{"id":1832039,"date":"2020-09-25T00:00:00","date_gmt":"2020-09-25T00:00:00","guid":{"rendered":"https:\/\/ediliziacrobatica.com\/comunicati-stampa\/press-release-the-board-of-directors-of-ediliziacrobatica-s-p-a-approved-the-half-yearly-financial-report-as-at-30-june-2020-and-reconfirmed-the-soundness-of-its-business-model\/"},"modified":"2020-09-25T00:00:00","modified_gmt":"2020-09-25T00:00:00","slug":"press-release-the-board-of-directors-of-ediliziacrobatica-s-p-a-approved-the-half-yearly-financial-report-as-at-30-june-2020-and-reconfirmed-the-soundness-of-its-business-model","status":"publish","type":"investor-releases","link":"https:\/\/ediliziacrobatica.com\/en\/comunicati-stampa\/press-release-the-board-of-directors-of-ediliziacrobatica-s-p-a-approved-the-half-yearly-financial-report-as-at-30-june-2020-and-reconfirmed-the-soundness-of-its-business-model\/","title":{"rendered":"PRESS RELEASE &#8211; The Board of Directors of EdiliziAcrobatica S.p.A. approved the half-yearly financial report as at 30 June 2020 and reconfirmed the soundness of its business model"},"content":{"rendered":"<div>\n<p>PRESS RELEASE<br \/>\nThe Board of Directors of EdiliziAcrobatica S.p.A. approved the half-yearly financial<br \/>\nreport as at 30 June 2020 and reconfirmed the soundness of its business model<br \/>\n&#8211; Value of production Euro 18.7 million<br \/>\n&#8211; EBITDA Euro 1.4 million<br \/>\n&#8211; EBIT Euro 0.4 million<br \/>\nGenoa, 25 September 2020 &#8211; EdiliziAcrobatica S.p.A. (&#8220;Company&#8221; or &#8220;EDAC&#8221;), the<br \/>\ncompany at the head of the Group of the same name, specialized in outdoor<br \/>\nmaintenance and renovation of residential buildings and architectural structures<br \/>\nthrough the double rope safety tool, listed on the AIM Italia segment of the Italian<br \/>\nStock Exchange (EDAC ticker) and Euronext Growth (ALEAC ticker), announces that the<br \/>\nBoard of Directors, which met today, approved the consolidated half-yearly report as at<br \/>\n30 June 2020 which confirms, despite the difficulties of the global economy due to the<br \/>\npandemic caused by the COVID-19 and the months of lockdown, a solid economic and<br \/>\nfinancial resilience, which was also recently confirmed by the issue of the bond issue as<br \/>\npart of the Elite &#8211; Intesa Sanpaolo Basket Bond operation.<br \/>\nThe first half of 2020 closed with a Production Value of about Euro 18.7 million, slightly<br \/>\ndown compared to the first half of 2019 (equal to about Euro 19.5 million). It should be<br \/>\nnoted that the result at 30 June 2020 was achieved based on an effective working<br \/>\nperiod of about 4 months (due to the lockdown), significantly reduced compared to the<br \/>\n6 months of ordinary operations in 2019.<\/p>\n<p>Revenues from sales and services at 30 June 2020 amounted to approximately \u20ac 17.6<br \/>\nmillion, a slight decrease compared to 2019 (approximately \u20ac 18 million), also mainly<br \/>\ndue to the blockage of activities following the spread of the COVID-19 pandemic.<br \/>\nDuring the period of reference, there was a reduction in the average order from \u20ac 4,643<br \/>\nto \u20ac 2,700, with a consequent increase in the number of active clients compared to the<br \/>\nsame period of the previous year.<br \/>\nEBITDA for the first half of 2020 reached approximately Euro 1.4 million, down 43.7%<br \/>\ncompared to approximately Euro 2.4 million in the first half of 2019.<br \/>\nEBIT at 30 June 2020 amounted to approximately Euro 0.4 million, down 70% compared<br \/>\nto approximately Euro 1.5 million in the first half of 2019.<br \/>\nThe Net Financial Position in the first half of the year is equal to 4.2 million Euros.<br \/>\n&#8220;The group&#8217;s ability to react and adapt to the difficult and unknown crisis situation<br \/>\ncaused by the Covid 19 pandemic &#8211; commented Riccardo Iovino CEO and founder of<br \/>\nEdiliziAcrobatica &#8211; was extraordinary and I am really proud of the work done by all the<br \/>\npeople who make up the company. Even during the more than two months of<br \/>\nlockdown, even with the complete closure of construction sites, we never actually<br \/>\nstopped, and we were able to inaugurate a new line of business dedicated to the<br \/>\nsanitization sector in record time.