Press Releases

Press Releases

Press Releases

Datalogic (Star: dal.mi): Board of Directors approves half-year interim report as of 30th June 2008. Net profit of €11.8 million, +49% vs. 30th June 2007

Bologna, 8th August 2008 - The Board of Directors of Datalogic S.p.A. - a company listed in the Star segment of the Milan Stock Exchange, third largest world manufacturer, and leader in Europe, for barcode readers, rugged mobile computers and RFID (radio frequency identification devices) - approved the half-year interim report as of 30 June 2008 (1H08).

1H08 ended with consolidated sales revenues of € 193.6 million (mn), down by 2.7% vs. € 199 mn in the same period in the previous year (1H07), due to a persistent unfavorable trend of the USD. With constant exchange rates Euro/Usd, compared to 2007, the growth would have been approx. 3%.

EBITDA of € 25.4 mn (-1.8% vs € 25.8 mn at 30th June 2007) and EBITANR* of € 19.6 mn (in line with € 19.7 mn for the same period in previous year).

Consolidated net profit of € 11.8 mn in the first six months of the year, a significant improvement vs. € 7.9 mn at 30th June 2007.

In the second quarter of the year, consolidated revenues amounted to € 97.5 mn (+2.8% in comparison to € 94.9 mn in 2Q07); with constant exchange rates Euro/Usd, the growth would have been equal to approx. 9%. EBITDA of € 13.8 mn (+17% vs € 11.8 mn in 2Q07) and EBITANR of € 11 mn (+24.5% vs. € 8.8 mn in 2Q07).

The separate business Divisions’ sales (including intersegment sales) and segment results (before non-recurring costs/revenues and depreciation and amortization due to acquisitions), for the first half of 2008 (in Euro million), are listed below:

Divisions   Sales   Segment results
Datalogic Mobile   46.2   3.5
Datalogic Automation   36.0   1.0
Datalogic Scanning   92.7   7.2
Business Development   22.1   3.6
Datalogic S.p.A.   10.2   4.0
Unallocable costs/adj.   (13.6)   0.3
January - June 08   193.6   19.6

Unfortunately, reliable reclassification of 1H07, on the basis of the new Divisions of the Group, was not possible.

At 30th June 2008, the net financial position of Datalogic was negative by € 76 mn, an increase both in comparison to its position at 31st December 2007 (negative by € 62.5 mn) and at 30th June 2007 (negative by € 72 million).

We would however point out that, in the first half of the year, treasury shares were bought for approximately € 12 mn. If treasury shares were included, the net financial position at 30th June 2008 would be negative by € 69 mn. In addition dividends were paid for € 4.4 mn.

The auditing activity for the half-year interim report has not yet been completed and the audit report will be available within the deadlines set at law (29th August 2008). 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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