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Published bySilvia Wade Modified over 7 years ago
Fiera Milano “3rd Quarter 2005 Financial Results” www.fieramilano.it Conference Call - May 13 th, 2005
1 Disclaimer This document has been prepared by Fiera Milano S.p.A. solely for information purposes and for use in presentations of the Group. The information contained herein has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. None of the company, its advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document. This document includes forward-looking statements. These forward-looking statements express current expectations and projections about future events, and are subject to a number of factors that may influence the accuracy of the statements and the projections upon which the statements are based. Prospective investors are cautioned not to place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in many cases, beyond our control. In light of these risks, uncertainties, and assumptions, the forward-looking events discussed in this document might not occur. Moreover, any statements regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. This document does not constitute an offer or invitation to purchase or subscribe for any shares and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.
Section 1 Financial Highlights (3Q05)
3 3Q05 Results - Highlights Group sales at € 83.5 mn. vs. € 104. 2 mn. in 3Q04 Ebitda at € 19.5 mn. vs. € 37.5 mn. in 3Q04 Ebit at € 12.4 mn. vs. € 31.7 mn. in 3Q04 Group PBT after minorities at € 9.7 mn. vs € 18.4 mn. in 3Q04 Financial Highlights (3Q05) Figures down year on year mainly because of the absence in odd- numbered years of the major biennial Mostra Convegno Expocomfort exhibition, directly organised by the Group
4 3Q05 Consolidated Figures FY ends June 30 th Financial Highlights (3Q05)
5 3Q05 Financial Breakdown FY ends June 30 th Financial Highlights (3Q05)
Section 2 Financial Highlights (9M05)
7 9M05 Consolidated Figures FY ends June 30 th Financial Highlights (9M05)
8 9M05 Financial Breakdown FY ends June 30 th Financial Highlights (9M05)
9 Consolidated Balance Sheet FY ends June 30 th Financial Highlights (9M05)
10 Net Financial Position FY ends June 30 th Financial Highlights (9M05)
Section 3 Main events occurred in 3Q05
12 Main events occurred in 3Q05 January 2005: acquisition of 60% of TL.TI Expo SpA (transportation, logistics and ICT sectors) February - March 2005: Fiera Milano Tech SpA signed agreements concerning management of the biennial Rich Mac exhibitions (chemical sector) March 2005: Fiera Milano Congressi signed a new rental agreement with the Foundation for Pavilion 17 March 2005: the Onama Group signed a 9-year agreement for the management of part of the catering activity at the new Rho-Pero exhibition site and paid an entry fee of € 1.3 mn March 2005: € 19.2 mn paid to the Foundation for its 50% interest in Fiera Milano Exhibitions (FME). FME was then merged by incorporation in Fiera Milano SpA on May 12th 2005, after the end of the quarter Main events occurred in 3Q05
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