Press Releases

Press Releases

Press Releases

Datalogic (Star: dal.mi): Board of Directors approves figures at 31st December 2008

• Sales revenues of € 379.8 million (-6% vs. € 404 million at 31st December 2007). With constant Euro/Usd exchange rates, compared to 2007, the reduction would have been approx. 3%.
• EBITDA of € 47.8 million (-4.7% vs. the same period in previous year).
• EBITANR of € 35.3 million (down by 6.5% in comparison to 31st December 2007). 
• Net profit of € 17.8 million (-1% vs. 31st December 2007).
• Dividend proposed of 3.5 euro cents per share (with coupon detachment on May 4th 2009).
• Net financial position negative by € 107 million including purchase of treasury shares for € 51.4 million (in 2008 n. 5.4 mn of treasury shares cancelled). 

Bologna, 6th March 2009 - The Board of Directors of Datalogic S.p.A. - a company listed in the Star segment of the Milan Stock Exchange and a leader in the market for barcode readers, data collection mobile computers, RFID (radio frequency identification) systems and photoelectric devices - today approved the draft financial statements for the year ending on 31 December 2008.

For the whole of 2008 Datalogic Group achieved consolidated revenues of € 379.8 million (mn), down by 6% vs. € 404 mn in the same period in the previous year. With constant exchange rates Euro/Usd, compared to 2007, the reduction would have been approx. 3%. 

The Group's consolidation area was different to that of 2007, since 2008 revenues also included sales of Datasensor S.p.A., acquired and consolidated as from October 2008. Therefore, Datalogic Group financial statements includes Datasensor results only for the fourth quarter of 2008 and the total purchase cost has already been paid.

Net of Datasensor, Datalogic's 2008 revenues amounted to € 373.5 mn (-7.5% vs. 2007). 

EBITDA of € 47.8 mn (down by 4.7% vs € 50 mn at 31st December 2007) and EBITANR* of € 35.3 mn (-6.5% vs. € 37.8 mn for the same period in the previous year); net of Datasensor, EBITDA amounted to € 46.8 mn (-6.6% vs. 2007) while EBITANR amounted to € 34.7 mn (-8% vs. 2007). 

FY2008 closed with consolidated net profit of € 17.8 million (-1% vs. € 18.1 million at 31st December 2007); net of Datasensor, net profit amounted to € 17.6 mn (-2.5% vs 2007). 

In the fourth quarter of the year, consolidated revenues amounted to € 95.5 mn (down by 10% in comparison to € 106.5 mn in 4Q07); EBITDA of € 10.3 mn (-21.7% vs € 13.2 mn in 4Q07) and EBITANR* of € 6.5 mn (-34% vs. € 10 mn in 4Q07). 

The Annual General Meeting of Shareholders will be convened for April 21st 2009; the Board of Directors will propose to the AGM of shareholders distribution of a per-share dividend of 3.5 euro cents (with coupon detachment - n. 3 - on May 4th 2009 and payment on May 7th 2009). 

The separate business Division sales (including intersegment sales) and segment results (before non-recurring costs/revenues and depreciation and amortization due to acquisitions) at 31st December 2008, are listed below:

Divisions   Sales   Segment results
Datalogic Mobile   87.4    6.9 
Datalogic Automation   70.1    (1.1) 
Datalogic Scanning   185.1    20.0 
Business Development   42.8    7.0 
Datalogic S.p.A.   15.6    2.2 
Adjustment   (21.2)    0.3 
January- December 08   379.8   35.3 



At 31st December 2008, the net financial position of Datalogic was negative by € 107 mn, an increase both in comparison to its position at 31st December 2007 (negative by € 62.5 mn), mainly due to the acquisition of Datasensor S.p.A.. 

We would however point out that, during 2008, treasury shares were bought for approximately € 23.2 mn. If treasury shares were included (also counting n. 5,409,981 treasury shares cancelled in May 2008), the net financial position at 31st December 2008 would be negative by € 55.5 mn. In addition dividends were paid for € 4 mn. 

It should be highlighted that, once again in 2008, the investments on R&D - totally expensed in the income statement - equal to € 25.3 mn (i.e. 7% 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 FY08 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 this press release corresponds to the document results, books and accounting records.





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