Press Releases

Turnover reaches 180.4 M€
(222.2 M€ in 9M08)

EBITDA reaches 16.7 M€
(16.9 M€ in 9M08)

Net profit from continuing operations 9.2 M€
(8.2 M€ in 9M08)

Netprofit reaches 9.3 M€
(-0.6 M€ in 9M08)

Key Indicators

The turnover and EBITDA do not consider the Mobility Solutions business (discontinued during 1Q2008) and consider the TV business in Germany only in 2007 and 2008.

• Turnover

The Consolidated Sales and Services Volume in the 3rd quarter of 2009 (9M09) reached 180.4M€ (million euros), which represents a decrease of 18.8% vs. the 222.2M€ in 9M08. However, this turnover represents an increase of 4.2% compared to 9M08 without the TV business in Germany (173.1M€).

• EBITDA

EBITDA reached 16.7M€ in 9M09 which represents a decrease compared to the 16.9 M€ in the 9M08 and represents a decrease of 1.9% compared to 9M08 without the TV business in Germany (17.0M€).

The chart below shows EBITDA variation compared to the prior periods.

EBITDA margin in 9M09 was 9.3%, compared to 7.6% in 9M08.

• Net Profit

Operating profit (EBIT) reached 13.0 M€, reflecting an increase of 3.4% compared to 9M08 (12.6 M€). However, this EBIT represents a decrease of 3.9% compared to 9M08 without the TV business in Germany (13.6 M€).

EBTM reached 11.9 M€ in this period, registering an increase of 15.6% vs. the 10.3 M€ booked in 9M08, and a decrease of 11.9% compared to 9M08 excluding the TV business in Germany (13.5 M€).

The Consolidated Net Results, after minority interests and results from discontinued operations, reached 9.3 M€, showing an increase vs. the -0.6 M€ in 9M08, which however included a cost of 8.8 M€ for the closure of the Mobility Solutions business.

Still, they would have increased 13.9% when compared to the 8.2 M€ Net Profit in
9M08 without that effect.

Check the Consolidated Results on September 30, 2009.