Press release in accordance with CONSOB Regulation No. 11971/1999
The Board of Directors of DADA approved the Quarterly report as of December 31, 2004.
DADA turnover in 2004 amounted to Euro 48.4 million (+ 63%)
EBITDA positive at Euro 6 million (Euro 1.7 million in 2003)
In 2005 DADA forecasts increasing revenues and positive EBIT
Florence, February 14, 2005 - The Board of Directors of DADA S.p.A. (TechSTAR, DA.MI) today met under the Chairmanship of Paolo Barberis to approve the Quarterly report as of December 31, 2004.
DADA Group consolidated revenues in 2004 increased by 63% compared to 2003, amounting to over Euro 48.4 million, while the EBITDA significantly improved from Euro 1.7 million to over Euro 6 million. The Operating Loss in 2004 was Euro 3.2 million (compared to Euro 9 million in 2003), while the Group’s Pre-tax Loss was equal to Euro 5 million (compared to a loss of over Euro 24 million in 2003).
The generation of free cash flow in Q4 2004 was equal to Euro 1.3 million and resulted both from a much better revenue mix - with an increase in the revenues with higher margins - and from the good results of the optimization of the Group structure.
In 2004, the consolidated Net Financial Position increased from Euro 16.4 million at December 31, 2003 to Euro 20.1 million in December 31, 2004.
In light of the encouraging results of the last quarter of 2004 and of the signals which have been received up to now regarding 2005 trends, DADA forecasts an increase of the consolidated revenues for 2005 equal to Euro 55-60 million.
Considering the same assumptions, the impact of the EBITDA on the overall 2005 revenues is expected to be equal to 16-20%, compared to 12.4% recorded in 2004.
In addition, due to the lower impact expected from amortisation, which is likely to amount to Euro 4 million, DADA forecasts a positive EBIT in 2005.
On September 15, 2004 DADA was admitted to TechStar, the new segment within the “Nuovo Mercato” of the Italian Stock Exchange, which identifies the companies meeting higher requirements of sustainable growth and transparency: on March, at “Palazzo delle Stelline” in Milan, DADA will illustrate the Group’s economic and financial results for 2004, within the event “2004 STAR&techSTAR COMPANY RESULTS, which has been organized by the Italian Stock Exchange.
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DADA S.p.A. is a leading provider of web and mobile entertainment services: its offering is made up by a wide range of pay “Community & Infotainment” product and services, which can be enjoyed both through the Group’s well known web portals (superEva.it and Clarence.com), and the mobile, thanks to the unique number SMS to the Telco’s TIM, Vodafone, Wind and/or through the presence in the new generation web portals “TRE” and “ iMode”.
Listed in TechStar of the Nuovo Marcato of the Italian Stock Exchange, DADA heads a Group of companies offering of Net products and services, among which there’s also Register.it S.p.A., the Italian leader in the management of privates and companies online presence.
On March 2nd, at “Palazzo delle Stelline” in Milan, DADA will anticipate the Group’s economic and financial results in 2004, within the event “2004 STAR&techSTAR COMPANY RESULTS, organized by the Italian Stock Exchange.
