KLÖCKNER & CO GROUP FIGURES 2 INTERIM GROUP MANAGEMENT REPORT 3 KLÖCKNER & CO SHARE 20 CONSOLIDATED STATEMENT OF INCOME FOR THE SIX-MONTH PERIOD KLÖCKNER & CO GROUP FIGURES 2 INTERIM GROUP MANAGEMENT REPORT 3 KLÖCKNER & CO SHARE 20 CONSOLIDATED STATEMENT OF INCOME FOR THE SIX-MONTH PERIOD ENDING JUNE 30, 2015 22 STATEMENT OF COMPREHENSIVE INCOME

More information

Unione di Banche Italiane S.p.A. (formerly Unione di Banche Italiane S.c.p.a.)

Unione di Banche Italiane S.p.A. (formerly Unione di Banche Italiane S.c.p.a.) SECOND SUPPLEMENT DATED 19 OCTOBER 2015 TO THE BASE PROSPECTUS DATED 30 JULY 2015 Unione di Banche Italiane S.p.A. (formerly Unione di Banche Italiane S.c.p.a.) (incorporated as a joint stock company in

More information

Tiscali: preliminary non-binding letter of intent with Aria S.p.A. and the 2014 draft financial statements

Tiscali: preliminary non-binding letter of intent with Aria S.p.A. and the 2014 draft financial statements Tiscali: preliminary non-binding letter of intent with Aria S.p.A. and the 2014 draft financial statements Cagliari, 20 March 2015 s Board of Directors meeting today has: 1. Signed a preliminary non-binding

More information

Ordina does not have a one-tier board. In view of the above, a limited number of the Code s best practices do not apply.

Ordina does not have a one-tier board. In view of the above, a limited number of the Code s best practices do not apply. CORPORATE GOVERNANCE STATEMENT This is a statement regarding corporate governance as meant in article 2a of the decree on additional requirements for annual reports (Vaststellingsbesluit nadere voorschriften

More information

Press release Regulated information

Press release Regulated information Press release Regulated information 26 February 2010 Annual results 2009 Press Katelijn Bohez T +32 56 23 05 71 Investor Relations Jacques Anckaert T +32 56 23 05 72 www.bekaert.com www.bekaert.mobi Bekaert

More information

EUTELSAT COMMUNICATIONS. Société anonyme with a share capital of 226,972,338 Euros Registered Office: 70 rue Balard, 75015 Paris 481 043 040 RCS Paris

EUTELSAT COMMUNICATIONS. Société anonyme with a share capital of 226,972,338 Euros Registered Office: 70 rue Balard, 75015 Paris 481 043 040 RCS Paris EUTELSAT COMMUNICATIONS Société anonyme with a share capital of 226,972,338 Euros Registered Office: 70 rue Balard, 75015 Paris 481 043 040 RCS Paris ORDINARY AND EXTRAORDINARY SHAREHOLDERS MEETING OF

More information

FINANCIAL STATEMENTS AT 31 DECEMBER 2006

FINANCIAL STATEMENTS AT 31 DECEMBER 2006 FINANCIAL STATEMENTS AT 31 DECEMBER 2006 December 31, 2006 1 DeA Capital SpA Registered Office: Via Borgonuovo, 24, 20121 Milan, Italy Share capital: 102,158,200 (fully paid in) Tax code, VAT code and

More information

PARMALAT INTERNAL DEALING CODE OF CONDUCT

PARMALAT INTERNAL DEALING CODE OF CONDUCT PARMALAT INTERNAL DEALING CODE OF CONDUCT CONTENTS 1. Foreword 2. Definitions 3. Disclosures Required of Significant Parties 4. Reporting of Transactions to the Consob and the Market by the Compliance

More information

TO OUR SHAREHOLDERS PROFITABLE GROWTH COURSE INTERNATIONALIZATION FURTHER EXTENDED US MARKET IN FOCUS

TO OUR SHAREHOLDERS PROFITABLE GROWTH COURSE INTERNATIONALIZATION FURTHER EXTENDED US MARKET IN FOCUS QUARTERLY STATEMENT AS OF MARCH 31, 2015 TO OUR SHAREHOLDERS Patrik Heider, Spokesman of the Executive Board and CFOO The Nemetschek Group has made a dynamic start in the 2015 financial year and continues

