[vc_row][vc_column][vc_column_text]THIS DOCUMENT MAY NOT BE PUBLISHED, DISTRIBUTED, USED, IN WHOLE OR IN PART, DIRECTLY OR
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This document does not constitute an offer prospectus or an admission document. This document does not
constitute, and shall not be construed as, an offer to the public for subscription, purchase, sale, or
exchange, nor an invitation to make an offer for subscription, purchase, sale or exchange, of securities. This
document and the information contained herein have been prepared for information purposes only and
are in no way intended to constitute investment advice or a recommendation for investment in financial
instruments. Potential investors must not subscribe and/or purchase the financial instruments covered by
this document based on the information contained herein. There will be no offer of financial instruments to
the public either in Italy or in any other country. Any private placement of the Company’s shares will be
made in the context of the admission of the Company’s shares to AIM Italia, exclusively under the
exemption from the application of the laws and regulations on public offering and therefore the offer of
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shares to AIM Italia.
PRESS RELEASE_THE BOARD OF DIRECTORS HAS APPROVED THE DRAFT FINANCIAL STATEMENTS AT 31
DECEMBER 2018 AND CONSOLIDATED FINANCIAL STATEMENTS 2018
VALUE OF PRODUCTION, + 51% AT € 26.2M
EBITDA +76.7% TO € 4.4 MILLION:
ADJUSTED EBITDA +59.7% TO € 4.5 MILLION, EXCEEDING THE EBITDA TARGET (€ 4.2 MILLION) SET BY THE
PAS ACTION MECHANISM
NET PROFIT + 109.4% AT € 2.3M
• Production Value at €26.2 million, +51% YoY;
• EBITDA at €4.4 million, +76.7% (EBITDA Margin at 16.6%);
• Adjusted EBITDA at €4.5 million (Adj Margin EBITDA at 17.1%) above the EBITDA target of €4.2
million set by the PAS (Price Adjustment Share) mechanism established at the time of listing; EBIT
at €3.7 million, +87.1% (Margin EBIT at 13.9%);
• Net profit at €2.3 million, +109.4%;
• Positive Net Financial Position (NFP) (cash) of €2.1 million compared to negative NFP of €2.3 million
at 31 December 2017, mainly due to the capital increase made at the time of the listing, the
generation of cash from ordinary operations, net of investments.
Genoa, 28 March 2019 – The Board of Directors of EdiliziAcrobatica S.p.A. (“Company” or “EDAC”), a
company specialized in double safety rope construction works, such as maintenance and renovation of
buildings and other architectural structures, listed on the AIM Italia segment of the Italian Stock Exchange
(EDAC ticker) and on Euronext Growth (ALEAC ticker), met today under the chairmanship of Simonetta
Simoni and examined and approved the draft financial statements as at December 31, 2018, prepared in
accordance with the AIM Italia Issuers’ Regulations and in compliance with Italian accounting principles.
Riccardo Iovino, CEO and Founder of EDAC, commented: “2018 for us at EdiliziAcrobatica will be
remembered as the year of the turning point, i.e. the year in which the fruit of our work led to our listing on
the Stock Exchange on 19 November last. The figures in the financial statements approved by the Board of
Directors are the result of our strategy which, first and foremost, is based on the enhancement and growth
of our human resources. I am strongly convinced that no growth can, in fact, exist without a team in which
each member is committed to doing their part to the best of their ability: from the acrobatic technician to
the sales manager, all the employees and collaborators of EdiliziAcrobatica are responsible for a growth
that, in 2018, allowed us to reach a value of production of 26.2 million euros, equal to +51% and a net
profit that, compared to 2017, grew by 109.4%. But if 2018 was the year of the turning point in Italy, 2019,
which has just begun, will be the year of the international turning point for us with our opening on the
French market, which materialized just a few weeks ago with the acquisition of ETAIR – Entreprise de
Travaux Aériens et d’Interventions Rapides Méditerranée, a company specializing in double safety rope
renovation works based in Perpignan and, even before that, with the Dual Listing operation that led us, the
first in Italy, to also list on the Euronext Growth market, a pan-European stock exchange that includes the
Amsterdam, Brussels, Dublin, Lisbon and Paris stock exchanges. The road taken towards the
internationalization of our technology and business ethics has only just begun and we are already looking at
other possibilities for growth in other European countries as well, because the goal we have is ambitious
but absolutely within our reach: to revolutionize the construction sector in the world by making it
increasingly safe and reliable”.
Anna Marras, Member of EdiliziAcrobatica and Managing Director of all EDAC’s resources: “We believe in
our people, we believe in their potential and we constantly strive to make them emerge by training, with
dedicated self-improvement paths, each of them. Our ethics as entrepreneurs, and before that as human
beings, is what guides us so that no human resource is left on the sidelines, in a grey area but has access to
strategies to achieve its success and personal fulfilment. Part of the results of EdiliziAcrobatica are due to
the commitment that Riccardo Iovino and I are the first to make to support each and every one of our
collaborators towards their personal fulfilment and happiness. Because it is precisely the happiness of each
individual person that is the fuel that allows everyone to work to the maximum, not to the best but just to
the maximum, of their possibilities”.[/vc_column_text][vc_empty_space height=”22px”][vc_column_text]18- PRESS RELEASE – THE BOARD OF DIRECTORS APPROVED THE DRAFT FINANCIAL STATEMENTS AT 31 DECEMBER 2018 AND CONSOLIDATED FINANCIAL STATEMENTS 2018 28.03.2019[/vc_column_text][vc_empty_space height=”22px”][vc_column_text]Deborah Dirani
Press Office
ufficiostampa@ediliziacrobatica.com
www.ediliziacrobatica.com[/vc_column_text][/vc_column][/vc_row]
Investor Relations