Retelit -

Board of Directors approves 2016 consolidates and statutory annual accounts

15 March 2017 - 17:06Price sensitive | Press releases

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

- 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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