AIM Italia - Ernesto Mocci - Methorios Capital

Vita Società Editoriale‣ Vita Società Editoriale is a company that specialises in the editorial andcommunications sectors. On October 22, 2010 Vita performed becamethe 10 th company to perform an IPO on AIM Italia where it listed 2.7 mlnnew shares (a float equivalent to 31%). The listing price of the new shareswas € 0.94 that saw a capital increase of around € 2.5 mln.‣ The groups activity in the editorial sector includes the publication of theVita weekly magazine that is predominantly focused at promoting socialand sustainable economic issues.‣ Other areas of activity include the groups advisory activity in which itoffers strategic consultancy and market communication advisory services.‣ Vita for the first half of 2010 recorded revenues of € 1.63 mln, this wasan increase of € 1.51 mln from the first half of 2009. The overall value ofproduction increased 7% whilst the cost of production increased at 12%therefore margins were negatively impacted in the first half of 2010.‣ EBITDA recorded for the group in the first half of 2010 was a loss of €19,000 that was a further decline on the first half of 2009 in whichEBITDA was recorded at € 69,000.‣ Overall net income for the group in the first half of 2010 was a net lossof € 133,000 that was a further decline on the net loss recorded ddfor thefirst half of 2009 at € 30,000.Board of DirectorsRiccardo Bonacina ChairmanPaolo Ottone Migliavacca CEOAndrea AgnelliDirectorAldo BonomiDirectorClaudia FiaschiDirectorEnrico Marco Fumagalli DirectorVincenzo ManesDirectorAndrea OliveroDirectorFilippo Eduardo Spina DirectorEnVentFinancial AdvisorUgf Merchant Spa NomadBanca FinnatSpecialistBDO SpaAuditorSource: Company financials57