{"id":1516120,"date":"2020-11-05T00:00:00","date_gmt":"2020-11-05T00:00:00","guid":{"rendered":"http:\/\/54.217.56.244\/investor-releases\/press-release-the-shareholders-meeting-approved-the-financial-statements-at-31-december-2018-26-04-2019\/"},"modified":"2020-11-05T00:00:00","modified_gmt":"2020-11-05T00:00:00","slug":"press-release-the-shareholders-meeting-approved-the-financial-statements-at-31-december-2018-26-04-2019","status":"publish","type":"investor-releases","link":"https:\/\/acrobaticagroup.com\/en\/investor-releases\/press-release-the-shareholders-meeting-approved-the-financial-statements-at-31-december-2018-26-04-2019\/","title":{"rendered":"PRESS RELEASE – THE SHAREHOLDERS’ MEETING APPROVED THE FINANCIAL STATEMENTS AT 31 DECEMBER 2018 26.04.2019"},"content":{"rendered":"[vc_row][vc_column][vc_column_text]THIS DOCUMENT MAY NOT BE PUBLISHED, DISTRIBUTED, USED, IN WHOLE OR IN PART, DIRECTLY OR
\nINDIRECTLY, BY OR IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR ANY OTHER JURISDICTION
\nWHERE SUCH PUBLICATION, DISTRIBUTION AND\/OR USE WOULD VIOLATE THE LAWS OF THAT
\nJURISDICTION.
\nThis document does not constitute an offer prospectus or an admission document. This document does not
\nconstitute, and shall not be construed as, an offer to the public for subscription, purchase, sale, or
\nexchange, nor an invitation to make an offer for subscription, purchase, sale or exchange, of securities. This
\ndocument and the information contained herein have been prepared for information purposes only and
\nare in no way intended to constitute investment advice or a recommendation for investment in financial
\ninstruments. Potential investors must not subscribe and\/or purchase the financial instruments covered by
\nthis document based on the information contained herein. There will be no offer of financial instruments to
\nthe public either in Italy or in any other country. Any private placement of the Company’s shares will be
\nmade in the context of the admission of the Company’s shares to AIM Italia, exclusively under the
\nexemption from the application of the laws and regulations on public offering and therefore the offer of
\nthe shares has not been and will not be subject to the approval of CONSOB or any other competent
\nauthority in Italy or abroad in accordance with the applicable regulations. No prospectus or other
\nequivalent information document will be published in connection with the admission of the Company’s
\nshares to AIM Italia.
\nPRESS RELEASE
\nTHE ASSEMBLY HAS APPROVED
\nTHE FINANCIAL STATEMENTS AT 31 DECEMBER 2018
\nGenoa, 26 April 2019
\nThe Shareholders’ Meeting of EdiliziAcrobatica S.p.A. (“Company” or “EDAC”), the company at the head of
\nthe group of the same name, specialized in double safety rope construction work, such as maintenance and
\nrenovation of buildings and other architectural structures, listed on the AIM Italia segment of the Italian
\nStock Exchange (EDAC ticker) and Euronext Growth (ALEAC ticker), met today in ordinary session at the
\nCompany’s administrative offices in Genoa, viale Brigate Partigiane 18\/2.
\nThe Shareholders’ Meeting reviewed the Consolidated Financial Statements at 31 December 2018, the
\nmain data of which are summarised below:
\nVALUE OF PRODUCTION, + 51% TO \u20ac 26.2 MILLION
\nEBITDA +76.7% TO \u20ac 4.4 MILLION:
\nADJUSTED EBITDA +59.7% TO \u20ac 4.5 MILLION, EXCEEDING THE EBITDA TARGET (\u20ac 4.2 MILLION) SET BY THE
\nPAS ACTION MECHANISM
\nNET INCOME + 109.4% TO \u20ac 2.2 MILLION
\n\u2022 Production Value at \u20ac26.2 million, +51% YoY;
\n\u2022 EBITDA at \u20ac4.4 million, +76.7% (EBITDA Margin at 16.6%);
\n\u2022 Adjusted EBITDA at \u20ac4.5 million (Adj Margin EBITDA at 17.1%) above the EBITDA target of \u20ac4.2
\nmillion set by the PAS (Price Adjustment Share) mechanism established at the time of listing1;EBIT
\nat \u20ac3.7 million, +87.1% (Margin EBIT at 13.9%);
\n\u2022 Net profit \u20ac2.3 million, +109.4%;
\n\u2022 Positive Net Financial Position (NFP) (cash) of \u20ac2.1 million compared to negative NFP of \u20ac2.3 million
\nat 31 December 2017 thanks to the capital increase to service the listing and the generation of cash
\nfrom ordinary operations.
