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PRESS RELEASE: Reply SpA: The Board of Directors approved the draft financial statements for the year 2019

| Quelle: Dow Jones Newsw... | Lesedauer etwa 5 min. | Text vorlesen Stop Pause Fortsetzen

DGAP-News: Reply SpA / Key word(s): Annual Results/Quarter Results
Reply SpA: The Board of Directors approved the draft financial statements
for the year 2019

2020-03-13 / 14:57
The issuer is solely responsible for the content of this announcement.

*All economic indicators have improved. *

*- Consolidated turnover of &euro1,182.5 million (&euro1,035.8 million in

*- EBITDA at &euro191.3 million (&euro**167,4 million excluding IRFS16;
&euro144.8 million in 2018);*

*- EBIT at &euro155.3 million (&euro**154,7 million excluding IRFS16;
&euro132.4 million in 2018);*

*- Group net profit at &euro113.9 million (&euro115,4 million excluding
IRFS16; &euro99.9 million in 2018);

- Net financial position positive at &euro105 million (&euro197.2 million
excluding IRFS16; &euro66.6 million as at December 2018)*

*Approval of the proposed dividend distribution of &euro0.52 per share.*

Today the Board of Directors of Reply S.p.A. [MTA, STAR: REY] approved the
draft financial statement for the year 2019, which will be submitted for
approval to the Shareholders' Meeting to be held on first call in Turin on
April 21, 2020.

The Reply Group closed 2019 with a consolidated turnover of &euro1,182.5
million, an increase of 14.2% compared to &euro1,035.8 million in 2018.

All indicators are positive for the period. Consolidated EBITDA was
&euro191.3 million, which is an increase of 32.1% compared to the &euro144.8
million recorded at December 2018. Consolidated EBITDA - excluding the
effects of the application of IFRS 16 - would have been &euro167.4 million.

EBIT, from January to December, was &euro155.3 million, which is an increase
of 17.3% compared to &euro132.4 million at December 2018). EBIT, excluding
the effects of the application of IFRS 16, would have been &euro154,7

The Group net profit was at &euro113.9 million, an increase of 14,0%
compared to the &euro99.9 million recorded in 2018. The value excluding the
effects of the application of IFRS 16 would have been equal to &euro115,4

Following the results achieved in 2019, the Reply Board of Directors decided
to propose a dividend distribution of &euro0.52 per share to the next
Shareholders' Meeting, which will be payable on May 6, 2020, with the
dividend date set on May 4, 2020 (record date May 5, 2020).

As at 31 December 2019, the Group's net financial position has been positive
at &euro105 million (&euro197.2 million excluding the effects of the
application of IFRS 16). The net financial position as at 30 September 2019
was positive at &euro52.9 million.

Following the meeting of the Board of Directors, Reply Chairman Mario
Rizzante commented "2019 was a significant year for our Group, with a
turnover that exceeded &euro1,180 million and a net profit that recorded an
increase of 14% compared to 2018".

"In recent months - continued Mario Rizzante - Reply has not only
established itself in the technology environment, but also played a leading
role in the major transformation processes implemented by all companies.
Moreover, 2019 has seen important developments in all our main offering
lines: Cloud, IoT and smart objects, data platforms and digital experience.
Even in these months, we are witnessing an exponential growth in demand for
new applications related to the use of artificial intelligence, an area
where Reply has been committed for a long time, acquiring a leadership

Mario Rizzante added, "Today, Reply is one of the few players to be able to
offer a diverse skill-set, extending the boundaries of traditional
consulting to respond to the needs of a changing world, in which there are
no more barriers between physical and digital and where the component of
technological innovation moves from an enabling factor to a strategic key of
success for the business."

"Today - Mario Rizzante concluded - we are experiencing a situation heavily
influenced by the spread of Coronavirus, causing slowdowns in the operating
activities of companies in every industry, as well as sudden upheavals in
people's everyday habits. Reply was already equipped to operate in Smart
Working, having cloud-based systems and advanced tools for individual
productivity. We quickly moved to remote activities, strengthening the
network infrastructures in those areas most exposed such as Italy, and we
are ready to set up similar actions in other countries if necessary."

_The manager responsible for preparing the company's financial reports, Dr
Giuseppe Veneziano, states in accordance with Paragraph 2 of Article 154-bis
of the Consolidated Finance Act, that the accounting information contained
in this press release corresponds to the company's records, ledgers and
accounting entries._

*Reply *
Reply [MTA, STAR: REY] specialises in the design and implementation of
solutions based on new communication channels and digital media. Reply is a
network of highly specialised companies supporting key European industrial
groups operating in the telecom and media, industry and services, banking,
insurance and public administration sectors in the definition and
development of business models enabled for the new paradigms of AI, cloud
computing, digital media and the Internet of Things. Reply services include:
Consulting, System Integration and Digital Services. www.reply.com [1]

*Media Contacts *

Fabio Zappelli
Tel. +39 011 771 1594

*IR Contacts*

Riccardo Lodigiani
Tel. +39 011 771 1594
Michael Lueckenkoetter
Tel. +49 5241 5009 1017

March 13, 2020

This press release is a translation, the Italian version will prevail.

2020-03-13 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
996975 2020-03-13

1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=e34667c3571713b959f0bcaed5b2df74&application_id=996975&site_id=vwd&application_name=news

(END) Dow Jones Newswires

March 13, 2020 09:57 ET ( 13:57 GMT)

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