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Datalogic: shareholders approve financial statements for FY2006


Consolidated revenues of € 381.6 million (+85.3% vs. € 205.9 in FY2005), EBITDA of € 38.2 million (+21% vs. the same period of prior year), EBITNAR of € 26 million (+5%). Consolidated net profit of € 4.1 million (€ 13 million in 2005).

Dividend of € 0.06 per share (coupon detachment on May 7th, payment as from May 10th).

Appointed the Board of Directors and the Board of Auditors for the period 2007 - 2008.

Board of Directors authorised to undertake share buybacks.

Bologna, 19 April 2007 - Today the Annual General Meeting of Datalogic shareholders approved financial statements for the financial year ending on 31 December 2006 and passed a resolution authorising distribution of a dividend of € 0.06 per share

The dividend - which for the previous financial year had been € 0.22 per share - envisages coupon (no. 1) detachment on 7th May and payment as from 10th May 2007. It is recalled that on May 8th 2006, following the share split with a split ratio of 4:1, the ordinary share par value was reduced from € 2.08 to € 0.52.

In FY2006 consolidated revenues grew by 85.3% to € 381.6 mn (vs. € 205.9 mn as at 31 December 2005).

EBITDA amounted to € 38.2 million (+21% vs. € 31.5 mn. in 2005); EBITANR totalled € 26 mn. (vs. 24.8 mn. of the previous year), with growth of +5%. Consolidated net profit of € 4.1 mn (€ 13 mn in the same period of the previus year)

At 31 December 2006, the net financial position of Datalogic was negative by € 58.3 mn, an improvement on its position at 31 December 2005 (negative by €125.7 mn). This was mainly due to the share capital increase which raised € 76.6 mn concluded in January 2006. Moreover, in the fourth quarter of last year the Group generated cash for € 8.1 mn (of which € 4.2 mn taken up by the activity of purchase treasury shares).

During the AGM, the Datalogic S.p.A. Board of Directors and Board of Auditors have been appointed and they will hold its office until the adoption of the balance sheet as of December 31st 2008.

Concerning the Board of Directors Romano Volta, Datalogic's President and founder, Roberto Tunioli, Pier Paolo Caruso, Giancarlo Micheletti, Alberto Forchielli, Umberto Paolucci (indipendent Director), Elserino Piol (indipendent Director), Gabriele Volta, Valentina Volta, Angelo Manaresi (indipendent Director), John O'Brien, Giovanni Tamburi and Lodovico Floriani were confirmed as company's directors.

The Board of Auditors is chaired by Stefano Romani and its members are Massimo Saracino and Mario Stefano Luigi Ravaccia regular auditors, and Stefano Biordi and Patrizia Passerini as substitute auditors.

In addition, the AGM has confirmed the appointement of PricewaterhouseCoopers S.p.A. as auditors of the civil-law and consolidated bilance-sheets also for the period 2007 - 2009.

Shareholders also authorised the Board of Director to make transactions for the sale and purchase of own shares. Buyback operations are motivated by Datalogic' desire to act as a stabiliser, thus improving the stock's liquidity.

More specifically, this authorisation was granted for the purchase and transfer of up to a maximum of 6,000,000 Datalogic S.p.A. ordinary shares - equal to 9.43% of the capital stock - for the period intervening between today and the date of call of the meeting for the adoption of the 2007 balance-sheet, i.e. 18 months.

According to the approved plan, the purchase price of each ordinary share will range between a face value of € 2 and € 20.

Finally, the Extraordinary meeting also approved some amendments to the company's bylaws, in particular, the art. no. 23 "Manager charged with preparing a company's financial reports" has been added, in order to conform the company's bylaws to the provisions of the law no. 262 of 28 Dec. 2005 and the legislative decree no. 303 of 29 Dec. 2006.

"The Company has exceeded the goals set when listed in March 2001 - commented Mr Roberto Tunioli - we realize that now expectations are even higher and our commitment is to continue to positively amaze the market ".