Press Release in accordance with CONSOB Regulation No. 11971/1999
RESULTS FIRST 9 MONTHS OF 2005:
REVENUES AT EURO 46.4 MILLION (+38% compared to first 9 months of 2004)
OPERATING RESULT AT EURO 6.9 MILLION (equal to 14.9% of revenues, compared to Euro 1.9 million in 2004)
INTERNATIONAL ACTIVITIES CONTRIBUTE TO 14% OF CONSOLIDATED SALES IN THE QUARTER
- Consolidated revenues in Q3 2005 of Euro 16.4 Million: +37% compared to Q3 2004
- In particular, Revenues in the Consumer Division: + 65% compared to Q3 2004
- EBITDA positive result of Euro 3.1 million (Euro 1.4 million in Q3 2004)
- EBIT positive result of Euro 2.3 million (Euro 0.5 million in Q3 2004)
- Net profit of Euro 1.9 million (Euro -0.1 million in Q3 2004)
- Net Financial Position at September 30, 2005 positive of Euro 21.6 million
Florence, November 11, 2005 - The Board of Directors of DADA (MTAX of Borsa Italiana: DA.MI) under the chairmanship of Paolo Barberis, today approved the Consolidated Quarterly Report of the DADA Group as at September 30, 2005.
In the third quarter of 2005 DADA, already leader in Italy in the community and entertainment market via web and mobile, continues its internationalisation in the VAS mobile sector through the portal http://www.dadamobile.com/, currently also operating in the UK, German, US and French markets. Meanwhile the collaboration continues with the Chinese partner Linktone (NASDAQ: LTON) and the localisation of the offer of superEva.com (www.supereva.com), leader in the community&dating sector, also in the USA, UK, Germany, Spain, Austria and France.
The percentage of overseas sales represented approx. 20% of the total revenues in the Consumer division in the third quarter of 2005 and approx. 14% of the net consolidated revenues of the DADA Group, in part due to new international initiatives which commenced in the second part of the quarter.
Economic-financial results
At Group level, the third quarter of 2005 recorded Sales of Euro 16.4 million (an increase of 37% compared to the previous year) and a positive consolidated EBITDA of Euro 3.1 million with a margin on sales of 19%. It is recalled that the EBITDA of DADA in the third quarter of 2004 was Euro 1.4 million, which was a margin of 12% on sales.
The consolidated Ebit in the third quarter of 2005 was a profit of Euro 2.3 million (equal to 14% of sales), after amortisation and depreciation of Euro 0.8 million (in the third quarter of 2004 the Ebit was a profit of Euro 0.5 million).
The consolidated net profit was Euro 1.9 million (equal to 12% of consolidated sales), compared to a loss of Euro 0.1 million in the third quarter of 2004.
The short-term Net Financial Position at September 30, 2005 was a positive amount of Euro 21.6 million, after investments in the quarter of approx. Euro 5 million (principally relating to the acquisition of the quota of Register.it in which Dada now holds 97% of the capital) and a positive operating cash flow of approx. Euro 2 million.
During the first nine months of 2005 there was an increase in the absolute value of the Net Financial Position of Euro 3.6 million, equal to an increase of 20% compared to the Net Financial Position at December 31, 2004.
