Circle continues its growth
The Italian software provider Circle Group recorded a value of production of EUR 6.1 million, +27% compared to EUR 4.8 million on 31 December 2018. This result was possible also thanks to significant synergies connected to the purchase of 100% of the Progetto Adele software house in 31 July 2019, a company devoted to logistics and freight forwarding with master sped and master trade software products.
Ebitda amounted to EUR 1.2 million (EUR 1.3 million on 31 December 2018) resulting in a 20% ebitda margin. Net profit totalled EUR 0.5 million (EUR 0.77 million on 31 December 2018) after income tax of EUR 0.11 million.
The board of directors of Circle resolved to propose to the general meeting to allocate the net profit for the year, totalling EUR 522,623, to the legal reserve for EUR 165'000 and to retained earnings reserve for EUR 522,458. (mw)