Buongiorno Announces Share Buyback Plan, Breaks Down Region Revenue

Buongiorno (BIT: BNG) has released its preliminary financial results for 2008, showing strong revenue and EBITDA growth (mostly through acquisitions) which we have reported on earlier. The company also announced that it would propose a share buyback plan, acquiring up to 10 million ordinary shares at a nominal value of 0.26 euros each (US$0.34). That would be equivalent to 9.4 percent of the current share capital.

The company also broke down its revenues by region. The largest region for the company was Iberia at 108 million euros after a year-on-year growth of 96.4 percent. UK & International (which appears to be english-speaking countries except for Nth America) grew 258 percent in the year to 90 million euros, and the homeland of Italy & Med fell 2.9 percent to 40 million euros. The fastest growing region was Latin America, which jumped 326.1 percent to 22.5 million euros. France brought in 24.5 million euros, GSA 11.4 million euros, Nth America 18.9 million euros and “other” 254 thousand euros.

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