More information

The 2012 Copyright and Exchange Rate

The 2012 Copyright and Exchange Rate Benetton Group Board of Directors approves the 2012 first quarter results Revenue and income down, in line with expectations Revenues 428 million, -5.5% against first quarter 2011 Gross operating profit

More information

Class Editori S.p.A. and subsidiaries Registered office, Via Marco Burigozzo 5, Milan. Interim Report on Operations 30th September, 2008

Class Editori S.p.A. and subsidiaries Registered office, Via Marco Burigozzo 5, Milan. Interim Report on Operations 30th September, 2008 Class Editori S.p.A. and subsidiaries Registered office, Via Marco Burigozzo 5, Milan Interim Report on Operations 30th September, 2008 The interim Report on Operations was drawn up on a consolidated basis,

More information

STADA Interim Report on the First Nine Months

STADA Interim Report on the First Nine Months STADA Interim Report on the First Nine Months STADA Interim Report on the First Nine Months of 2010 STADA KEY FIGURES Key figures for the Group in million 1/1 9/30/2010 1/1 9/30/2009 ± % Group sales 1,177.8

More information

SORIN GROUP ANNOUNCES FINAL FINANCIAL RESULTS FOR 2014

SORIN GROUP ANNOUNCES FINAL FINANCIAL RESULTS FOR 2014 Press Release SORIN GROUP ANNOUNCES FINAL FINANCIAL RESULTS FOR 2014 Consolidated results for 2014: Revenues were 746.9 million, up 3.4% 1 compared to 2013; Adjusted net profit 2 was 55.1 million compared

More information

FY 2014-2015 press release

FY 2014-2015 press release FY 2014-2015 press release (Results for the year ended 31 March 2015) Press release May 29, 2015 Huizingen, Belgium Under embargo until May 29, 2015 1,8 year-over-year turnover growth resulting from 9,6

More information

Gruppo MutuiOnline First Half 2011 Results. 11 th August 2011

Gruppo MutuiOnline First Half 2011 Results. 11 th August 2011 Gruppo MutuiOnline First Half 211 Results 11 th August 211 Disclaimer Certain statements contained herein are statements of future expectations and other forward-looking statements. These expectations

More information

International Financial Reporting Standard 8 Operating Segments

International Financial Reporting Standard 8 Operating Segments EC staff consolidated version as of 21 June 2012, EN EU IFRS 8 FOR INFORMATION PURPOSES ONLY International Financial Reporting Standard 8 Operating Segments Core principle 1 An entity shall disclose information

More information

Interim management statement as at 30 September 2010

Interim management statement as at 30 September 2010 Esprinet Group Interim management statement as at 30 September Approved by the Board of Directors on 11 November This interim financial report has been translated into the English language from the original,

More information

REMUNERATION REPORT in compliance with articles 123 - ter of the Consolidated Financial Act and 84 ter of the Issuers Regulations

REMUNERATION REPORT in compliance with articles 123 - ter of the Consolidated Financial Act and 84 ter of the Issuers Regulations REMUNERATION REPORT in compliance with articles 123 - ter of the Consolidated Financial Act and 84 ter of the Issuers Regulations Report Approval Date: 13 March 2015 Year to which the Report refers: 2014

More information

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS ATTACHMENTS TO THE PRESS RELEASE The consolidated Income Statements, consolidated Statements of Financial Position and the Consolidated Statements of Cash Flows as well as the Net Financial Debt of INWIT,

More information

PRESS RELEASE. Telecom Italia Media: The Board of Directors Approves the Group Interim Financial Report at 30 September 2013

PRESS RELEASE. Telecom Italia Media: The Board of Directors Approves the Group Interim Financial Report at 30 September 2013 PRESS RELEASE This press release contains a number of alternative performance indicators not contemplated under IFRS (EBITDA, EBIT, Net Financial Debt). Definitions of these terms are provided in an attachment.

