Accueil > Nouvelles > Communiqués de presse > Best Union Company S.p.A: the Board of Directors approved the Interim Statement dated September 30th, 2013.

Best Union Company S.p.A: the Board of Directors approved the Interim Statement dated September 30th, 2013.

  • Consolidated Revenues of 28,168 thousand Euro (€ 23,719 thousand at September 30th, 2012) +19%
  • EBITDA of 2,327 thousand Euro (€ 1,692 thousand at September 30th, 2012) +38%
  • EBIT of 1,024 thousand Euro (€ 471 thousand Euros at September 30th, 2012) +117%
  • Cash Position of 1,802 thousand Euros (€ 1.585 thousand at December 31st, 2012)

Bologna, November 14th, 2013 – Today the Board of Directors of Best Union Company S.p.A. examined and approved the Interim Management dated 30th September 2013.

Net revenues at the end of the first nine months of 2013 amount to Euro 28,168 thousand (Euro 23,719 thousand in 2012), with an increase of Euro 4,449 thousand (+19%).Compared to the corresponding period of the previous year, the increase was mainly influenced by the extension of the scope of consolidation, with the inclusion of the company Stadium S.C. a r. l. and new projects
still under process which are expected to be completed by the end of 2013.

L’incremento dei ricavi del periodo gennaio-settembre 2013, rispetto all’analogo periodo dell’esercizio 2012, è stato influenzato principalmente dall’ampliamento del perimetro di consolidamento con l’inserimento della società  Stadium S.c. a r. l. e dai nuovi progetti ancora in fase di realizzazione che si prevede di completare entro la fine  dell’esercizio 2013.

EBITDA margin amounted to Euro 2,327 thousand compared to Euro 1,692 thousand for the period January-September 2012, and showed an increase of Euro 564 thousand (+38%).

EBIT margin amounted to Euro 1,024 thousand compared to Euro 471 thousand for the period January-September 2012, and showed an increase of Euro 553 thousand (+117%).

The operating result for the first nine months of 2013, and the improvement compared to the same period of 2012, reflect the results of new contracts gained and contracts in the process of execution.

As for the staff of the company, the employees of the Group at 30th September 2013 amounted to 458 units and highlight, compared to the same period last year, an increase of 140 units. The difference, compared with the corresponding period of the previous year, is due to the acquired contracts that provide temporary hired employees dedicated to them. In particular, the new
contract Fondazione Musica per Roma has required the recruitment of 51 new units with temporary contract. In addition, the 18th July 2013 acquisition of Enta Ticketing Solutions Ltd and the consortium Stadium led to an increase of further 25 units.

As at 30th September 2013, the Group had a net cash position of Euro 1,802 thousand compared to a positive balance of Euro 1,585 thousand at 31st December 2012. The change is mainly due to the financial impact given by the acquisition of the Enta Ticketing Solutions Ltd and to the improvement of the financial cash flow of the period.

 

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