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- Sales revenue up 25.9% to €392.7 million, compared to €311.9 million in 2009
Bologna, 28th April, 2011 – Today the Annual General Meeting of Datalogic shareholders, a company listed on Mercato Telematico Azionario – Star Segment – organized and managed by Borsa Italiana S.p.A. and a market leader in bar code readers, data collection mobile computers, RFID and vision systems - approved the financial statements for the year ending on 31st December 2010 and passed a resolution authorising the distribution of a dividend of 15 euro cents per share.
Our increasingly market-focused approach, demonstrated in the recent Group reorganisation, which aims to drive the Scanning and Mobile divisions (now under combined management) forward in synergy to tackle the Automatic Data Capture (ADC) market and high-level technological specialisation, will give the Group an ever-stronger leading position in its key markets.”
In FY2010 the Group achieved sales consolidated revenue of €392.7 million, up 25.9% compared to €311.9 million recorded in 2009.
Consolidated net profit amounted to €18 million, a marked trend reversal compared to 2009, when it recorded a loss of €12.2 million.
EBITDA rose to €49.8 million, more than double the €19.6 million reported in 2009, and with an EBITDA margin at 12.7% compared with 6.3% in the previous year. EBITANR  was €38.1 million, compared to €6.2 million in 2009.
Net financial debt on 31st December 2010 was €76.5 million, a significant improvement compared to €100.5 million recorded on 31st December 2009, thanks to strong cash generation in the second half of the year, and despite the acquisition of Evolution Robotics Retail on 1st July 2010, which required an outlay of €20.96 million.
(iii) the remuneration policy for directors with specific tasks at the Company and for managers with strategic responsibilities at the Company and the Group.
(ii) to statutorily assign to the AGM the possibility of increasing the share capital, including pursuant to article 2441, paragraph 4.2 of the Civil Code, also confirming the possibility to delegate to the Board of Directors the power to increase the share capital – pursuant to and in compliance with article 2443 of the Civil Code – either for payment or free of charge and with or without option rights;
(iii) to assign to the Board of Directors, for a period of one year from the date of the resolution, the power, pursuant to article 2443 of the Civil Code, to carry out a capital increase by payment, in one or more occasions, in tranches, for a maximum nominal amount of EUR 2,600,000.0 (twomillionsixhundredthousand/00) via the issue of up to 5,000,000 (fivemillion) ordinary shares with a nominal value of EUR 0.52 (zero point fivetwo) each, to be placed exclusively with qualified third-party investors and/or any industrial partners of the Company, excluding the option right for shareholders pursuant to article 2441, paragraph 4.2 of the Civil Code and/or pursuant to article 2441, paragraph 5 of the Civil Code;
(iv) to establish that the above authority also includes the power to determine, on an individual basis, the issue price of the shares, including any premium, as well as dividends, provided that this does not entail the issue – excluding the option right pursuant to article 2442, paragraph 4.2 of the Civil Code – of a total number of shares greater than 5,000,000 (fivemillion) or in any case greater than 10% (ten per cent) of the capital existing before the related resolution by the Company's Board of Directors, all of the above in compliance with other conditions prescribed by law;
(v) to amend the text of article 5 of the articles of association consequent to the resolutions described in points (ii), (iii) and (iv).
Finally please note that:
(i) a summary statement of the voting, including the number of shares represented at the AGM, the number of shares for which votes were cast and the percentage of the capital represented by these shares, and also including the number of votes in favour of and votes against the resolutions and the number of abstentions, will be published on the Company's website no later than 5 (five) days after today’s date, pursuant to 125-quater, paragraph 2 of the TUF;
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.
 EBITANR – Earnings before interest, taxes, acquisition and non recurring