Net Income of Reditus increased by 4.4% in the 1st semester of 2013
- Operating Income of 56.2 million euros (-7.4%)
- EBITDA of 5.1 million euros (-12.1%)
- EBITDA Margin of 9.1% (against 9.6%)
- Net Income of 260 thousand euros (against 249 thousand euros)
- International Sales represent 30% of Revenue
1. Summary of Activity
During the first semester of 2013 (1S13), the Group's Operating Income reached 56.2 million euros, corresponding to a decline of 7.4% year-on-year. EBITDA stood at 5.1 million euros, representing a decrease of 12.1% compared to the previous semester. This evolution is primarily related to the delay in the development of projects in the African market, which in the first semester of 2012 (1S12) were very expressive, and the same behaviour was not observed in this interim period.
It should be noted that in the 2nd quarter of 2013, EBITDA continued the positive trend of the 1st quarter, having reached in these three months 3.0 million euros, a 38.4% increase compared to 2.1 million euros in the previous quarter.
Domestic operations increased by 2.5% year-on-year, a remarkable performance given the generally adverse context.
So as to ensure business continuity and development, international expansion continues to be the Group's priority, with new branches having been inaugurated during 1S13 in the Asian and African markets.