Reply SpA: The Board of Directors approved the draft financial statements for the year 2020

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DGAP-News: Reply SpA / Key word(s): Annual Results
Reply SpA: The Board of Directors approved the draft financial statements
for the year 2020

15.03.2021 / 13:32
The issuer is solely responsible for the content of this announcement.

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Despite the effects of the pandemic, all economic indicators have improved.

- Consolidated turnover of EUR1,250.2 million (EUR1,182.5 million in 2019);

- EBITDA at EUR207.9 million (EUR191.3 million in 2019);

- EBIT at EUR169.5 million (EUR155.3 million in 2019);

- Group net profit at EUR123.6 million (EUR113.9 million in 2019)

Approval of the proposed dividend distribution of EUR0.56 per share.


Today the Board of Directors of Reply S.p.A. [MTA, STAR: REY] approved the
draft financial statement for the year 2020, which will be submitted for
approval to the Shareholders' Meeting to be held on first call in Turin on
26 April 2021.

The Reply Group closed 2020 with a consolidated turnover of EUR1,250.2
million, an increase of 5.7% compared to EUR1,182.5 million in 2019.

All indicators are positive for the period. Consolidated EBITDA was EUR207.9
million, an increase of 8.7% compared to EUR191.3 million recorded at December
2019.

EBIT, from January to December, was at EUR169.5 million, which is an increase
of 9.1% compared to EUR155.3 million at December 2019.

The Group net profit was at EUR123.6 million, an increase of 8.6% compared to
the EUR113.9 million recorded in 2019.

Following the results achieved in 2020, the Reply Board of Directors decided
to propose a dividend distribution of EUR0.56 per share to the next
Shareholders' Meeting, which will be payable on 5 May 2021, with the
dividend date set on 3 May 2021 (record date 4 May 2021).

As at 31 December 2020, the Group's net financial position has been
positive, at EUR158.7 million. As at 30 September 2020, the net financial
position was positive, at EUR135.6 million.

"2020 - stated Mario Rizzante, Reply's Chairman of the Board - was a year
marked by one of the most complex economic and social crises in contemporary
history. Reply was able to react to this unimaginable moment of
discontinuity by closing a financial year in growth. In recent months,
despite the difficulties experienced in the various lockdowns, we have
continued to invest, gaining additional market share in Europe, the UK and
in North America, and we have added new expertise to our core offers in
cloud, artificial intelligence, 5g, robotics and connected vehicles."

"We still await an uncertain future - concludes Mario Rizzante - "The
emergency is still ongoing, with different trends in the countries where we
are present and, much depends on the effectiveness and speed of the
vaccination plans. The pandemic is, in any case, handing us back a
profoundly changed world compared to the one we were used to just twelve
months ago. All sectors, even the more traditional ones, have had to
reconfigure themselves, digitalising processes and divisions and, at times,
reinventing entire business models. This transformation is irreversible and,
albeit dramatic for some, it opens up new opportunities for growth and
development for companies like ours. High-speed communication software
infrastructure, e-commerce, new digital experiences and a strong boost in
automation will be the key elements of the economy over the coming years."

The manager responsible for preparing the company's financial reports, Dr
Giuseppe Veneziano, states in accordance with Paragraph 2 of Article 154-bis
of the Consolidated Finance Act, that the accounting information contained
in this press release corresponds to the company's records, ledgers and
accounting entries.

Reply
Reply [MTA, STAR: REY, ISIN: IT0005282865] specialises in the design and
implementation of solutions based on new communication channels and digital
media. Reply is a network of highly specialised companies supporting key
European industrial groups operating in the telecom and media, industry and
services, banking, insurance and public administration sectors in the
definition and development of business models enabled for the new paradigms
of AI, cloud computing, digital media and the Internet of Things. Reply
services include: Consulting, System Integration and Digital Services.
www.reply.com

Media Contact
Fabio Zappelli
f.zappelli@reply.com
Tel. +39 011 771 1594

IR Contacts
Riccardo Lodigiani
r.lodigiani@reply.com
Tel. +39 011 771 1594
Michael Lueckenkoetter
m.lueckenkoetter@reply.com
Tel. +49 5241 5009 1017

March 15, 2021

This press release is a translation, the Italian version will prevail.


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15.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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