Earnings Release • Apr 30, 2015
Earnings Release
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| Informazione Regolamentata n. 0260-31-2015 |
Data/Ora Ricezione 30 Aprile 2015 18:39:28 |
MTA | |
|---|---|---|---|
| Societa' | : | TISCALI | |
| Identificativo Informazione Regolamentata |
: | 57491 | |
| Nome utilizzatore | : | TISCALIN01 - Nonnis | |
| Tipologia | : | IRCG 02 | |
| Data/Ora Ricezione | : | 30 Aprile 2015 18:39:28 | |
| Data/Ora Inizio Diffusione presunta |
: | 30 Aprile 2015 18:54:28 | |
| Oggetto | : | The Shareholders Ordinary Meeting of Tiscali has approved all items in the agenda |
|
| Testo del comunicato |
The Shareholders Ordinary Meeting of Tiscali has approved all items in the agenda
The Shareholders' Ordinary Meeting of Tiscali has approved all items in the agenda, in particular:
Cagliari, 30 April 2015
The Ordinary Shareholders' Meeting of Tiscali S.p.A., which met today in unique call in Cagliari, has approved all items in the agenda.
Approved the financial statements at 31 December 2014, which closed with consolidated revenues at EUR 212.8 million.
Confirmed the figures of the draft financial statements, approved by the Board of Directors' Meeting on 19 March 2015, as summarised in the following primary results:
Group revenues during 2014 came to EUR 212.8 million, down by 4.7% with respect to the balance of EUR 223.3 million recorded in 2013.
Investor Relations Gianluca Nonnis Ph. +39 070 46011 - [email protected]
Press Office Image Building Mara Baldessari – Simona Vecchies Ph: 02 89 01 13 00 – [email protected] Tiscali S.p.A. Sa Illetta 09122 Cagliari Italy
www.tiscali.it
During 2014, internet access and voice services – the Group's core business – represented around 79.% of turnover. The Gross Operating Result before provisions came to EUR 49.1 million, down (-26.8% YoY) with respect to the figure reported at the end of 2013 equal to EUR 67 million.
At the end of 2014, the number of ADSL customers came to 481.3 thousand (-16.9 thousand YoY), of which over 353.6 thousand are direct customers (LLU). As far as the component of revenues from mobile services is concerned, it was up by 125,8% YoY, with an increase rate in the customer base of active SIMs of about 140% YoY and a figure of 92 thousand mobile clients.
The operating result (EBIT) for 2014, net of provisions, write-downs and restructuring costs, was a loss of EUR 0.3 million, with respect to the same figure in the previous year which was positive for EUR 9.2 million.
The Group's net result for 2014 was a loss of EUR 16.4 million, with respect to the comparable negative figure of EUR 4.7 million reported in 2013.
The investments relating to the maintenance of the network and IT infrastructure, as well as the activation of new customers, amounted to EUR 20,8 million, down 16,1% with respect to the same figure in the previous year.
At 31 December 2014, the Tiscali Group held cash and cash equivalents totalling EUR 4.8 million, against a net financial debt, at the same date, of EUR 192.6 million (EUR 191.6 million as at 31 December 2013).
The Company declares, that in compliance with applicable laws and regulations, the Annual Financial Statements – including the annual report as at 31st December 2011, both for the Parent company Tiscali S.p.A. and for the Group and the respective audit reports - is made available to the public at the Company's head office and Tiscali's official website, investors' area (www.tiscali.it) and Borsa Italiana.
Under Article. 123 ter of the Consolidated Law on Finance, the Assembly expressed its positive opinion on the Remuneration Report prepared by the Company.
The Ordinary Meeting, having fixed in 5 the number of members of the Board of Directors, has appointed the candidates of the only list deposited by the Shareholder Renato Soru, under Article 11 of the Articles of Association.
The new Board of Directors of Tiscali S.p.A. is composed by: Renato Soru, Gabriele Racugno, Luca Scano, Assunta Brizio (Independent Director), Franco Grimaldi (Independent Director).
The Ordinary Meeting has also decided that the Directors of the Company will remain in charge for three years, until the date of the Shareholders' Meeting called to approve the financial statements relating to financial year 2017, and has approved the gross annual remuneration of each Director.
The curriculum of the Directors are available on the Company's website www.tiscali.it Investors section.
Tiscali shareholders' meeting has appointed the Statutory Board of Auditors, which will be in charge until the AGM called to approve the financial statements as at 31 December 2017, and has resolved upon their remuneration.
On the basis of the list presented by the Shareholder Renato Soru, the following Statutory Auditors have been appointed: Paolo Tamponi (as President), Rita Casu(effective auditor), Andrea Zini (effective auditor), Piero Maccioni (alternate auditor), Valeria Secchi (alternate auditor). The curriculum of the Auditors are available on the Company's website www.tiscali.it Investors section.
The minutes of the Annual Shareholders' meeting will be made available in compliance with Italian law.
The new Board of Directors, which met today just after the Shareholders' Ordinary Meeting, has confirmed Renato Soru Chairman and CEO of Tiscali S.p.A.
Furthermore have been appointed the following committees internal to the Board:
Furthermore, the following members has been appointed:
I, the undersigned, Luca Scano, manager in charge of drawing up the corporate accounting documents of Tiscali S.p.A, declare – pursuant to paragraph 2, Article 154-bis of the Italian Finance Consolidation Act – that the annual results contained in this press release correspond to the documentary results, books and accounting records of the parent company and to the information provided by the companies included in the consolidation area
_______________________
This press release contains certain forward-looking statements based on current expectations and projections in relation to future events. These forward-looking statements may be affected by known or unknown risks, uncertain events and the assumptions made. This press release also contains unaudited pro forma financial data. Tiscali does not undertake to publish updates or modify any forward-looking statements, either to provide new information or in response to future events or other circumstances. In light of the aforementioned risks, uncertainties and assumptions, the forward-looking statements contained in this press release may not come to fruition. Any statement relating to past performance or activities should not be considered a guarantee of future performance or of such activities continuing in the future.
Tiscali S.p.A. (Borsa Italiana. Milan: TIS) is one of the leading alternative telecommunications companies in Italy. Tiscali provides its private and business customers with a vast range of services: Internet access through dial-up and ADSL, as well as voice, VoIP, media, and added-value services and other technologically advanced products.
As at 31 December 2014 Tiscali reported around 481.3 thousand ADSL customers in Italy. Of these, around 357 thousand are Dual Play customers
The Tiscali website may be accessed at www.tiscali.it.
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