Milan, 5 August 2015 – The Board of Directors of Sirti S.p.A., chaired by Angelo Miglietta, approved the operating figures as at 30 June 2015. The results from the half confirmed that the re-launch of the company was progressing in accordance with the goals set out in the business plan, as already seen in the financial statements for the year ended on 31 December 2014.
- Purchases: Purchase were up +15% for the half compared to the same period of the previous year, resulting in a further strengthening of the consolidated order portfolio, which had already increased +6.5% during 2014.
- Revenues: Production volumes in Italy are up +7% compared to the same half in 2014, continuing the growth trends recorded in the previous two years.
- EBITDA: The consolidated EBITDA before “non-recurring” expenses is in line with the budget and is expected to be up by about 10% on 2014.
- Net profit: In the half revenue growth along with careful cost management allowed the company to break-even on an operational basis for the first time in a number of years.
The telecommunications market: revenues increased by +8% while purchases were up +7% compared to June 2014. Overall, the short and medium term outlook for business with telecommunication operators on the Italian market can be deemed positive in terms of volume growth. This outlook is supported by an increase in investments to build ultra-broadband fixed networks; the government considers this to be a priority to achieve the goals of the Digital Agenda for Europe.
Sirti has also been strategically repositioning itself on this market for the past few years, focusing on providing integrated services and management of customer processes using the end-to-end principle, especially with respect to the development and maintenance of the mobile networks.