Bertolotti — Regulatory Filings 2019

Oct 16, 2019

Informazione Regolamentata n. 0469-57-2019		Data/Ora Ricezione 16 Ottobre 2019 12:56:09	MTA - Star
Societa'	:	BE
Identificativo Informazione Regolamentata	:	123645
Nome utilizzatore	:	SERVICEN03 - Cornini
Tipologia	:	REGEM
Data/Ora Ricezione	:	16 Ottobre 2019 12:56:09
Data/Ora Inizio Diffusione presunta	:	16 Ottobre 2019 12:56:10
Oggetto	:	2020-2022	REGEM_PR16102019 Be_Business Plan
Testo del comunicato

Vedi allegato.

Be: Taking it to the next level. Business Plan 2022 targets. Revenues at €250M, inclusive of €60M of potential M&A growth, and EBITDA at €45M, inclusive of €10M of potential M&A contribution.

Be Group ('Be' or the Company) presents to the financial community the guidelines and targets for its 2020-2022 Business Plan, at 'Be' headquarters in Piazza Affari, Milan.

"The 2020-22 plan takes us to the next level – says Stefano Achermann, CEO of Be Group – on the back of strong Financial Industry's demand for consulting services, with digitalization in the forefront. Our eyes are set on the Euro 200-250 million mark, depending on various M&A scenarios - mainly international - made possible by strong cash flow projections and generally by our under-leveraged financial starting point. Revenue synergies take centre stage in the Plan. Our operational network has now reached a critical mass allowing inter-geographies cross-selling of capabilities and experiences. Ownership of Digital Engagement platforms, alongside other existing proprietary solutions, will strengthen the recurrent revenues component of the P&L ".

STOCK DATA		GROUP DATA (as of 31.12.2017)		HEADQUARTER	MAIN OFFICES
Reuters Code:	BET.MI	Total revenues(Eur ml):	150,2	Rome	Milan
Bloomberg Code:	BET IM	EBITDA (Euro ml):	23,6		London
	EBIT (Euro ml):	11,3		Munich
SHAREHOLDERS DATA		EBT (Euro ml):	10,1		Frankfurt
No of Ord. Shares (ml):	134,9	Net profit (Euro ml):	5,5		Madrid
Total no of Shares (ml):	134,9	NFP (Euro ml):	0,9		Vienna
Mkt Cap. (Eur ml):	143,7				Warsaw
Mkt Float. (%):	61,9				Bucharest
Mkt Float. (Eur ml):	58,2				Kyiv
Main Shareholder:	T.I.P.

Be S.p.a

Investor Relations | Claudio Cornini | +39 06 54 24 86 24 | IR.be@be-tse.it

Be Informativa sul piano di acquisto di azioni proprie Be: Taking it to the next level. Business Plan 2022 targets. Revenues at €250M, inclusive of €60M of potential M&A growth, and EBITDA at €45M, inclusive of €10M of potential M&A contribution.

October 16th, 2019 // Milan

4 ottobre 2019 // Milano

Main 2022 economic and financial targets of the Business Plan

• Revenues: Euro 250 million, inclusive of Euro 60 million of potential M&A growth (14% 2018-22 CAGR). The Italy / Spain perimeter contributes 55% while the other European regions account for 45%.
• EBITDA: Euro 45 million, inclusive of Euro 10 million of potential M&A growth, (18% 2018-22 CAGR), with Business Consulting contributing 70% and ICT 30%.
• Net Financial Position: Euro 21.2 million, including investments for M&A of around Euro 32 million.

Main drivers of the Business Plan, by segment

• Banks and New Players:
  • o Increase the share of wallet among Leading European Financial Institutions and GAFA players (Google, Amazon, Facebook, Apple).
  • o Participate in larger transformational digital projects and in the design of new services/ products/ platforms across all main business domains.
• Insurance. Continuing investment into proprietary IT platform.
• Digital Engagement. Develop outstanding capabilities, service platforms and solutions, also through the selection and use of world-class assets.

'Be' mission is to be a top player for industry vision, specialist knowledge, effective client support and end-to end capabilities.

About Be

This press release is available on the Company's website www.be-tse.it and on the centralized storage mechanism "eMarket STORAGE" at .

Be Think Solve Execute S.p.A. ("Be") is listed on the STAR segment of the Borsa Italiana and is a leading Italian player in the consulting sector, providing business consulting and information technology services. A combination of specialist skills, advanced proprietary technologies and a wealth of experience enables "Be" to advise leading global financial and insurance institutions on how to create and deliver value and boost business growth. "Be" has over 1,100 employees across Europe with offices in Italy, United Kingdom, Germany, Austria, Switzerland, Spain, Romania, Poland and Ukraine. In 2018 "Be" recorded revenues in the amount of € 150.2 million.