Bologna, 12th May 2003 - The Datalogic Board of Directors, a company traded on the Nuovo Mercato (New Economy) of the Borsa Italiana S.p.A. (Italian Stock Exchange), which designs and manufacturers bar code reading systems, met on 12th May and approved the quarterly data as of 31st March 2003.
During the course of the first quarter of 2003, the company recorded total sales revenues of Euro 31.16 million, with an increase equal to 7% compared to the same period of the previous financial year (revenues of Euro 29.14 million on 31st March 2003).
In the same period the EBITDA was equal to Euro 4.91 million, 15.8% of the total revenues (13.7% is the figure recorded in the first three months of 2002).
The financial situation as of 31st March 2003 was active by Euro 37.21 million, an improvement both in respect to the same period of the previous financial year (Euro 27.94 million as of 31st March 2002) and the end of the previous financial year (Euro 33.4 million as of 31st December 2002).
In short, the results before tax at the end of the first quarter of 2003 is positive by Euro 3.026 million (+46.6% compared to the Euro 2.064 million recorded in the first quarter of 2002).
Roberto Tunioli, Datalogic Vice Chairman and CEO states "The results of the first quarter of 2003 testify the effectiveness of the company's business strategies which are focussed on technological innovation (the R&D investments equal 8% of the revenues in this period) and service to our Partners, and enable us to harbour a certain optimism for the remainder of the year, during the course of which we count on reaching the results anticipated in the business plans."