More information

Moleskine S.p.A. Remuneration Report. of Legislative Decree no. 58/1998, as subsequently amended, and with Article 84-quater

Moleskine S.p.A. Remuneration Report. of Legislative Decree no. 58/1998, as subsequently amended, and with Article 84-quater Moleskine S.p.A. Remuneration Report drafted in accordance with Article 123-ter of Legislative Decree no. 58/1998, as subsequently amended, and with Article 84-quater of Consob Regulation 11971/1999, as

More information

LOTTOMATICA GROUP S.p.A.

LOTTOMATICA GROUP S.p.A. LOTTOMATICA GROUP S.p.A. INFORMATIONAL MEMORANDUM RELATING TO THE 2012-2016 STOCK ALLOCATION PLAN, PREPARED PURSUANT TO ARTICLE 84-BIS OF THE CONSOB RULES UNDER RESOLUTION NO. 11971 OF 14 MAY 1999, AS

More information

CONSOLIDATED INTERIM REPORT ON OPERATIONS THREE MONTHS ENDED SEPTEMBER 30, 2010 (THIRD QUARTER 2010) Prepared according to IAS/IFRS.

CONSOLIDATED INTERIM REPORT ON OPERATIONS THREE MONTHS ENDED SEPTEMBER 30, 2010 (THIRD QUARTER 2010) Prepared according to IAS/IFRS. CONSOLIDATED INTERIM REPORT ON OPERATIONS THREE MONTHS ENDED SEPTEMBER 30, (THIRD QUARTER ) Prepared according to IAS/IFRS Unaudited Gruppo MutuiOnline S.p.A. (in breve Gruppo MOL S.p.A. o MOL Holding

More information

UNIPOLSAI ASSICURAZIONI S.p.A. Ordinary and Extraordinary Meeting of 27 April 2016 Proxy form and Voting instructions to Computershare S.p.A.

UNIPOLSAI ASSICURAZIONI S.p.A. Ordinary and Extraordinary Meeting of 27 April 2016 Proxy form and Voting instructions to Computershare S.p.A. Computershare S.p.A., through its employee or duly entrusted staff member, acting as Appointed Representative of UNIPOLSAI ASSICURAZIONI S.p.A. (the Company) pursuant to article 135-undecies of Italian

More information

CONSOLIDATED INTERIM REPORT ON OPERATIONS THREE MONTHS ENDED SEPTEMBER 30, 2011 (THIRD QUARTER 2011) Prepared according to IAS/IFRS.

CONSOLIDATED INTERIM REPORT ON OPERATIONS THREE MONTHS ENDED SEPTEMBER 30, 2011 (THIRD QUARTER 2011) Prepared according to IAS/IFRS. CONSOLIDATED INTERIM REPORT ON OPERATIONS THREE MONTHS ENDED SEPTEMBER 30, (THIRD QUARTER ) Prepared according to IAS/IFRS Unaudited Gruppo MutuiOnline S.p.A. (in breve Gruppo MOL S.p.A. o MOL Holding

More information

Billions of euro 2013 2015 2017 EBITDA ~16.0 ~ 16.0 17-18 Net Ordinary Income ~ 3.0 ~ 3.3 4-5

Billions of euro 2013 2015 2017 EBITDA ~16.0 ~ 16.0 17-18 Net Ordinary Income ~ 3.0 ~ 3.3 4-5 Disclosures supplementing the Annual Report for the year ended December 31, 2012 requested by CONSOB pursuant to the provisions of Article 114, paragraph 5, of Legislative Decree 58 of February 24, 1998

More information

Group S H1 2008 Results and Breakdown of Loss

Group S H1 2008 Results and Breakdown of Loss Sant Elpidio a Mare August 28 th, 2008 TOD S S.p.A. Outstanding results in H1 2008: net income increased by 16.9% The Board of Directors approved the Group s H1 2008 results. At reported rates, Group s

More information

INTERIM REPORT OF THE CARRARO GROUP AS OF 30 JUNE 2004

INTERIM REPORT OF THE CARRARO GROUP AS OF 30 JUNE 2004 CARRARO S.p.A. Registered offices in Via Olmo 37, Campodarsego, Padua, Italy Share capital Euro 21,840,000 fully paid in Tax code, VAT No. and enrolment in the Padua Companies Register under No. 00202040283

More information

Appointed Representative Proxy Form pursuant to Article 135-undecies of Italian Legislative Decree 58/98. Part 1 of 2