<br \/>\nIn addition, the Group, with the aim of solving a contingent problem created by the<br \/>\npandemic, has created the first APP that allows administrators and condominiums to<br \/>\norganise and take part in remote condominium meetings, already downloaded from<br \/>\nseveral thousand users.<br \/>\nI would also like to point out that if we had had the opportunity to work at full capacity<br \/>\nas in previous years, also in view of the excellent turnover recorded on a monthly basis<br \/>\nin the active period, we would have reasonably achieved growth in line with the<br \/>\nprevious period.<br \/>\nAt the same time, the company, in response to the problem, worked hard through its<br \/>\nHuman Resources area, selecting and inserting new managers, who allowed the<br \/>\nopening of new direct operating offices in Lyon and Marseille, reaching as many as 8<br \/>\ndirect operating offices in France ready to conquer the territory.<br \/>\nWe have shown, as a Group, a capacity for adaptation and resilience such as to induce<br \/>\nthe first Italian banking group, Intesa Sanpaolo, to believe in our international growth<br \/>\nproject by supporting us with the issue of a 10 million euro bond last July. What we<br \/>\nhave experienced, therefore, has not only not bent us, but has once again allowed us to<br \/>\ndemonstrate our ability to look beyond the obstacles of the present to transform them<br \/>\ninto the opportunities of the future. EdiliziAcrobatica confirms itself as a solid and<br \/>\nreliable entrepreneurial reality, far-sighted and determined to pursue the goal that it<br \/>\nhas always declared and that it reconfirms today: to revolutionize the world of<br \/>\nconstruction by making it safer and more effective&#8221;.<\/p>\n<\/div>\n<p><a href=\"https:\/\/ediliziacrobatica.com\/app\/uploads\/2020\/10\/47-PRESS-RELEASE-The-Board-of-Directors-of-EdiliziAcrobatica-S.p.A.-approved-the-half-yearly-financial-report-as-at-30-June-2020-and-reconfirmed-the-soundness-of-its-business-model-25.09.2020.pdf\">47- PRESS RELEASE &#8211; The Board of Directors of EdiliziAcrobatica S.p.A. approved the half-yearly financial report as at 30 June 2020 and reconfirmed the soundness of its business model 25.09.2020<\/a><\/p>\n<div>\n<div>\n<div>\n<div>\n<div dir=\"auto\">\n<div>Deborah Dirani<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<div>\n<div>\n<div dir=\"auto\">\n<div>Ufficio Stampa<br \/>\n<a href=\"mailto:ufficiostampa@ediliziacrobatica.com\" target=\"_blank\" rel=\"noopener noreferrer\">ufficiostampa@<wbr \/>ediliziacrobatica.com<\/a><br \/>\n<a href=\"http:\/\/www.ediliziacrobatica.com\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/www.ediliziacrobatica.com&amp;source=gmail&amp;ust=1553866368314000&amp;usg=AFQjCNFbfAPFV8Yk7J09znU-7_i_aJG0tA\">www.ediliziacrobatica.com<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div><img decoding=\"async\" class=\"CToWUd\" src=\"https:\/\/mail.google.com\/mail\/u\/0?ui=2&amp;ik=b05791131f&amp;attid=0.0.1&amp;permmsgid=msg-f:1629248325371314878&amp;th=169c40b844a842be&amp;view=fimg&amp;sz=s0-l75-ft&amp;attbid=ANGjdJ9U8sKFW_121qKG4mYXtvlzx2ziKOPQ-MCEiCpIrTr9cGZANCcgetnYGz5webR-l4KnIXGNAt9NSBlFnCJQ-AydeggceMymrAH0Fn2-m4c4UoilSHGRiw71fck&amp;disp=emb\" data-image-whitelisted=\"\" \/><\/div>\n<div>\n<div>\n<div>\n<div>\n<p>EdiliziAcrobatica SpA<br \/>\nDirezione Generale<br \/>\nViale Brigate Partigiane 18\/2A<br \/>\n16129 Genova (GE)<br \/>\nMob: +39 393 8911364<\/p>\n<\/div>\n<div class=\"yj6qo\"><\/div>\n<div class=\"adL\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"featured_media":0,"template":"","class_list":["post-1832039","investor-releases","type-investor-releases","status-publish"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PRESS RELEASE - The Board of Directors of EdiliziAcrobatica S.p.A. approved the half-yearly financial report as at 30 June 2020 and reconfirmed the soundness of its business model - EdiliziAcrobatica<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PRESS RELEASE - The Board of Directors of EdiliziAcrobatica S.p.A. approved the half-yearly 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