EBITANR of € 37.8 million (+45% vs. 31st December 2006)
Net profit of € 18.1 million (+338% vs. 31st December 2006)
Dividend proposed of € 0.07 per share (with coupon detachment on April 28th 2008)
Net financial position negative by € 62.5 million
Bologna, 14th February 2008 - The Board of Directors of Datalogic S.p.A. - a company listed in the Star segment of the Milan Stock Exchange, operating in the design, production and distribution of barcode reader systems and RFID (radio frequency identification devices) - approved draft financial statements for the year ending on 31 December 2007.
For the whole of 2007 Datalogic Group achieved consolidated revenues of € 404 million (mn), up by +6% vs. € 381.6 mn in the same period in the previous year (FY06).
Increased profitability: EBITDA of € 50 mn (+31% vs. € 38.2 at 31st December 2006); EBITANR of € 37.8 mn (+45% vs € 26 mn vs. the same period of previous year).
FY2007 closed with consolidated net profit of € 18.1 million (+338% vs. € 4.1 million at 31st December 2006).
The Annual General Meeting of Shareholders will be convened for April 15th 2008; the Board of Directors will propose to the AGM of shareholders distribution of a per-share dividend of € 0.07 (with coupon detachment on April 28th 2008 and payment on May 2nd 2008).
In the fourth quarter of the year, consolidated revenues amounted to € 106.5 mn (+5.3% in comparison to € 101.1 mn in 4Q06), EBITDA of € 13 mn (+12% vs € 11.8 mn in 4Q06) and EBITANR* of € 9.9 mn (+17% vs. € 8.5 mn in 4Q06).
With reference to separate business Divisions, we listed below sales (including intersegment sales) and segment results (before non-recurring costs/revenues and depreciation and amortization due to acquisitions), for the period April - December 2007, (in Euro million) as reliable reclassification of 1Q07 and FY06 figures, on the basis of the new Divisions of the Group, was not possible.
At 31 December 2007, the net financial position of Datalogic was negative by € 62.5 mn, worse in comparison to its position at 31 December 2006 (negative by € 58.3 mn), but an improvement on its position at 30 June 2007 (negative by € 71.8 million). We point out that, during 2007, treasury shares were bought for approximately € 28,9 mn and dividends were paid for € 3.8 mn. If own shares were included, the net financial position at 31st December 2007 would be negative for € 34.3 mn, a big improvement on its position at 31st December 2006 (negative by € 50 mn).
It should be highlighted that, once again in 2007, the investments on R&D - totally expensed in the income statement - equal to € 25 mn (i.e. 6.2% of revenues).
The Board of Directors also approved the Annual Report on Corporate Governance. A copy of the Report will be made available to the public in accordance with the provisions required by the law.
The auditing activity for the FY07 interim report has not yet been completed and the audit report will be available within the deadlines set at law. In addition, the attached income statement and balance sheet are reclassified forms and therefore they have not been subject to auditor verification.
The manager responsible for preparing the company's financial reports - Dott. Marco Rondelli - declares, pursuant to paragraph 2 of Art. 154-bis of the Testo Unico della Finanza, that the accounting information contained in that press release corresponds to the document results, books and accounting records.