Giglio.Com — Earnings Release 2017

Feb 28, 2018

Informazione Regolamentata n. 20076-11-2018		Data/Ora Ricezione 28 Febbraio 2018 08:52:59	AIM -Italia/Mercato Alternativo del Capitale
Societa'	:	Giglio Group S.p.A.
Identificativo Informazione Regolamentata	:	99496
Nome utilizzatore	:	GIGLIONSS02 - Myriam Amato
Tipologia	:	REGEM
Data/Ora Ricezione	:	28 Febbraio 2018 08:52:59
Data/Ora Inizio Diffusione presunta	:	28 Febbraio 2018 08:53:00
Oggetto	:	Giglio Group 2017 preliminary results
Testo del comunicato

Vedi allegato.

GIGLIO!GROUP:!2017!PRELIMINARY!RESULTS!APPROVED

• Revenues!of!Euro!78.8!million!in!2017,!+129%!on!2016!(Euro!34.5!million!in!2016)
• EBITDA*!adjusted!for!nonTrecurring!charges!of!Euro!8.5!million,!+8.0!on!2016!(Euro!7.9! million!in!2016)
• EBITDA,!considering!the!effect!of!!nonTrecurring!charges!of!Euro!1.8!million,!largely!due! to!the!ongoing!transfer!to!the!MTA!market,!of!Euro!6.8!million,!T14%!on!2016!(Euro!7.9! million!in!2016)!
• Net!Financial!Debt!of!Euro!14.8!million!(Euro!14.4!million!at September!30,!2017)!!
• Change!to!corporate!events!calendar!

Milan,'February'28,'2018 – The!Board!of!Directors!Giglio&Group (Aim&Italia0Ticker&GGTV),!a!leading!e5 commerce!4.0!enterprise,!listed!on!the!AIM!market!of!the Italian!Stock!Exchange,!on!February!27,! 2018!reviewed!and!approved!the!2017!unaudited!consolidated!results.

The!Group!reports!Revenues!of!Euro!78.8!million!for!2017,!compared!to!Euro!34.5!million!in!2016. (+129%)!!This!increase!mainly!relates!to!the!consolidation!of!the!Evolve!SA!Group!(now!iBox!SA)!on! April!27,!2017!into!Giglio!Group's!ecommerce!4.0!model.!

EBITDA*!adjusted!for!non5recurring!charges!of!Euro!8.5!million!grew!8.0%!on!2016,!mainly!due!to! the!change!in!consolidation!scope.!EBITDA,!considering the!effect!of!!non5recurring!charges!of!Euro! 1.8!million,!largely!due!to!the!ongoing!transfer!to!the!MTA!market,!was!Euro!6.8!million,!514%!on! 2016!(Euro!7.9!million!in!2016).!!

Net!Financial!Debt!of!Euro!14.8!million!substantially!in!line!with!September!30,!2017! (Euro!14.4! million!at!September!30,!2017).!!

It!is!noted!with!regards!to!these!preliminary!figures!that!the!audit!of!the!2017!consolidated!annual! accounts! is! ongoing! and! that! the! figures! may! therefore! change! by! approval! of! the! Group! consolidated!financial!statements,!on!the!basis!of!subsequent!events or!information!currently!not! available.!

The!accounting!standards!adopted! for! the!calculation!of! the!earnings!estimates!are! the!same!as! those!used!for!the!2016!Group!consolidated!annual!accounts,!drawn!up!as!per!IFRS!adopted!by!the! European!Union.!

The!Chief!Executive!Officer!and!Chairman,!Alessandro!Giglio!stated:!"In!2017!we!laid!the!foundations! for!a!major!project!and!integrated!the!Evolve!SA!Group!(now!iBox!SA)!into!our!Media!world,!creating! a! new! e5commerce! 4.0! model.! ! IBox! is! a! multi5brand! global! platform! supporting! the! traditional! ecommerce! model! of! a! business! with! a! structured! online! sales! acceleration! system! which! simultaneously! connects! the! world's! 40! largest!marketplaces! (from! America! to! China).! !We! are! highly!satisfied!with!the!year's!operating!result!and!begin!2018!with!great!enthusiasm,!supported! also!by!the!number!of!leading!Italian!brands!who!have!joined!our!project,!with!even!more!about!to! get!on!board".!

***

In! addition,! the! Board! of! Directors! have! postponed! the! meeting! called! to! approve! the! 2017! consolidated! financial! statements! and! statutory! financial! statements! to! March! 29,! 2018,! from! March!9,!2018!as!previously!announced. The!postponement!is!given!by!the!fact!that!the!translisting procedure!required!further!study!and!the!need!to!finalize some!documents!that!made!it!necessary! to!postpone!the!completion!of!work!on!2017 financial!statements.!Consequently,!the!Shareholders'! Meeting!to!approve!the!financial!statements!will!be!held!on!April!30,!rather!than!April!20,!2018.!

March&29,&2018	Approval! of! the! 2017! consolidated! financial! statements! and! statutory! financial!statements!5 Board!of!Directors!
April&30,&2018	Shareholders'!Meeting!to!approve!the!2017!statutory!financial!statements
May&10,&2018&	Interim!report!at!March!31,!2018!5 Board of!Directors
September&10,&2018	Half5year!report!at!June!30,!2018!5 Board!of!Directors
November&14,&2018	Interim!report!at!September!30,!2018!5 Board!of!Directors!

The!updated!corporate!events!calendar!is!therefore!as!follows:!

Any!changes!to!the!above!dates!will!be!communicated!in!a!timely!manner.!!

***

Information&on&Giglio&Group:&

Founded'by'Alessandro'Giglio'in'2003'and'listed'on'the'AIM'market'since'7'August'2015,'Giglio Group' is'an'e?commerce'4.0'company'addressing'mainly'millennial'consumers.'The'group'is'a'leader'in'the' field' of' radio' and' television' broadcasting,' it' has' developed' cutting?edge' digital' solutions' and' represents,'in'online'fashion,'a'digital'market'place'at'a'global'level,'catering'to'thirty'major'digital' retailers'in'the'world.'Giglio'Group'also'produces'multimedia'content'that'is'transmitted,'through' agreements'with'operators'and'in'a'large'part' through'a'proprietary'infrastructure'via' fiber'and' satellite transmission'formed'by'the'division'M?Three'Satcom,'in'46'nations,'5'continents'and'in'six' languages' through'its' own' television' channels' (Nautical' Channel,'Giglio'TV,'Acqua'and'PlayMe),'

visible on all TV devices, digital, web and mobile. In 2016, the group launched its own e-commerce 4.0 model, which is currently operating in China and the USA: the users "see and buy" by clicking on their smartphone / tablet or taking a photograph of the product they are watching on television, for a revolutionary shopping experience. Giglio Group is headquartered in Milan, Rome, New York (Giglio USA) and Shanghai (Giglio Shanghai).

CONTACTS

Press Office:

Spriano Communication&Partners Matteo Russo e Cristina Tronconi Tel. 02 83635708 mob. 347/9834881 mrusso@sprianocommunication.com ctronconi@sprianocommunication.com

Investor Relations:

Francesca Cocco Investor Relations ir@giglio.org (+39)0283974207

Nomad:

Banca Finnat S.p.A. Palazzo Altieri, Piazza del Gesù 49 00186 Roma Tel.: (+39) 06 699331