Appointed Representative Proxy Form pursuant to Article 135-undecies of Italian Legislative Decree 58/98. Part 1 of 2 POSTE ITALIANE S.p.A. Ordinary Shareholders' Meeting to be held on May 24, 2016 in single call, at 2 p.m. in Rome, at the Sala Sinopoli of the Auditorium Parco della Musica, Viale Pietro de Coubertin,

More information

Conference Call on 1H 2007 Results 10 September 2007

Conference Call on 1H 2007 Results 10 September 2007 Conference Call on 1H 2007 Results 10 September 2007 Index Actual June 2007 1. PRE Consolidated Income Statement 2. PRE Net Financial Position 3. PRE Consolidated Balance Sheet 4. PRE Consolidated Net

More information

PRICE SENSITIVE PRESS RELEASE IN COMPLIANCE WITH THE FINANCE ACT AND CONSOB REGULATIONS

PRICE SENSITIVE PRESS RELEASE IN COMPLIANCE WITH THE FINANCE ACT AND CONSOB REGULATIONS PRICE SENSITIVE PRESS RELEASE IN COMPLIANCE WITH THE FINANCE ACT AND CONSOB REGULATIONS Shareholders Meeting of Gruppo Editoriale L Espresso S.p.A.: Approval of 2009 Consolidated Financial Statements Renewal

More information

Consolidated Quarterly Report as of March 31 st, 2007

Consolidated Quarterly Report as of March 31 st, 2007 Consolidated Quarterly Report as of March 31 st, 2007 GENERAL INFORMATION GENERAL INFORMATION... 3 SIGNIFICANT EVENTS IN THE FIRST QUARTER OF 2007... 5 SUMMARY OF RESULTS... 6 PROFIT AND LOSS ACCOUNT...

More information

Name of the Issuer: UniCredit S.p.A. Website: www.unicreditgroup.eu

Name of the Issuer: UniCredit S.p.A. Website: www.unicreditgroup.eu APPENDIX TO REPORT ON CORPORATE GOVERNANCE AND OWNERSHIP STRUCTURES REGARDING THE APPLICATION OF CORPORATE GOVERNANCE RULES SPECIFIED IN THE CODE OF BEST PRACTICE FOR WARSAW STOCK EXCHANGE LISTED COMPANIES

More information

PRESS RELEASE ISAGRO: THE BOARD OF DIRECTORS APPROVES THE 2010 STATUTORY AND CONSOLIDATED FINANCIAL STATEMENTS & THE 2011-14 BUSINESS PLAN

PRESS RELEASE ISAGRO: THE BOARD OF DIRECTORS APPROVES THE 2010 STATUTORY AND CONSOLIDATED FINANCIAL STATEMENTS & THE 2011-14 BUSINESS PLAN PRESS RELEASE ISAGRO: THE BOARD OF DIRECTORS APPROVES THE 2010 STATUTORY AND CONSOLIDATED FINANCIAL STATEMENTS & THE 2011-14 BUSINESS PLAN 2010 consolidated figures (not subject to audit) - Revenues 133.8

More information

Linamar Hungary Nyrt.

Linamar Hungary Nyrt. Linamar Hungary Nyrt. INTERIM REPORT FOR THE FIRST NINE MONTHS ENDED SEPTEMBER 30, 2006 Linamar Hungary Nyrt. Orosháza, 5900 Csorvási út 27. 1 To the Shareholders Linamar Hungary Nyrt. Sales for the nine

More information

9M2004 Consolidated Results

9M2004 Consolidated Results 9M2004 Consolidated Results Fulvio Conti Chief Financial Officer Rome, 11 November 2004 Income statement (Euro Mn) 9M2004 9M2003 % change 3Q2004 3Q2003 % change 25,984 23,293 11.6% Revenues 9,036 7,872

More information

REPORT ON CORPORATE GOVERNANCE

REPORT ON CORPORATE GOVERNANCE REPORT ON CORPORATE GOVERNANCE (pursuant to the Corporate Governance Code for Listed Companies and Section IA.2.6 of the Instructions to the Regulations of Markets organized and run by Borsa Italiana S.p.A.)

