comunicato | Roma, 29 April 2016

Shareholders' meeting approved Financial Statements 2015

The Shareholders’ General Meeting of Engineering Ingegneria Informatica S.p.A., gathering today on first call, has approved the Financial Statements as at December 31, 2015 and examined the Consolidated Financial Statements.

The Shareholders’ General meeting also allocated in full as reserve the net profit for the year without deliberating the payment of dividends.

At the end of 2015, the consolidated total revenues registered an amount of 877.5 million Euros, compared to 853 million Euros registered at the end of the previous year (+3.6% net of 2014 extraordinary proceeds, amounting approximately 6 million Euros). Net revenues registered an amount of 850.9 million Euros (+4.1% yoy).

As of December 31, 2015, EBITDA came in at 105.5 million Euros (+1.6% yoy, net of 2014 extraordinary proceeds amounting approximately 6 million Euros).

Net profit reached 45.5 million Euros (+26.6% net of 2014 extraordinary proceeds).

As of December 31, 2015, net financial position showed a strong improvement, registering a positive balance of 152.9 million Euros compared to 121.4 million Euros reached at the end of 2014. This difference is due to a good cash generation coming from operations, to an improvement in proceeds time lapse especially from the Public Administration, and to a more efficient management of trade receivables.

Group headcount totalled 8,136 units, registering a significant increase compared to previous year, resulting mainly by the recruitment campaign launched in 2015 which led to the permanent hiring of 1,215 people, including 1,052 in Italy.

The manager responsible for preparing the company’s financial reports – Armando Iorio – declares pursuant to the paragraph 2 of the Article 154-bis of the Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the document results, books and accounting records.