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Reply SpA (REY.MI)

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Wed, Jul 4 2018

Italy's Reply to press ahead with M&A for further growth

MILAN, July 4 Italy's digital services group Reply intends to grow further through mergers and acquisitions with a focus on Europe and the U.S., the company's chairman and co-CEO told Reuters on Wednesday. The Turin-based group, which had sales of just under 900 million euros last year, bought U.S. digital consultancy Valorem in April and Germany's CSPI last week.

BRIEF-Reply Acquires Majority Stake In Valorem

* VALOREM IS BASED IN THE U.S. AND SPECIALISES IN DIGITAL STRATEGY CONSULTING Source text for Eikon: Further company coverage: (Gdynia Newsroom)

BRIEF-Reply FY Net Profit Up At EUR 77.9 Mln

* FY TURNOVER EUR 884.4 MILLION VERSUS EUR 780.7 MILLION YEAR AGO

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