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Buongiorno Vitaminic: H1 2005 Revenues +63%
MILAN, Italy, September 21 /PRNewswire/ -- The Board of Directors of Buongiorno Vitaminic SpA (NM techSTAR, Borsa Italiana: BVIT), has approved the Half-Year Report as of June 30, 2005.
The first six months of 2005 registered a significant increase in turnover. Consolidated Value of Production stood at euro 58.9 million, up by over 60% compared to figures for the same period of 2004. Consolidated core business sales amounted to Euro 57.9 million in the first semester 2005, an increase of about 63% over the figure of Euro 35.5 million for H1 2004.
In terms of business lines, Customer Services led the Group's growth, expanding by 123% since June 30, 2004. Consumer Services grew consistently in Spain and South America, thanks to collaboration with the main media groups (Telecinco and Televisa), and achieved significant revenues in the USA in a few months after the launch of the services. In H1 2005 alone, 235 million digital objects (Value Added Services) were sold to 26 million individual GSM users, equivalent to the entire volume for 2004. The mean unit price was 20 Euro cents.
In geographical terms, Buongiorno Vitaminic's policy is to develop its business on three market fronts: Central Europe (Italy, France, Germany and Austria), the Iberian Peninsula and South America, and English-speaking countries. The most noteworthy result from an analysis of first semester figures is the sharp year-on-year revenue growth in the Iberian peninsula and in South America (up +156%), representing the major reference market for the Buongiorno Vitaminic Group. The high growth in English-speaking countries (+54%) was mainly due to the increased revenues generated by the American subsidiary. Growth in Central European markets stood at 12.4%, a relatively more modest figure due to the greater relevance of Marketing Services in this area. Generally, revenues in H1 2005 were more equally spread among the various geographical areas. During H1 2005, international business accounted for 76% of overall turnover, as against 65% in H1 2004.
In light of H1 2005 results, the Company confirms its projections for all of the current year: revenues Euro 115-120 million, EBITDA Euro 11-14 million, and net income Euro 6-9 million, as well as the generation of cash flow from operations for the year.
For additional information about Buongiorno and to read the complete H1 2005 financial results press release see http://www.buongiorno.com/
Additional information about Buongiorno Vitaminic SpA are available on the website http://www.buongiorno.com/
Buongiorno Vitaminic SpA
CONTACT: Contacts: Michaela M. Carboni, Investor Relations Director,Tel. +39-02-58213541 Email: michaela.carboni@buongiorno.comMonica Montefusco, PR Manager & Global Coordinator, Tel.+39-02-58213548 Email: monica.montefusco@buongiorno.com
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