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Italian Small Cap Financial Advisory - Team - Methorios Capital

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Vitale & Associati<br />

Board of Directors<br />

Guido Roberto Vitale Chairman<br />

Orlando Barucci Director<br />

Francesco Cesarini Director<br />

Alberto Gennarini Director<br />

Francesco Giavazzi Director<br />

Riccardo Martinelli Director<br />

Daniele Sottile Director<br />

Paola Tondelli<br />

Director<br />

INCOME STATEMENT 2008 2009<br />

BALANCE SHEET 2008 2009<br />

€,000<br />

€.000<br />

Revenue 8,738 11,455<br />

A) TOTAL FIXED ASSETS 202 205<br />

Total Operating Costs 6,820 8,439<br />

B) WORKING CAPITAL 3,725 3,107<br />

EBITDA 1,919 3,015<br />

C) INVESTED CAPITAL (A+B) 3,927 3,312<br />

EBITDA Margin % 22% 26%<br />

Total Amortisation and Depreciation 95 80<br />

D) ALLOWANCES 589 720<br />

EBIT 1,824 2,936 E) NET INVESTED CAPITAL (C-D) 3,338 2,592<br />

EBIT Margin % 21% 26% G) SHAREHOLDER'S EQUITY 2,413 2,329<br />

EBT 1,723 1,756 H) NET FINANCIAL DEBT 924 264<br />

EBT Margin % 20% 15%<br />

I) SHAREHOLDER'S EQUITY + NFD (G+H) 3,338 2,592<br />

Tax 848 991<br />

Net Income 875 765<br />

Margin % 10% 7%<br />

124

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