Milan, 11 April 2018. DHH S.p.A. (DHH.MI | WDHH21.MI) (ISIN shares IT0005203622 | ISIN warrants IT0005203689), a tech company whose mission is to create the “Internet Platform of the Emerging markets of Europe,” today highlights the group consolidated pro-forma results 2017.

CONSOLIDATED pro-forma RESULTS in 2017*

 

MAIN RESULTS 2017
(All amounts are in EURO)

 

PRO-FORMA

 

CONSOLIDATED

 

Delta

Net SALES5.670.110 

5.289.151

+7%
EBITDA886.405 

530.806

+67%
NET RESULT 

509.383

238.958+113%

* Pro-forma is not audited, but the methodology to calculate the pro-forma results has been checked by the auditor.

The consolidated pro-forma p&l includes the full results of the acquisitions made during the year, while the officially consolidated p&l comprises only the pro-quota results after the acquisition date of the new companies.

Furthermore, all direct and indirect costs related to being a company publicly listed on the Italian Stock Exchange have been deleted in the pro-forma consolidated p&l, together with all direct and indirect expenses related to M&A and extraordinary activities.

Giandomenico Sica, Chairman of the Board of Directors of DHH, commented: “Since DHH is a small publicly listed group, the costs related to the Stock Exchange and the ones connected to M&A and extraordinary activities impact in a significant way on our margins. This is why we believe it is important, to compare DHH to its private peers, which are not listed and don’t afford this kind of costs, to have a clear representation of our results”.

CONSOLIDATED PRO-FORMA  INCOME STATEMENTPRO-FORMA *

31.12.2017

CONSOLIDATED

31.12.2017

DELTA 
(All amounts are in Euro)
Net Sales5.670.1105.289.151+7%
Other Revenues80.19168.809+17%
Internal project318.076318.076+0%
OPERATING REVENUES6.068.3775.676.037+7%
Material costs(37.039)(26.413)+40%
Service costs and use of third party assets(2.891.726)(3.197.962)-10%
Personnel costs(2.046.266)(1.732.443)+18%
Other expenses(206.941)(188.414)+10%
TOTAL OPERATING COSTS(5.181.972)(5.145.230)+1%
OPERATING INCOME  – EBITDA886.405530.806+67%
Amortization and impairment(184.444)(180.618)+2%
EBIT 701.961350.189+100%
Financial income (expenses)(48.353)(29.451)+64%
Other non-operating income/expense(1.346)-100%
EARNINGS BEFORE TAXES653.608319.391+105%
Total current and deferred income taxes(144.225)(80.433)+79%
NET INCOME (LOSS) FOR THE YEAR509.383238.958+113%
OF WHICH:   
relating to the shareholders of the Group533.461245.472
relating to the third party shareholders(24.078)(6.514)

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