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| - Today, the Board of Directors of Reply S.p.A. [MTA, STAR: REY] approved the results as at 31 March 2020. Since the beginning of the year, the Group has recorded a consolidated turnover amounting to EUR317.0 million, an increase of 11.8% compared to the corresponding data for 2019. All indicators are positive for the period. In the first quarter of 2020 the consolidated EBITDA was EUR47.6 million (EUR42.3 million in 2019), equal to 15.0% of the turnover. EBIT from January to March, was EUR38.0 million (EUR33.6 million in 2019), and is equal to 12.0% of the turnover. The profit before tax, from January to March 2020, was EUR33.9 million (EUR34.2 million in 2019), equal to 10.7% of the turnover. The net financial position of the Group on 31 March 2020 is also positive by EUR159.3 million. The net financial position on 31 December 2019 was positive for EUR105 million "The results for the first quarter of 2020 - says Mario Rizzante, Chairman of Reply - have been very positive, both in terms of revenues and margins. When in March the unexpected explosion of the Covid-19 pandemic caused slowdowns and lockdowns of business in each sector, Reply succeeded in guaranteeing the continuity of activities for every customer. This was achieved thanks to the flexibility of its network model, combined with a working system based for a long time on advanced individual productivity tools and systems distributed entirely in the cloud". "The economic repercussions of the pandemic on Reply - continues Mario Rizzante - are not punctually predictable, because they will depend a lot on how companies and governments will react. The next few months will require companies to make a great transformation effort, they will have to manage the restart in a competitive framework completely different from the one they left behind, preparing themselves to deal effectively also with possible new closedown. The scenario is complex, still in progress and very uncertain; but technology and, in particular the cloud, artificial intelligence and all digital components will have a decisive role in shaping our new future". The manager responsible for preparing the company's financial reports, Giuseppe Veneziano, states in accordance with Paragraph 2 of Article 154-bis of the Consolidated Finance Act, that the accounting information contained in this press release corresponds to the company's records, ledgers and accounting entries. ReplyReply [MTA, STAR: REY] specialises in the design and implementation of solutions based on new communication channels and digital media. Reply is a network of highly specialised companies supporting key European industrial groups operating in the telecom and media, industry and services, banking, insurance and public administration sectors in the definition and development of business models enabled for the new paradigms of AI, cloud computing, digital media and the Internet of Things. Reply services include: Consulting, System Integration and Digital Services. www.reply.com This press release is a translation, the Italian version will prevail. View source version on businesswire.com: Contact Media Reply Fabio Zappelli f.zappelli@reply.com Tel. +390117711594 Investor Relation Reply Riccardo Lodigiani Tel. +390117711594 r.lodigiani@reply.com Michael Lueckenkoetter m.lueckenkoetter@reply.com Tel. +49524150091017 © 2020 Business Wire, Inc. Disclaimer: This material is not an AFP editorial material, and AFP shall not bear responsibility for the accuracy of its content. In case you have any questions about the content, kindly refer to the contact person/entity mentioned in the text of the release.
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