{"id":1516133,"date":"2020-11-05T00:00:00","date_gmt":"2020-11-05T00:00:00","guid":{"rendered":"http:\/\/54.217.56.244\/investor-releases\/press-release-ediliziacrobatica-s-p-a-revenues-from-sale-and-performance-2019-revenue-of-over-56-to-392-million-euro-18-02-2020\/"},"modified":"2020-11-05T00:00:00","modified_gmt":"2020-11-05T00:00:00","slug":"press-release-ediliziacrobatica-s-p-a-revenues-from-sale-and-performance-2019-revenue-of-over-56-to-392-million-euro-18-02-2020","status":"publish","type":"investor-releases","link":"https:\/\/acrobaticagroup.com\/en\/investor-releases\/press-release-ediliziacrobatica-s-p-a-revenues-from-sale-and-performance-2019-revenue-of-over-56-to-392-million-euro-18-02-2020\/","title":{"rendered":"PRESS RELEASE &#8211; EdiliziAcrobatica S.p.A. REVENUES FROM SALE AND PERFORMANCE 2019 REVENUE OF OVER 56% TO 39,2 MILLION EURO 18.02.2020"},"content":{"rendered":"[vc_row][vc_column][vc_column_text]THIS DOCUMENT MAY NOT BE PUBLISHED, DISTRIBUTED, USED, IN WHOLE OR IN PART, DIRECTLY OR<br \/>\nINDIRECTLY, BY OR IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR ANY OTHER JURISDICTION<br \/>\nWHERE SUCH PUBLICATION, DISTRIBUTION AND\/OR USE WOULD VIOLATE THE LAWS OF THAT<br \/>\nJURISDICTION.<br \/>\nThis document does not constitute an offer prospectus or an admission document. This document does not<br \/>\nconstitute, and shall not be construed as, an offer to the public for subscription, purchase, sale, or<br \/>\nexchange, nor an invitation to make an offer for subscription, purchase, sale, or exchange, of securities.<br \/>\nThis document and the information contained herein have been prepared for information purposes only<br \/>\nand are in no way intended to constitute investment advice or a recommendation for investment in<br \/>\nfinancial instruments. Potential investors must not subscribe and\/or purchase the financial instruments<br \/>\ncovered by this document based on the information contained herein. There will be no offer of financial<br \/>\ninstruments to the public either in Italy or in any other country. Any private placement of the Company&#8217;s<br \/>\nshares will be made in the context of the admission of the Company&#8217;s shares to AIM Italia, exclusively under<br \/>\nthe exemption from the application of the laws and regulations on public offering and therefore the offer<br \/>\nof the shares has not been and will not be subject to the approval of CONSOB or any other competent<br \/>\nauthority in Italy or abroad in accordance with the applicable regulations. No prospectus or other<br \/>\nequivalent information document will be published in connection with the admission of the Company&#8217;s<br \/>\nshares to AIM Italia.<br \/>\nPRESS RELEASE<br \/>\nREVENUES FROM SALES AND SERVICES 2019 GROW<br \/>\nBY MORE THAN 56% TO 39.2 MILLION EUROS<br \/>\nGenoa, 18 February 2020 &#8211; The Board of Directors of EdiliziAcrobatica S.p.A. (the &#8220;Company&#8221; or &#8220;EDAC&#8221;), a<br \/>\ncompany specialized in double safety rope construction works, such as maintenance and renovation of<br \/>\nbuildings and other architectural structures, listed on the AIM Italia segment of the Italian Stock Exchange<br \/>\n(EDAC ticker) and on Euronext Growth (ALEAC ticker), met today and examined the value of revenues as of<br \/>\nDecember 31, 2019 of the EdiliziAcrobatica Group (which also includes the company under French law<br \/>\nEdiliziAcrobatica France s. a.s.), not yet audited, which is equal to approximately Euro 39.2 million, up by<br \/>\nmore than 56 % compared to the value of 2018, equal to approximately Euro 25 million.<br \/>\nIn Italy, the number of direct operating offices at 31 December 2019 reached 45, with an increase of 1 unit<br \/>\ncompared to 44 at 30 June 2019 and an increase of 6 units compared to 39 at 31 December 2018. In Italy,<br \/>\nthe number of franchised operating offices as at 31 December 2019 reached 33, with the same number of<br \/>\nunits as at 30 June 2019 and an increase of 2 units compared to the 31 registered as at 31 December 2018.<br \/>\nDuring 2019, the first acquisition was completed in France, which, following a thorough restructuring<br \/>\nnecessary to implement the Company&#8217;s characteristic know-how, allowed the first two operating offices to<br \/>\nbe successfully set up in Nice and Toulouse.<br \/>\nIn 2019, the value of sales (1) of the direct operating offices amounted to approximately Euro 43.9 million<br \/>\n(of which Euro 3.5 million attributable to EdiliziAcrobatica France), an increase of 41.6% compared to Euro<br \/>\n31 million in December 2018. The value of sales including franchised operating offices recorded in<br \/>\nDecember 2019 amounted to approximately Euro 58.2 million compared to Euro 43.9 million in December<br \/>\n2018, an increase of 32.6%.<br \/>\nRiccardo Iovino, founder and CEO of EDAC, commented: &#8220;Pending the final results of the 2019 financial<br \/>\nstatements, I am extremely satisfied with the operating results achieved, for which I thank our managers<br \/>\nand employees.<br \/>\n(1) The value of sales is calculated as the total value of contracts signed by customers.[\/vc_column_text][vc_empty_space height=&#8221;22px&#8221;][vc_column_text]<a href=\"https:\/\/ediliziacrobatica.com\/app\/uploads\/2020\/11\/32-PRESS-RELEASE-EdiliziAcrobatica-S.p.A.-REVENUES-FROM-SALE-AND-PERFORMANCE-2019-REVENUE-OF-OVER-56-TO-392-MILLION-EURO-18.02.2020.pdf\" target=\"_blank\" rel=\"noopener\">32- PRESS RELEASE &#8211; EdiliziAcrobatica S.p.A. REVENUES FROM SALE AND PERFORMANCE 2019 REVENUE OF OVER 56% TO 39,2 MILLION EURO 18.02.2020<\/a>[\/vc_column_text][vc_empty_space height=&#8221;22px&#8221;][vc_column_text]Deborah Dirani<br \/>\nPress Office<br \/>\nufficiostampa@ediliziacrobatica.com<br \/>\nwww.ediliziacrobatica.com<\/p>\n<p>EdiliziAcrobatica SpA<br \/>\nDirectorate Generale<br \/>\nViale Brigate Partigiane 18\/2A<br \/>\n16129 Genova (GE)<br \/>\nMob: +39 393 8911364[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"featured_media":0,"template":"","categorie_comunicati_stampa":[],"class_list":["post-1516133","investor-releases","type-investor-releases","status-publish"],"acf":[],"_links":{"self":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/investor-releases\/1516133","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=1516133"}],"wp:term":[{"taxonomy":"categorie_comunicati_stampa","embeddable":true,"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/categorie_comunicati_stampa?post=1516133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}