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Financial Data

Cedacri ended fiscal year 2012 with a turnover of 197.3 Mln Euro, up 1, 1% over the previous year. EBITDA amounted to 31.1 Mln Euro (+25.4% compared to 2011), while net profit was 7.6 Mln Euro (+56.1% compared to 2011). In 2012 Cedacri continued its growth, particularly in services computing for banking information systems, which remains the largest share of the company's revenues, but also take on increasing importance the revenue generated by services facility management, aimed not only to the traditional banking market but also to the world of industrial and service companies. The gross operating profit (EBITDA) grew significantly thanks to increased revenues and cost containment action, which has allowed us to record a good reduction of operating expenses (-2.4% compared to 2011).

The results achieved in 2012 were achieved in the face of significant investments in new solutions, systems and infrastructure. For the strategic evolution of its IT systems and applications, in fact, Cedacri has continued to invest in the wake of previous years, bringing to allocate resources of more than 100 million euros over three years. In particular, in 2012 was made a rich set of plans for the evolution of the platform application and to adapt it to the new regulations and to enrich it with new features. During 2012 there have been many solutions successfully introduced on the market: the platform Front End Unique to new applications for process management of credit, the system of biometric signature solution to mobile payment.

The consolidated financial statements of the Group reports instead a production value of € 271.8 million (+2.8% compared to 2011) and a net profit of 7.5 Mln Euro, an increase of 38.9% compared to 'previous year. In 2012, the acquisition of SiGrade, concluded in December 2011, practically confirmed its strategic importance. It has enabled the Group to Cedacri increase their expertise in system integration, to provide services to large financial institutions and industrial, with some of them SiGrade offers from a long lasting relationship, generating significant cross-selling opportunities with the complete range of the Cedacri Group. In an effort to expand into non-bank markets has played an important role C-Global, the Group company specializing in the management of business processes in outsourcing, which, while it has managed to strengthen its leadership in the field bank, on the other hand has also made its entry into other markets, such as the utilities, for the management of complex back office processes. In the light of the business in 2012 and in view of the current competitive scenario, Cedacri has reformulated its business plan outlining the strategic development for 2013-2015.