15 March 2017 - 17:06

Board of Directors approves 2016 consolidates and statutory annual accounts

First operating profit in Retelit’s history Results ahead of Guidance and significantly up on previous year Strong generation of industrial net cash Extension of Industrial Plan to 2021: earnings targets raised, also thanks to expected synergies between European backhaul and AAE-1 cable

Press Releases
- REVENUES of Euro 49.6 million, up 17.8% on Euro 42.1 million in 2015 - EBITDA continues to grow at Euro 14.6 million - EBITDA margin 29.4% - up 32.0% on Euro 11.0 million in 2015 - EBIT significantly up - from Euro 0.8 million loss in 2015 to profit of Euro 2.2 million - Net Profit of Euro 2.9 million compared to Euro 0.2 million in 2015, recalculated on a like-for-like basis following the adoption of Hedge Accounting for derivative instruments. The 2015 Net Profit was Euro 3.4 million with derivatives measured at fair value. - Strong results confirmed also for the quarter: revenues +8.2% YoY to over Euro 13.0 million and EBIT of Euro 0.7million - Net Cash Position of Euro 8.1 million compared to Euro 11.5 million at December 31, 2015 Industrial Plan extended to 2021 with earnings, capital and financial targets raised: - Forecast revenues of Euro 89-93 million - EBITDA of Euro 44-46 million - Net Cash Position of Euro 96-101 million - Guidance 2017: revenues of between Euro 60 and Euro 63 million forecast, with EBITDA of between Euro 20 and Euro 23 million, EBIT of between 6 and Euro 9 million, investments in a range of Euro 25 and 28 million and a Net Cash Position of between Euro 20 and Euro 23 million.
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