Milan, 28 September 2012 – In compliance with the request sent by Consob on 13 September 2012, in accordance with paragraph 5 of article 114, Law Nº. 58/1998, the following information is provided on Prelios S.p.A. and its Group, as of 31 August 2012.
1) Net Financial Position, with current and non-current items reported separately.
Prelios Group’s Net Financial Position at 31 August 2012 was a negative 519.8 million euro, an increase compared with the -497.5 million euro in June 2012.
Prelios S.p.A.’s Net Financial Position at 31 August 2012 was a negative 559.4 million euro, substantially stable compared with the -557 million euro in June 2012.
In relation to the Group’s debt, it is pointed out that the invoices and receipts of the service companies are concentrated in the third month of each quarter, thereby evidencing a slowdown in cash generation in the other months (such as the period July – August referred to here).
Furthermore, the Company’s Net Financial Position was negatively affected in the period July – August not only by the recurring monthly provision of about 4 million euro of financial charges, but also by the payment of about 7 million euro of tax charges and restructuring costs, previously set aside in the financial statements.