More information

Report on Corporate Governance and Ownership Structures Report on Remuneration

Report on Corporate Governance and Ownership Structures Report on Remuneration Report on Corporate Governance and Ownership Structures Report on Remuneration Intesa Sanpaolo S.p.A. Registered office: Piazza San Carlo, 156 10121 Torino Secondary registered office: Via Monte di Pietà,

More information

INTERIM REPORT Q3 FY2015

INTERIM REPORT Q3 FY2015 REVENUE +23.2 % YOY [TO 160.4 M IN Q3 FY15 ] INTERIM REPORT Q3 FY2015 ADJUSTED EBIT +10.6 % YOY [TO 19.8 M IN Q3 FY15 ] ADJUSTED PROFIT 9.5 M [ Q3 FY14: 11.3 M ] CONTENT 01 KEY FIGURES 02 HIGHLIGHTS 03

More information

POSTE ITALIANE: BOARD OF DIRECTORS APPROVES THE RESULTS AT SEPTEMBER 30, 2015 STRONG GROWTH IN REVENUES AND OPERATING PROFIT

POSTE ITALIANE: BOARD OF DIRECTORS APPROVES THE RESULTS AT SEPTEMBER 30, 2015 STRONG GROWTH IN REVENUES AND OPERATING PROFIT POSTE ITALIANE: BOARD OF DIRECTORS APPROVES THE RESULTS AT SEPTEMBER 30, STRONG GROWTH IN REVENUES AND OPERATING PROFIT Total revenues: 23.9 billion, +6.0% ( 22.6 billion at September 30, ) Operating profit:

More information

PRESS RELEASE. Pierrel S.p.A.

PRESS RELEASE. Pierrel S.p.A. PRESS RELEASE Pierrel S.p.A. The Board of Directors approved: - the draft Financial Statement of Pierrel S.p.A. and the Consolidated Financial Statement of the Group as at 31 December 2009 Consolidated

More information

Audit Committee. Directors Report. Gary Hughes Chairman, Audit Committee. Gary Hughes Chairman, Audit Committee

Audit Committee. Directors Report. Gary Hughes Chairman, Audit Committee. Gary Hughes Chairman, Audit Committee Audit Committee Dear Shareholder, We are satisfied that the business has maintained robust risk management and internal controls, supported by strong overall governance processes, and that management have

More information

RESULTS AT SEPTEMBER 30, 2015

RESULTS AT SEPTEMBER 30, 2015 BOARD OF DIRECTORS EXAMINES CONSOLIDATED RESULTS AT SEPTEMBER 30, 2015 RESULTS AT SEPTEMBER 30, 2015 CONSOLIDATED REVENUE: 3,217.0 MILLION EURO (3,115.7 MILLION EURO AT SEPTEMBER 30, 2014) RECURRING EBITDA:

More information

FURTHER PROFIT GROWTH IN FIRST-HALF 2015

FURTHER PROFIT GROWTH IN FIRST-HALF 2015 FURTHER PROFIT GROWTH IN FIRST-HALF 2015 Net sales of 37.7bn, up +5.2% (+2.9% on an organic basis) Growth in Recurring Operating Income: 726m, +2.6% at constant rates Strong growth in adjusted net income,

More information

PRESS RELEASE THE BOARD OF DIRECTORS OF PIRELLI & C. SPA APPROVES FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2008:

PRESS RELEASE THE BOARD OF DIRECTORS OF PIRELLI & C. SPA APPROVES FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2008: PRESS RELEASE THE BOARD OF DIRECTORS OF PIRELLI & C. SPA APPROVES FINANCIAL STATEMENTS AS OF 30 SEPTEMBER 2008: IN THE FIRST NINE MONTHS OF 2008 REVENUES STABLE AND MARGINS DECLINING, AFFECTED BY DIFFICULT

More information

MAGYAR TELECOM B.V. 6 St. Andrew Street, London EC4AE United Kingdom Phone +44 20 7832 8936 Fax +44 20 7832 8950

MAGYAR TELECOM B.V. 6 St. Andrew Street, London EC4AE United Kingdom Phone +44 20 7832 8936 Fax +44 20 7832 8950 MAGYAR TELECOM B.V. 6 St. Andrew Street, London EC4AE United Kingdom Phone +44 20 7832 8936 Fax +44 20 7832 8950 FOR: MAGYAR TELECOM B.V. COMPANY CONTACT: Andrea Rába Accounting and Financial Reporting

