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PRESS RELEASE
GRUPPO MUTUIONLINE S.P.A.: CONSOLIDATED RESULTS IN FIRST QUARTER 2011: STRONG GROWTH OF REVENUES (+38.7%), GROWTH OF EBIT AND NET INCOME (RESPECTIVELY +6.5% AND +7.9%).
Consolidated - Euro '000

Revenues EBIT Net income *
* .Attributable to shareholders of the Issuer
1Q2011
15,793 5,369 3,775
1Q2010
11,386 5,042 3,499
Change %
+38.7% +6.5% +7.9%

The board of directors of Gruppo MutuiOnline S.p.A. approved today the consolidated interim report on operations for the three months ended March 31, 2011.

Revenues for the three months ended March 31, 2011 were Euro 15.8 million, up 38.7% compared to the same period of the previous financial year. Such increase is attributable to the growth of both the Broking Division, which recorded a revenue increase of 18.9%, passing from Euro 7.6 million in the three months ended March 31, 2010 to Euro 9.0 million in the three months ended March 31, 2011, and the BPO Division, which recorded a revenue increase of 77.8%, passing from Euro 3.8 million in the three months ended March 31, 2010 to Euro 6.8 million in the three months ended March 31, 2011.

The operating income increased by 6.5% in the three months ended March 31, 2011, compared to the same period of the previous financial year, passing from Euro 5.0 million in the first quarter 2010 to Euro 5.4 million in the first quarter 2011. The growth of the operating income in the three months ended March 31, 2011 is attributable to the increase of the operating income of the BPO Division, driven by the growth of the CEI and FEC Business Lines, whereas the Broking Division shows a decrease of the operating income, due to the significant increase of services costs, mainly related to marketing costs, partially attributable to the development of Cercassicurazioni Business Line (online insurance broking).

Net income attributable to the shareholders of the Issuer increased by 7.9% in the three months ended March 31, 2011, passing from Euro 3.5 million in the three months ended March 31, 2010 to Euro 3.8 million in the three months ended March 31, 2011.
 
aus der Diskussion: MutuiOnline - italienischer Internet-Finanzdienstleister
Autor (Datum des Eintrages): R-BgO  (27.07.11 17:45:09)
Beitrag: 2 von 46 (ID:41853794)
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