comunicato | Roma, 31 March 2017

Board approves Draft Financial Statements and Consolidated Financial Statements 2016

All parameters on the rise:

Production value at 934.6 million Euros (+ 6.5%)
EBITDA at 108.4 million Euros (+ 2.7%)
Positive net financial position at 177.7 million Euros
Net profit at 45.3 million Euros

The Board of Engineering Ingegneria Informatica S.p.A. today approved the financial statements for 2016 and the consolidated financial statements of the Group, with the latter registering net revenue up 6.7% compared with 2015 and an EBITDA equal to 108.4 million Euros.

At the end of 2016, consolidated production value reached 934.6 million Euros, compared with the 877.5 million Euros recorded the previous financial year.

At 31 December 2016, EBITDA amounted to 108.4 million Euros (+2.7% compared with 105.5 million Euross at the end of 2015).

Net profit amounted to 45.3 million Euros, substantially in line with previous year results.

At 31 December 2016, the net financial position recorded growth, including a positive amount of 177.7 million Euros compared with 144.9 million Euros positive at the end of 2015.

The Group workforce has reached 8,842 units, a significant increase compared with 8,136 units last year, mainly related to the recruitment campaign that has led to the hiring of 1,429 people with permanent contracts (866 in Italy), of whom 200 are young graduates.

"2016 was an extremely successful year, with the results accrued rewarding the Group's strategy towards new solutions that allow us to propose models of offer that are increasingly innovative and responsive to customer needs. The strengthened balance sheet allows us to continue the policy of selected acquisitions pursued so far with success," said Armando Iorio, Group CFO, "and the additional investments made on our products in all sectors will allow us to look to 2017 with optimism, forecasting a year of further growth for the Group”.