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Italian Small Cap Financial Advisory - Team - Methorios Capital

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Baldi & Partners<br />

‣ Baldi & Partners’ offices are located in Milan,<br />

Reggio Emilia and Parma.<br />

Carlo Baldi<br />

Giudo Prati<br />

Luca Carra<br />

Antonio Boccia<br />

Board of Directors<br />

Chairman<br />

Managing Director Corporate Finance<br />

Managing Director Corporate Finance<br />

Managing Director Sales<br />

INCOME STATEMENT 2008 2009<br />

€,000<br />

Revenue 1,316 1,377<br />

Total Operating Costs 1,071 1,167<br />

EBITDA 244 209<br />

EBITDA Margin % 19% 15%<br />

Total Amortisation and Depreciation 68 19<br />

EBIT 176 190<br />

EBIT Margin % 13% 14%<br />

EBT 177 190<br />

EBT Margin % 13% 14%<br />

Tax 83 83<br />

Net Income 94 107<br />

Margin % 7% 8%<br />

BALANCE SHEET 2008 2009<br />

€,000<br />

A) TOTAL FIXED ASSETS 6 3<br />

B) WORKING CAPITAL 223 332<br />

C) INVESTED CAPITAL (A+B) 229 335<br />

D) ALLOWANCES 52 45<br />

E) NET INVESTED CAPITAL (C-D) 177 291<br />

G) SHAREHOLDER'S EQUITY 215 322<br />

H) NET FINANCIAL DEBT -38 -31<br />

I) SHAREHODLER'S EQUITY + NFD (G+H 177 291<br />

34

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