Buongiorno Spa Interim Report as of March 31, 2009

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2. Economic and Financial Highlights of the Group The table below includes the main economic, financial, balance sheet and operating highlights of the Buongiorno Group. (in thousands of Euro) First Quarter 2009 First Quarter 2008 Buongiorno SpA Interim Report as of March 31, 2009 4 Var. % Economic and Financial Highlights Sales of Services 66,913 79,045 (15%) Value of Production 67,768 79,565 (15%) Added Value (Val. of prod. - Mat., cons. and services) 20,639 21,892 (6%) Industrial Added Value (IAV) 26,516 29,028 (9%) Normalized Gross Operating Margin 8,380 8,237 2% Normalized Operating Profit (Loss) 5,222 6,516 (20%) Financial Operations (1,523) (2,210) (31%) Net non-recurrent earnings / (charges) (1,201) (557) 116% Profit (Loss) before Taxes 2,444 3,772 (35%) Profit (Loss) before Minority Interests Balance Sheet highlights 1,550 3,152 (51%) Net invested capital 222,065 222,682 (0%) Net current assets (6,865) (1,967) 249% Capital and reserves 154,777 147,226 5% Net financial position Earning ratios (67,288) (75,455) 11% Added value/Revenues 30.8% 27.7% 11% Gross Operating Margin/Revenues 12.5% 10.4% 20% Gross Operating Margin/Net invested capital 3.8% 3.7% 2% Financial Charges/Gross Operating Margin (18.2%) (26.8%) (32%) Operating Result/Revenues (ROS) 7.8% 8.2% (5%) Operating Result/Net invested capital (ROI) 2.4% 2.9% (20%) Profit (Loss) before Minority Interests/Capital and reserve Cost of staff 1.0% 2.1% (53%) Staff (average of the period) 1,016 1,079 (6%) Annual Revenues/Average staff 263 293 (10%)
3. Principles Adopted for the Consolidation and Preparation of the Financial Statements These consolidated Interim Report as of March 31, 2009 of Buongiorno (hereinafter referred to as the “Interim Report”) was prepared in compliance with the requirements of the “Regulations for Implementing Legislative Decree No. 58 of February 24, 1998 Regarding Issuers” (CONSOB Resolution No. 11971 of May 14, 1999 and subsequent amendments), and European Community Regulations No. 1606 of July 19, 2002, on international accounting standards. The Interim Report refers to the consolidated situation of Buongiorno and its direct and indirect subsidiaries (hereinafter the “Buongiorno Group” or the “Group”) as of March 31, 2009. The consolidated financial statements have been prepared using the layout prescribed by the IAS/IFRS adopted by the European Union. The consolidation area of the Buongiorno Group compared to December 31, 2008 was as follows: On January 1, 2009: a) acquisition of minority interests in the South African subsidiary iTouch South Africa (Pty) Ltd, increasing the stake from 87.5% to 100%; b) merger of Grupo Itouch Movilisto Mexico SA de CV in the Mexican company My Alert SL de CV. The following table shows an outline of the Buongiorno Group’s structure at March 31, 2009. A list of consolidated companies at March 31, 2009 is included in Annex B. Buongiorno SpA Interim Report as of March 31, 2009 5
Page 1 and 2: Buongiorno SpA Interim Report as of
Page 3: 1. Company Boards Board of Director
Page 7 and 8: During the quarter ended March 31,
Page 9 and 10: Market Trend and Group Performance
Page 11 and 12: peoplesound has become universal an
Page 13 and 14: BREAKDOWN OF REVENUES BY BUSINESS L
Page 15 and 16: EARNINGS PER SHARE 03.31.2009 03.31
Page 17 and 18: The increase compared to the end of
Page 19 and 20: Other current financial liabilities
Page 21 and 22: ANNEX A: Breakdown of Sales by Geog
Page 23 and 24: LIST OF COMPANIES INCLUDED IN CONSO

Buongiorno Spa Interim Report as of March 31, 2009

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