• Increase in revenues (+2%) and EBITDA (+7%)
  • EBITDA on net revenues approx. 13%
  • Net Financial Position positive for 81 million Euros (+37 million Euros as of September 30, 2014).

The Board of Directors of Engineering Ingegneria Informatica S.p.A., has examined and approved today the Interim Consolidated Report as of September 30, 2015, which confirms the Group's good performance.

EBITDA came in at 77 million Euros, +5.2 million Euros compared to 71.8 million Euros recorded in the first nine months of 2014, with EBITDA margins on net revenues of approximately 13%, increasing by about 1% yoy.

As of September 30, 2015 total revenues reached 627.1 million Euros, compared to 612.9 million Euros registered in the first nine months of previous year, growing by 2%.

EBIT registered 39.6 million Euros compared to 54.6 million Euros registered as of September 30, 2014, with a profitability percentage on net revenues of about 7%.
This decrease vs. the same period of previous year is due to provisions made during this quarter on a specific credit position.

EBT totalled 53.1 million Euros compared to 55.5 million Euros registered as of September 30, 2014. EBT includes a positive effect due to the recording of interest on a not yet cashed-in credit position.

As of September 30, 2015 the net financial position is positive at 81.2 million Euros (as of October 31, 2015 it was positive at 90 million Euros) and also improving from 36.6 million Euros as of September 30, 2014.

Group's headcount continued to grow in the third quarter, as a result of the hiring of young specialists, with total headcount going from 7,781 units as of June 30, 2015 to 7,892 units (7,303 units as of September 30, 2014).

Paolo Pandozy, Engineering's CEO, stated: 'Given these results registered in the first nine months of current year, we confirm the guidance already announced to the market on August 5, 2015: total revenues estimated between 850 million Euros and 870 million Euros and EBITDA ranging between 104 million Euros and 106 million Euros.'


The Manager responsible for preparing the Company's financial statements, Armando Iorio, declares that, pursuant to Article 154-bis, paragraph 2 of Italian Legislative Decree no. 58/1998 (Consolidated Law on Finance), the accounting information provided in this release matches the information reported on the company's documents, books and accounting records.

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