As a result of the sale of the business unit of the subsidiary IPS Sistemi Programmabili S.r.l. on 29 February 2016, which generated a Euro 1,705 thousand capital gain, the business results of the sold BU were classified according to the instructions of IFRS 5, under the item 'Net profit (loss) from discontinued operations and assets held for sale'. For a clearer representation of the Group's operating performance, the historical data from the income statement, compared with 2016, were reconstructed taking account of the classification of these assets as discontinued operations.
Following this operation, the term 'continuing operations' will mean all operations existing within the new scope of consolidation of the Eurotech Group starting from 1 March 2016.

Amaro (UD), 11 May 2016

- Consolidated revenues: from €14.51 million to €12.45 million
- Consolidated gross profit: from €7.14 million to €6.03 million
- Consolidated EBITDA: from -€1.39 million to -€0.69 million
- Consolidated EBIT: from -€2.72 million to -€1.92 million
- Consolidated pre-tax result from current operations: from -€1.81 million to -€2.25 million
- Group net loss in operating assets: from -€1.74 million to -€1.73 million
- Consolidated result from discontinued operations: from -€172* thousand to -€152 thousand
- Group net result: from -€1.91 million to -€1.89 million
- Net financial debt: €0.24 million
- Shareholders' equity pertaining to the Group: €103.09 million

° the 2015 figure was reclassified compared to the one presented last year in order to reflect application of IFRS 5

The Board of Directors of Eurotech S.p.A. examined and approved the results of the first quarter of 2016 today.

Eurotech S.p.A. published this content on 11 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 May 2016 21:07:17 UTC.

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