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Italian Small Cap Financial Advisory - Team - Methorios Capital

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Local Player Analysis<br />

‣ The following graph indicates revenues for boutiques that earned in excess of € 1mln for 2009. As shown bl below, 8 of the<br />

16 companies in this snapshot achieved a growth in revenues for 2009 on 2008 and only 5 achieved positive year end results<br />

in 2009.<br />

€mln<br />

14<br />

12<br />

10<br />

8<br />

6<br />

4<br />

2<br />

0<br />

+31.1% 1% +8.7% 87%<br />

+55.0% +18.4%<br />

Revenue 2008 Revenue 2009<br />

+23.5% +2.6% +4.6% +118.3%<br />

€mln<br />

3.0<br />

5.0 5.1<br />

Net Income 2008 Net Income 2009<br />

25 2.5<br />

2.0<br />

1.5<br />

Positive result 2009<br />

1.0<br />

0.5<br />

00 0.0<br />

-0.5<br />

-1.0<br />

** Caretti’s results recorded from financial year end March 31, 2010 15

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