\nThe Shareholders’ Meeting then examined and approved the Financial Statements for the year ended 31
\nDecember 2018, the main figures of which are summarised below:
\n1 – Adjusted EBITDA has been shown net of the accounting effects of the listing since all costs relating to
\nthe admission process on AIM have been capitalised, while the revenues relating to the tax credit deriving
\nfrom the listing have not been prudentially included in 2018. The latter, for its share, will be included as
\nfrom 2019 after the approval of the MISE which will decide in this sense 30 days after March 31, 2019.
\n\u2022 Production Value at \u20ac22.5 million, +56% YoY;
\n\u2022 EBITDA at \u20ac4.2 million, +113.9% (EBITDA Margin at 18.7%);
\n\u2022 EBIT at \u20ac3.6 million, +143.5% (EBIT Margin at 15.9%);
\n\u2022 Net Profit at \u20ac2.3 million, +181% (Net Profit Margin 10.1%);
\n\u2022 Positive Net Financial Position (NFP) (cash) of \u20ac1.7 million compared to negative NFP of \u20ac2.4 million
\nat 31 December 2017 thanks to the capital increase to service the listing and the cash generation
\nfrom ordinary operations.
\nThe Shareholders’ Meeting resolved to allocate \u20ac 34,506 to the legal reserve and the remaining \u20ac 2,247,992
\nto be carried forward.
\nRiccardo Iovino, CEO and Founder of EdiliziAcrobatica, commented: “2018 was a very positive year for the
\ncompany which, on 19 November, entered the AIM segment of the Italian Stock Exchange and which,
\nthanks to its business model focused on the enhancement of human resources, consolidated and
\nstrengthened growth in all the main indicators. 2019 opened in the same positive wake and saw us
\nengaged in the listing on Euronext Growth and in the acquisition of the French company ETAIR
\nM\u00e9diterran\u00e9e, an operation that, once again, was conducted according to the ethical principles that
\ncharacterize us and allowed us to keep 47 of ETAIR’s 52 employees employed, which today are to all intents
\nand purposes Acrobatic”:
\nAnna Marras (Member of EdiliziAcrobatica and Managing Director of all EDAC’s resources): “Our
\ncommitment to constantly grow and improve our employees and collaborators, which takes the form of
\nstudy paths designed and built on their needs, is once again confirmed as the key to our success. We have
\nnow crossed the finishing line of the 700 Acrobatic human resources and today, just like many years ago,
\nwe take care of them with the same care and dedication we had when EdiliziAcrobatica was little more
\nthan a dream come true”..[\/vc_column_text][vc_empty_space height=”22px”][vc_column_text]19- PRESS RELEASE – THE SHAREHOLDERS’ MEETING APPROVED THE FINANCIAL STATEMENTS AT 31 DECEMBER 2018 26.04.2019<\/a>[\/vc_column_text][vc_empty_space height=”22px”][vc_row_inner][vc_column_inner width=”1\/2″][vc_column_text]Deborah Dirani_Press Office
\nufficiostampa@ediliziacrobatica.com
\nwww.ediliziacrobatica.com
\nEdiliziAcrobatica SpA
\nGeneral Management
\nViale Brigate Partigiane 18\/2A
\n16129 Genoa (GE)
\nMob: +39 393 8911364[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_column_text]Nominated Adviser (Nomad)
\nBanca Profilo S.p.A.
\nediliziacrobatica@bancaprofilo.it
\n02584081
\nwww.bancaprofilo.it[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]\n","protected":false},"featured_media":0,"template":"","categorie_comunicati_stampa":[],"class_list":["post-1516120","investor-releases","type-investor-releases","status-publish"],"acf":[],"_links":{"self":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/investor-releases\/1516120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/investor-releases"}],"about":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/types\/investor-releases"}],"wp:attachment":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/media?parent=1516120"}],"wp:term":[{"taxonomy":"categorie_comunicati_stampa","embeddable":true,"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/categorie_comunicati_stampa?post=1516120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}