Press Release in accordance with CONSOB Regulation 11971/1999 and subsequent amendments
DADA REVIEWS THE PRELIMINARY RESULTS OF 2005:
REVENUES ABOVE EXPECTATIONS, ESTIMATED AT OVER EURO 67 MILLION, EBITDA MARGIN FORECAST AT APPROX. 19% The expected revenues for the year 2005 will be above the budget estimate of Euro 55-60 million and are forecast at over Euro 67 million, compared to Euro 48.4 million in 2004. The Ebitda is forecast at over Euro 12.7 million, compared to an indicated range of Euro 9-12 million and Euro 6 million in 2004.
Florence, December 16, 2005 – the Board of Directors of DADA (MTAX of Borsa Italiana: DA.MI), chaired by Paolo Barberis, today reviewed the preliminary results of the DADA Group for the year to December 31, 2005. The consolidated revenues for the full year of 2005 are forecast at over Euro 67 million, above the prior guidance indicated of Euro 55-60 million. The revenues of the DADA Group in 2004 amounted to Euro 48.4 million. The Group Ebitda in 2005 is forecast to be over Euro 12.7 million, equal to an Ebitda margin of approx. 19%, compared to a range of Euro 9-12 million forecast for the current year and Euro 6 million recorded in 2004. On February 13, 2006 the Board of Directors meeting will be held to approve the Quarterly Report of the DADA Group as at December 31, 2005. The Board of Directors also reviewed the expectations of the Company which forecasts consolidated revenues in 2006 of between Euro 90 and 95 million. The growth guidelines were also reviewed which indicate an Ebitda average annual growth rate (CAGR) in the three-year period 2006-2008 in a range of 15-20%. The Board of Directors meeting held today also reviewed the press release issued on December 6, 2005 by RCS MediaGroup S.p.A. (Offerer) in accordance with article 102 of Legislative Decree 58/98 and article 37, paragraph 5 of Consob Regulation No. 11971/99 and subsequent amendments relating to the obligatory Public Tender Offer of the RCS MediaGroup S.p.A. on all of the ordinary shares of DADA S.p.A. (Issuer). With reference to this matter, the Board of DADA approved the Press Release of the Issuer which will be transmitted to Consob today, in accordance with article 103, paragraph 3 of the Legislative Decree of February 24, 1998 and of article 39 of Consob Regulation No. 11971/99 and subsequent amendments. The Board of Directors also approved the corporate calendar of DADA S.p.A. to be transmitted to Borsa Italiana:
- Monday February 13, 2006: Approval of the Quarterly Report of the DADA Group as at December 31, 2005;
- Thursday March 16, 2006: Approval of the Draft Annual Accounts of DADA S.p.A. and consolidated for the year 2005;
- between April 20 and 29, 2006: Shareholders’ Meeting for the approval of the Annual Accounts for the year 2005;
- Tuesday May 9, 2006: Approval of the Quarterly Report of the DADA Group as at March 31, 2006;
- Friday July 28, 2006: Approval of the Quarterly Report of the DADA Group as at June 30, 2006;
- Monday September 11, 2006: Approval of the Half-Year Report of DADA S.p.A. and the DADA Group;
- Thursday November 9, 2006 : Approval of the Quarterly Report of the DADA Group as at September 30, 2006;
- Wednesday December 6, 2006: Review of the preliminary results of 2006 relating to DADA S.p.A. and to the DADA Group.
