{"id":1516135,"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-board-of-directors-approved-the-draft-financial-statements-at-31-december-2019-and-consolidated-financial-statements-2019-27-03-2020\/"},"modified":"2020-11-05T00:00:00","modified_gmt":"2020-11-05T00:00:00","slug":"press-release-the-board-of-directors-approved-the-draft-financial-statements-at-31-december-2019-and-consolidated-financial-statements-2019-27-03-2020","status":"publish","type":"investor-releases","link":"https:\/\/acrobaticagroup.com\/en\/investor-releases\/press-release-the-board-of-directors-approved-the-draft-financial-statements-at-31-december-2019-and-consolidated-financial-statements-2019-27-03-2020\/","title":{"rendered":"PRESS RELEASE &#8211; THE BOARD OF DIRECTORS APPROVED THE DRAFT FINANCIAL STATEMENTS AT 31 DECEMBER 2019 AND CONSOLIDATED FINANCIAL STATEMENTS 2019 27.03.2020"},"content":{"rendered":"[vc_row][vc_column][vc_column_text]THIS DOCUMENT MAY NOT BE PUBLISHED, DISTRIBUTED, USED, IN WHOLE OR IN PART, DIRECTLY OR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. This<br \/>\ndocument and the information contained herein have been prepared for information purposes only and<br \/>\nare in no way intended to constitute investment advice or a recommendation for investment in financial<br \/>\ninstruments. Potential investors must not subscribe and\/or purchase the financial instruments covered by<br \/>\nthis document on the basis of 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 \/>\nTHE BOARD OF DIRECTORS HAS APPROVED<br \/>\nTHE DRAFT FINANCIAL STATEMENTS AT 31 DECEMBER 2019 AND CONSOLIDATED FINANCIAL<br \/>\nSTATEMENTS 2019<br \/>\nVALUE OF PRODUCTION, + 59.3% AT \u20ac 41.8M<br \/>\nEBITDA AT \u20ac 4.2M<br \/>\nNET PROFIT AT \u20ac 1M<br \/>\n\u2022 Production Value at \u20ac 41.8 million, +59.3 YoY;<br \/>\n\u2022 EBITDA at \u20ac 4.2 million (EBITDA Margin at 10.1%);<br \/>\n\u2022 EBIT at \u20ac 2.3 million (EBIT Margin at 5.6%);<br \/>\n\u2022 Net profit at \u20ac 1 million;<br \/>\n\u2022 Negative Net Financial Position (NFP) (debt) of \u20ac 2.6 Million<br \/>\nGenoa, 27 March 2020 &#8211; The Board of Directors of EdiliziAcrobatica S.p.A. (&#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 under the chairmanship of Simonetta<br \/>\nSimoni and examined and approved the draft financial statements as at December 31, 2019, prepared in<br \/>\naccordance with the AIM Italia Issuers&#8217; Regulations and in compliance with Italian accounting principles.<br \/>\nRiccardo Iovino, CEO and Founder of EDAC, commented: &#8220;2019 was a year of great growth for<br \/>\nEdiliziAcrobatica: a year that saw us, the first Italian company in our sector, give birth to the Dual Listing of<br \/>\nour share, listed since February also on the European Capital Market, Euronext Growth, traded in Paris.<br \/>\nFrance, in general, is then the country where we have concentrated our efforts of internationalization with<br \/>\nour opening of the first operational headquarters of EdiliziAcrobatica France in Perpignan, following the<br \/>\nacquisition of ETAIR &#8211; Entreprise de Travaux A\u00e9riens et d&#8217;Interventions Rapides M\u00e9diterran\u00e9e, a company<br \/>\nspecialized in renovation works with double safety rope. Shortly after this first opening, we started the<br \/>\nselection of commercial technicians in other cities of the Midi (Nice, Marseille and Toulouse), which were<br \/>\nquickly put into full operational conditions. Our internationalization project is not stopping, and this year<br \/>\nwe are working to expand our technique in other cities in France and Spain.<br \/>\nComing at the present time of serious difficulties for the country, due to the Coronavirus pandemic, as<br \/>\nEdiliziAcrobatica we have put all our strength and determination to continue to be operational and<br \/>\nproductive. We have therefore immediately started the procedures for the opening of a service dedicated<br \/>\nto environmental sanitation, responding to the pressing demands of our customers, investing in the<br \/>\nacquisition of machinery, detergents, and safety devices for personnel.<br \/>\nI have always considered the difficulties I have encountered as an entrepreneur, as a stimulus to grow and<br \/>\nrenew the company: as an essential run-up to make a wider leap into the future. Today, EdiliziAcrobatica is,<br \/>\nonce again, intercepting the needs of the market to meet them efficiently and quickly.<br \/>\nThe responsibility that I feel as an entrepreneur, towards my employees and collaborators and their<br \/>\nfamilies, towards investors, as well as towards my country, is an ethical principle that has guided me since I<br \/>\ncreated EdiliziAcrobatica and from which I do not intend to escape even now. EdiliziAcrobatica will continue<br \/>\nto grow in this complex 2020, seizing every challenge with the determination to win it&#8221;.<br \/>\nAnna Marras, Member of EdiliziAcrobatica and Managing Director of all EDAC resources: &#8220;In 2019<br \/>\nEdiliziAcrobatica employed 800 human resources, including employees and collaborators. 800 people that<br \/>\nwe are committed to constantly training to support them in a path of growth, not only professional, but<br \/>\nhuman. Our philosophy, the entrepreneurial ethics that distinguishes us, is based on the inclusion and<br \/>\nsupport of each of the people who make up our Group. The figures, income statement, turnover and<br \/>\ngrowth that distinguished 2019 are the result of a humanistic, albeit financial, strategy. Our strength, the<br \/>\nmost precious resource of EdiliziAcrobatica, are the men and women who make it up and who work every<br \/>\nday sharing a Group objective: to always grow, because for us it is unthinkable to stand still and be pleased<br \/>\nwith the results achieved. Each one of us feels personally involved, as a unique and irreplaceable human<br \/>\nbeing, in the shared project of making our Acrobatic technology the most widespread building technology<br \/>\nin the world&#8221;.[\/vc_column_text][vc_empty_space height=&#8221;22px&#8221;][vc_column_text]<a href=\"https:\/\/ediliziacrobatica.com\/app\/uploads\/2020\/11\/34-PRESS-RELEASE-THE-BOARD-OF-DIRECTORS-APPROVED-THE-DRAFT-FINANCIAL-STATEMENTS-AT-31-DECEMBER-2019-AND-CONSOLIDATED-FINANCIAL-STATEMENTS-2019-27.03.2020.pdf\" target=\"_blank\" rel=\"noopener\">34- PRESS RELEASE &#8211; THE BOARD OF DIRECTORS APPROVED THE DRAFT FINANCIAL STATEMENTS AT 31 DECEMBER 2019 AND CONSOLIDATED FINANCIAL STATEMENTS 2019 27.03.2020<\/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 General<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-1516135","investor-releases","type-investor-releases","status-publish"],"acf":[],"_links":{"self":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/investor-releases\/1516135","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=1516135"}],"wp:term":[{"taxonomy":"categorie_comunicati_stampa","embeddable":true,"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/categorie_comunicati_stampa?post=1516135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}