Milan, September 30th, 2004 – DADA S.p.A., leading provider of web and mobile entertainment services, 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.
The composition of the segment TechStar depends on the meeting of both qualitative criteria, coming from civil law and regulatory provisions, and economic and financial criteria based on the concept of sustainable growth.
With particular reference to the economic and financial criteria, the Italian Stock Exchange admits to TechStar those companies having the consolidated gross operating margin positive and showing an increase of at least 1 million euro, calculated with reference to the year or two years prior to the last accounts approved by the respective boards of directors.
In this sense, DADA consolidated gross operating margin was negative for 2,7 million euro at June 30, 2002, it grew positive for 0,5 million euro at June 30, 2003 and it confirmed this positive trend at June 30, 2004, when the consolidated gross operating margin resulted equal to 3 million euro.
