Operating Income of Reditus increase by 9.7% in the first nine months of 2012
- Operating Income of € 89.1 million (+ 9.7%)
- EBITDA of € 8.7 million (+ 84.0%)
- EBITDA margin of 9.8% (against 5.8%)
- Net Income of € 218 thousand (against €- 3.9 million)
- International Sales account for 36% of Turnover
1. Summary of Activity
The positive and sustained trend of the results of the Reditus Group during the first nine months of 2012 confirm the success of the strategy implemented in 2011, namely the simplification of structures, cost reduction and focus on the upselling of services and internationalisation.
International activity grew by 35.4% and currently represents 36% of total Turnover, compared to 29% over the same period of the previous year. In the domestic market, in spite of the adverse context, Reditus managed to maintain stable activity, with a slight reduction of 0.4%.
The Group's operating profitability improved significantly, reflecting the continuous focus on the efficiency of the national and international operations. The Group's EBITDA reached € 8.7 million, during the period of 9M12, an increase of 84.0% compared with the same period of the previous year, equivalent to an EBITDA margin of 9.8% (against 5.8% in the 9M11).
The Reditus Group continues its strong focus on the expansion of international activity, particularly in Central Europe, South America and Africa, and strengthening of its integrated offer with the development of new solutions.