More information

RECORDATI S.p.A. CORPORATE GOVERNANCE REPORT AND OWNERSHIP STRUCTURE FINANCIAL YEAR 2010

RECORDATI S.p.A. CORPORATE GOVERNANCE REPORT AND OWNERSHIP STRUCTURE FINANCIAL YEAR 2010 RECORDATI S.p.A. CORPORATE GOVERNANCE REPORT AND OWNERSHIP STRUCTURE FINANCIAL YEAR 2010 pursuant to article 123 bis of the Consolidated Finance Act and article 89 bis of Consob Issuers Regulations Approved

More information

Consolidated financial statements

Consolidated financial statements Summary of significant accounting policies Basis of preparation DSM s consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted

More information

2014 CONSOLIDATED FINANCIAL STATEMENTS

2014 CONSOLIDATED FINANCIAL STATEMENTS 2014 CONSOLIDATED FINANCIAL STATEMENTS 2014 CONSOLIDATED FINANCIAL STATEMENTS 2 1 Consolidated statement of income 2 2 Consolidated statement of comprehensive income 3 3 Consolidated statement of financial

More information

Interim Report. 4th quarter 2008

Interim Report. 4th quarter 2008 Interim Report 4th quarter 2008 Nordic Semiconductor ASA 4th quarter 2008 Revenue in Q4 68.9 MNOK, an increase of 40% over Q4 2007 of 49.2 MNOK. A stronger USD rated contributed NOK 14 relative to Q4 2007.

More information

Milan, 26 March 2003 - The Board of Directors of Class Editori S.p.A., chaired by

Milan, 26 March 2003 - The Board of Directors of Class Editori S.p.A., chaired by Information made available to the public pursuant to the Consob Resolution n.11971 of 14 May 1999 Contribution margin 2002: EUR 32.4 million Revenues: EUR 103.5 million Dividend: EUR 0.022 per share Milan,

More information

MONCLER S.P.A.: THE BOARD OF DIRECTORS APPROVES THE INTERIM REPORT AT 30 SEPTEMBER 2014 1 MONCLER, REVENUES UP 18% AT CONSTANT EXCHANGE RATES

MONCLER S.P.A.: THE BOARD OF DIRECTORS APPROVES THE INTERIM REPORT AT 30 SEPTEMBER 2014 1 MONCLER, REVENUES UP 18% AT CONSTANT EXCHANGE RATES MONCLER S.P.A.: THE BOARD OF DIRECTORS APPROVES THE INTERIM REPORT AT 30 SEPTEMBER 2014 1 MONCLER, REVENUES UP 18% AT CONSTANT EXCHANGE RATES Consolidated Revenues: 449.3 million euros, up 16% compared

More information

German Corporate Governance Code

German Corporate Governance Code (as amended on May 26, 2010) Government Commission German Corporate Governance Code 1. Foreword 1 This German Corporate Governance Code (the "Code") presents essential statutory regulations for the management

More information

OPINION OF THE EUROPEAN CENTRAL BANK

OPINION OF THE EUROPEAN CENTRAL BANK EN ECB-PUBLIC OPINION OF THE EUROPEAN CENTRAL BANK of 24 January 2012 on a guarantee scheme for the liabilities of Italian banks and on the exchange of lira banknotes (CON/2012/4) Introduction and legal

More information

PRESS RELEASE 2014 RESULTS APPROVED ITALIA INDEPENDENT GROUP CONTINUES TO GROW

PRESS RELEASE 2014 RESULTS APPROVED ITALIA INDEPENDENT GROUP CONTINUES TO GROW PRESS RELEASE 2014 RESULTS APPROVED ITALIA INDEPENDENT GROUP CONTINUES TO GROW - Net revenue + 32.1%, equal to 32.9 million euro (24.9 million euro for the year ended 31 December 2013) - Gross margin +

More information

Corporate Governance in the ATP Group

Corporate Governance in the ATP Group Corporate Governance in the ATP Group ATP s activities are regulated by statute. ATP is thus an independent, statutory institution, the aim of which is to administer the ATP pension scheme. Alongside the

More information