[vc_row][vc_column][vc_column_text]THIS DOCUMENT MAY NOT BE PUBLISHED, DISTRIBUTED, USED, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, BY OR IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR ANY OTHER JURISDICTION
WHERE SUCH PUBLICATION, DISTRIBUTION AND/OR USE WOULD VIOLATE THE LAWS OF THAT
JURISDICTION.
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
the shares has not been and will not be subject to the approval of CONSOB or any other competent
authority in Italy or abroad in accordance with the applicable regulations. No prospectus or other
equivalent information document will be published in connection with the admission of the Company’s
shares to AIM Italia.
PRESS RELEASE
THE ASSEMBLY HAS APPROVED
THE FINANCIAL STATEMENTS AT 31 DECEMBER 2018
Genoa, 26 April 2019
The Shareholders’ Meeting of EdiliziAcrobatica S.p.A. (“Company” or “EDAC”), the company at the head of
the group of the same name, specialized in double safety rope construction work, 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 Euronext Growth (ALEAC ticker), met today in ordinary session at the
Company’s administrative offices in Genoa, viale Brigate Partigiane 18/2.
The Shareholders’ Meeting reviewed the Consolidated Financial Statements at 31 December 2018, the
main data of which are summarised below:
VALUE OF PRODUCTION, + 51% TO € 26.2 MILLION
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 INCOME + 109.4% TO € 2.2 MILLION
• 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 listing1;EBIT
at €3.7 million, +87.1% (Margin EBIT at 13.9%);
• Net profit €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 thanks to the capital increase to service the listing and the generation of cash
from ordinary operations.
The Shareholders’ Meeting then examined and approved the Financial Statements for the year ended 31
December 2018, the main figures of which are summarised below:
1 – Adjusted EBITDA has been shown net of the accounting effects of the listing since all costs relating to
the admission process on AIM have been capitalised, while the revenues relating to the tax credit deriving
from the listing have not been prudentially included in 2018. The latter, for its share, will be included as
from 2019 after the approval of the MISE which will decide in this sense 30 days after March 31, 2019.
• Production Value at €22.5 million, +56% YoY;
• EBITDA at €4.2 million, +113.9% (EBITDA Margin at 18.7%);
• EBIT at €3.6 million, +143.5% (EBIT Margin at 15.9%);
• Net Profit at €2.3 million, +181% (Net Profit Margin 10.1%);
• Positive Net Financial Position (NFP) (cash) of €1.7 million compared to negative NFP of €2.4 million
at 31 December 2017 thanks to the capital increase to service the listing and the cash generation
from ordinary operations.
The Shareholders’ Meeting resolved to allocate € 34,506 to the legal reserve and the remaining € 2,247,992
to be carried forward.
Riccardo Iovino, CEO and Founder of EdiliziAcrobatica, commented: “2018 was a very positive year for the
company which, on 19 November, entered the AIM segment of the Italian Stock Exchange and which,
thanks to its business model focused on the enhancement of human resources, consolidated and
strengthened growth in all the main indicators. 2019 opened in the same positive wake and saw us
engaged in the listing on Euronext Growth and in the acquisition of the French company ETAIR
Méditerranée, an operation that, once again, was conducted according to the ethical principles that
characterize us and allowed us to keep 47 of ETAIR’s 52 employees employed, which today are to all intents
and purposes Acrobatic”:
Anna Marras (Member of EdiliziAcrobatica and Managing Director of all EDAC’s resources): “Our
commitment to constantly grow and improve our employees and collaborators, which takes the form of
study paths designed and built on their needs, is once again confirmed as the key to our success. We have
now crossed the finishing line of the 700 Acrobatic human resources and today, just like many years ago,
we take care of them with the same care and dedication we had when EdiliziAcrobatica was little more
than a dream come true”..[/vc_column_text][vc_empty_space height=”22px”][vc_column_text]19- PRESS RELEASE – THE SHAREHOLDERS’ MEETING APPROVED THE FINANCIAL STATEMENTS AT 31 DECEMBER 2018 26.04.2019[/vc_column_text][vc_empty_space height=”22px”][vc_row_inner][vc_column_inner width=”1/2″][vc_column_text]Deborah Dirani_Press Office
ufficiostampa@ediliziacrobatica.com
www.ediliziacrobatica.com
EdiliziAcrobatica SpA
General Management
Viale Brigate Partigiane 18/2A
16129 Genoa (GE)
Mob: +39 393 8911364[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]Nominated Adviser (Nomad)
Banca Profilo S.p.A.
ediliziacrobatica@bancaprofilo.it
02584081
www.bancaprofilo.it[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]
Investor Relations