Byline: Italtel SpaA
- Revenue amounts to a[logical not] 546.1 million with international revenue up 26.8% and Large Enterprises and Public Sector revenue in Italy up 52.6%.
- Net income totals a[logical not] 14.1 million, up 2.9% compared to 2005.
- Further improvement in net financial debt from a[logical not] 322.2 million as of December 31, 2005 to a[logical not] 274.5 million.
Milan, March 22, 2007 -- The Board of Directors of Italtel Group S.p.A., chaired by Roberto Quarta, met today and approved the draft consolidated financial statements for the year ended December 31, 2006.
The main financial figures for the Consolidated Income Statements as of December 31, 2006, compared with the data for the 2005 period prepared according to IFRS accounting standards, are provided below.
Revenue for 2006 totals a[logical not] 546.1 million, in line with a[logical not] 545.8 million in 2005; Ebitda amounts to a[logical not] 114.8 million corresponding to 21% of revenue; net profit totals a[logical not] 14.1 million (2.9% above 2005).
Excluding non recurring expenses, Ebitda amounts to a[logical not] 122.6 million .
Net Group financial debt improved significantly, decreasing from a[logical not] 322.2 million as of December 31, 2005 to a[logical not] 274.5 million as of December 31, 2006.
Revenue from International Markets grew 26.8% from a[logical not] 83.5 million in 2005 to a[logical not] 105.9 million in 2006, driven by expansion into new emerging markets as well as strong growth in countries where Italtel had an established presence.
In the Italian market, revenue from Large Enterprises and Public Sector rose from a[logical not] 30.9 million in 2005 to a[logical not] 47.1 million. Revenue from Other Telecom Operators remained stable at a[logical not] 123 million.
"I am very pleased with Italtel's results in 2006", said Mauro Righetti, Chief Executive Officer of Italtel Group, "notwithstanding the difficulties of the Italian telecommunications market. We grew significantly in the international markets, consolidating our presence in those countries where we were already established and expanding into emerging markets in the Middle East end Eastern Europe. In addition, we have also acquired a significant market share in the domestic market in the segment comprising Public Sector and Large Enterprises, which is a business area with a particularly high growth potential."
In 2006 Italtel invested a[logical not] 111.2 million in Development and Innovation, amounting to 20.4 % of total revenue.
Finally, in 2006 Italtel confirmed its leadership in the EMEA market as a supplier of Next-Generation Network (NGN) solutions, with a 14% market share. In particular, in the softswitch segment (the hardware and software platform which constitutes the heart of next generation networks), Italtel Group has confirmed its position as EMEA leader for the third year in a row, with a market share of 21%, and it ranked as one of the top four suppliers worldwide, with a market share of 6% globally (Source: Yankee Group 2007).
The Italtel Group Italtel Group designs, develops and installs solutions for new-generation integrated multi-service networks (voice/data/video), with cutting-edge products and a system integration capacity that offers fixed and mobile telecommunications operators and Internet Service Provider, Large Enterprises and Public Sector reliable infrastructures that are open to networking and flexible in their technological evolution. The shareholders of Italtel Group S.p.A., the parent company of Italtel S.p.A., are: CD&R (48.77%), Telecom Italia (19.37%), Cisco Systems (18.40%), Advent International (8.65%), Brera Capital Partners (2.16%), Cordusio Fiduciaria -- which holds in trust the shares of Group employees and Company directors in addition to its own shares in the Company (2.65%). The Chief Executive Officer of Italtel is Mauro Righetti. Website: www.italtel.com
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