Market Overview

Reply S.p.A: The Board of Directors Approves the Half-Year Financial Report as of 30 June 2018


All economic indicators have improved:

  • Consolidated turnover of €498.1 million (€441.6 in H1 2017).
  • EBITDA of €68.3 million (€61.7 in H1 2017).
  • EBIT of €62.1 million (€57.0 in H1 2017).

Pre-tax profit of €64.2 million (€53.5 in H1 2017).

Today, the Board of Directors of Reply S.p.A. [MTA, STAR: REY] approved
the results as at 30 June 2018.

Since the start of the year, the Group has recorded a consolidated
turnover of €498.1 million, which is an increase of 12.8% compared to
the same period in 2017.

In the first half of 2018, increased profit margins have also been
recorded, with consolidated EBITDA of €68.3 million (+10.7%) and EBIT
for the period of €62.1 million (+9.0%). Pre-tax profit amounted to
€64.2 million, which represents an increase of 20.1% compared to 2017.

For the second quarter of the year, the Group's performance is equally
positive, with consolidated turnover for the period of €259.2 million,
which is an increase of 11.1% compared to 2017.

EBITDA, from April to June 2018, amounted to €36.1 million, with EBIT of
€33.4 million and pre-tax profit of €35.9 million.

As at 30 June 2018, the Group's net financial position was positive for
€50.2 million (€124.0 as at 31 March 2018). At 30 June 2017, the
financial position has been positive for €35.3 million.

"In the first six months of 2018 - Mario Rizzante, Chairman of Reply,
said at the end of the Board meeting -, Reply was able to achieve very
positive results in terms of turnover and profit margins. In particular,
the second quarter was noted for substantial growth, and this will
enable us to look ahead with optimism over the upcoming months and
continue to grow in line with the Group's development path."

Mario Rizzante continued: "Reply's strength is its ability to interpret
innovation by making it functional to businesses' requirements. Today,
the new frontier is represented by the emergence of Artificial
Intelligence, data analysis and the robotisation of processes,
technologies that all industrial sectors are introducing and on which
Reply is significantly investing, in specific solutions and expertise,
to help businesses deal with the most substantial transformation over
the next few years."

The manager responsible for preparing the company's financial
reports, Dr Giuseppe Veneziano, states in accordance with Paragraph 2 of
Article 154-bis of the Consolidated Finance Act, that the accounting
information contained in this press release corresponds to the company's
records, ledgers and accounting entries.

Reply [MTA, STAR: REY] specialises in the design and
implementation of solutions based on new communication channels and
digital media. Reply is a network of highly specialised companies
supporting key European industrial groups operating in the telecom and
media, industry and services, banking, insurance and public
administration sectors in the definition and development of business
models enabled for the new paradigms of big data, cloud computing,
digital media and the Internet of Things. Reply services include:
Consulting, System Integration and Digital Services.

This press release is a translation, the Italian version will prevail.

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