07 November 2014 - 00:00Price sensitive

Retelit: approval of consolidated results at 30 September 2014

THE BOARD OF DIRECTORS APPROVES THE CONSOLIDATED RESULTS AT 30 SEPTEMBER 2014 The Group closes the first nine months of 2014 with the following economic and financial results: with a turnover of € 26.9 million (-6.2% compared to the same period of the previous year), EBITDA is positive at € 5.9 million (-22.1% compared to the first nine months of 2013), EBIT is negative at € -2.9 million (€ -2.4 million at 30 September 2013), and the net result presents a loss of € 1.8 million (against a loss of € 1.3 million at 30 September 2013). 2013-2017 INDUSTRIAL PLAN: Principally as a result of continuing political instability in Libya, the Board of Directors have been unable to confirm the targets in the 2013-2017 Industrial Plan, which specify a return to profit this year. DANIELA TRAVELLA CO-OPTED AS INDEPENDENT DIRECTOR FOLLOWING THE WITHDRAWAL OF ALBERTO DELLA PORTA