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Excellent third quarter for Datalogic, ready to go shopping

The multinational from Bologna marks another record: revenues grew by 6,6% and net profit almost tripled. It's the best quarter ever. Now the managing director Mauro Borse is thinking of "a phase of expansion, also through external lines".

Excellent third quarter for Datalogic, ready to go shopping

Revenues at 107,1 million (+6,6%), compared to 100,4 million in the third quarter of 2010; Ebitda at 16,8 million (+30,2%) from 12,9 million euros in the third quarter of 2010; Ebitda margin to 15,7% from 12,9%; net profit of 9,4 million against 3,2 million: these are the results of third quarter 2011, “the best ever”, of Datalogic, the multinational from Bologna, listed in the Star segment and market leader in barcode readers. A positive phase that closes 9 months marked by growth on the markets, Italy (+11%) and Europe (+8%) included, as well as North America (+10%) and South America (+11%).

An ideal setting for shopping, outside the continental borders, as reiterated by the managing director Mauro Borse: "ten consecutive quarters of growth confirm the Group's ability to face the challenges of the market and to be able think about an expansion phase, even through external lines”.

In the first nine months revenues therefore went to 317,3 million (+9%), compared to 291,2 million in the first nine months of 2010, Ebitda to 48,6 million (+25,1%), the net profit of 17,2 million against 14,5 million euros, "despite 9,1 million euros of extraordinary expenses, relating to the new Supply Chain of the Automatic Data Capture (ADC) segment, expensed in the period". In other words, despite the expenses for the new operational logistics chain largely moved from Treviso to Vietnam. The negative consolidated net financial position decreased to 70,8 million Euros compared to 76,5 million Euros as at 31 December 2010.

Among the significant events after the end of the third quarter, Datalogic reports "a placement operation of n. 2.000.000 treasury shares, corresponding to approximately 3,4% of the share capital, through an Accelerated Bookbuilding procedure aimed exclusively at institutional investors” and implemented on 20 October.

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