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Bertolotti — Regulatory Filings 2020
Jul 13, 2020
6567_rns_2020-07-13_02a3dfef-9409-4f40-ab9b-c07c24f8e842.pdf
Regulatory Filings
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| Informazione Regolamentata n. 0469-44-2020 |
Data/Ora Ricezione 13 Luglio 2020 10:03:06 |
MTA - Star | ||||
|---|---|---|---|---|---|---|
| Societa' | : | BE | ||||
| Identificativo Informazione Regolamentata |
: | 134882 | ||||
| Nome utilizzatore | : | SERVICEN03 - Cornini | ||||
| Tipologia | : | REGEM | ||||
| Data/Ora Ricezione | : | 13 Luglio 2020 10:03:06 | ||||
| Data/Ora Inizio Diffusione presunta |
: | 13 Luglio 2020 10:03:07 | ||||
| Oggetto | : | REGEM_Be_PR13072020_Be strengthened partnership with YOLO |
||||
| Testo del comunicato |
Vedi allegato.
Shaping the future
INVESTORS INFORMATION
13 July 2020 // Milan
Be: strengthened partnership with YOLO by acquiring a capital share and signing a strategic cooperation agreement.
'Be' took part to a dedicated capital increase of YOLO, the on demand, instant and micro insurance platform founded by Simone Ranucci Brandimarte and Gianluca de Cobelli.
'Be''s investment in YOLO is made alongside those of Intesa San Paolo Vita, Banca di Piacenza and CRIF. 'Be''s stake will be 2.5% of YOLO's capital.
'Be' is also joining to a newly signed Shareholders' Agreement amongst founders and new investors.
We have been working together with YOLO for the past two years says Stefano Achermann, CEO of 'Be' – supporting the development of Yolo's digital platform and bringing our best knowledge to the insurance industry. We appreciate the innovative capacity and high potential of the Yolo team. Closer cooperation can only give value to both of them".
| STOCK DATA | GROUP DATA (as of 31.12.2019) | HEADQUARTER | MAIN OFFICES | ||
|---|---|---|---|---|---|
| Reuters code: | BEST.MI | Total Revenues (Eur mln): | 152.3 | Rome | Milan |
| Bloomberg code: | BEST.MI | EBITDA (Eur mln): | 25.9 | London | |
| EBIT (Eur mln): | 12.2 | Munich | |||
| SHAREHOLDERS DATA | EBT (Eur mln): | 11.1 | Frankfurt | ||
| No. of ordinary shares (mln): | 134.9 | Net Profit(Eur mln): | 6.1 | Madrid | |
| Total no. of shares (mln): | 134.9 | Net Financial Position (Eur mln): (11.4) | Wien | ||
| Market cap. (Eur mln): | 146.8 | Varsaw | |||
| Floating (%): | 39.4 | Bucharest | |||
| Floating (Eur mln): | 57.7 | Kyiv | |||
| Main Shareholder: | T.I.P. | Zurich |
Be S.p.A. Investor Relations | Claudio Cornini | +39 06 54 24 86 24 | [email protected] The partnership provides 'Be' with an additional platform to offer its customers insurance solutions, enabling it to work with a group of excellent professionals with high technical expertise.
From YOLO's point of view, the association with Be offers preferential access to 'Be''s solution design capability, and leverages 'Be''s access to high-level Financial Industry customers across Europe.
'Be''s investment for the 2.5% of YOLO amounts to about €500K, implying YOLO's post-money valuation of about €20M.
About Be
Be Group is listed in the STAR segment of Borsa Italiana and is one of the leading Italian players in the Consulting sector. The company provides Business Consulting and Information Technology services. A combination of specialist skills, advanced proprietary technologies and a wealth of experience enable the Group to work with leading international financial and insurance institutions to create value and boost business growth. With more than 1,300 employees and branches in Italy, United Kingdom, Germany, Austria, Switzerland, Spain, Romania, Poland and Ukraine, in 2019 the Group recorded revenues in the amount of Euro 152.3 million.
This press release is available on the Company's website www.be-tse.it and on the centralized storage mechanism "eMarket STORAGE" at