SIA shareholders' meeting approves 2015 balance sheet

Source: SIA

SIA’s Ordinary Shareholders’ Meeting, held today under the chairmanship of Giuliano Asperti with the participation of the 95.59% of the Company’s capital, approved the balance sheet for the financial year 2015, the distribution of the dividend and appointed the new Board of Statutory Auditors, its chairman and the new auditing firm.

The Shareholders’ Meeting decided to distribute an ordinary dividend for the financial year 2015 of €49.69 million corresponding to €0.29 (+38% compared to 2014) for each of the 171,343,227 shares. Said dividends will be paid starting from Thursday 21st April 2016.

  • 2015 saw SIA’s revenues rise to €388.8 million with a growth of €51.9 million (+15.4%).
  • EBITDA also increased to €116.6 million, up by €15 million (+14.7%) and the operating result reached €95.4 million with an improvement of €15.3 million (+19.1%).
  • Net profit rose to €73 million with an increase of €12.7 million (+21.1%) over 2014.

The achievement of these results was made possible by a growth in electronic payment transactions, an increase in traffic volumes on the SIAnet network, the acquisition of new customers and by cross-selling, as well as by the development of new services and products.

The Shareholders Meeting also appointed the new Board of Statutory Auditors, which will remain in office until the meeting convened to approve the financial results at 31st December 2018.

The Board is made up of Riccardo Ranalli (elected Chairman), Claudia Cattani and Andrea Bignami, as standing statutory auditors, Federica Mantini and Antonia Coppola as substitute statutory auditors. The agreed consideration is €45,000 for the Chairman and €30,000 for each standing statutory auditor.

Finally, the Meeting appointed PricewaterhouseCoopers to be the new Auditing Firm for the financial years 2016-2018. 

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