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
|Net SALES||5.670.110|| |
|NET RESULT|| |
* 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 STATEMENT||PRO-FORMA *|
|(All amounts are in Euro)|
|Service costs and use of third party assets||(2.891.726)||(3.197.962)||-10%|
|TOTAL OPERATING COSTS||(5.181.972)||(5.145.230)||+1%|
|OPERATING INCOME – EBITDA||886.405||530.806||+67%|
|Amortization and impairment||(184.444)||(180.618)||+2%|
|Financial income (expenses)||(48.353)||(29.451)||+64%|
|Other non-operating income/expense||–||(1.346)||-100%|
|EARNINGS BEFORE TAXES||653.608||319.391||+105%|
|Total current and deferred income taxes||(144.225)||(80.433)||+79%|
|NET INCOME (LOSS) FOR THE YEAR||509.383||238.958||+113%|
|relating to the shareholders of the Group||533.461||245.472|
|relating to the third party shareholders||(24.078)||(6.514)|