RECORDATI : LES ACTIONNAIRES APPROUVENT LES BILANS DE L'EXERCICE 2009. DIVIDENDE PAR ACTION 0,275 euro (+ 10 %).

-Les actionnaires approuvent les résultats 2009 : Des produits consolidés pour un montant de 747,5 millions (+ 8,4 %), un résultat d'exploitation (EBIT) de 162,20 millions (+ 12,1 %), un bénéfice net de 110,6 millions (+ 10,1 %).


- Un dividende de 0,275 euro par action à payer, soit une augmentation de 10,0 % par rapport aux dividendes payés l'an dernier. Dividende total de 54,4 millions d'euros.

- Autorisation de rachat sur le marché des actions Recordati renouvelée.

- Nouveau plan de stock-option couvant les quatre exercices 2010-2013 approuvé.

Milan, le 13 avril 2010 - L'Assemblée Annuelle des Actionnaires de Recordati a eu lieu aujourd'hui.

L'Assemblée Annuelle des Actionnaires de Recordati a approuvé les résultats financiers 2009 ayant été préparés dans le respect des principes IAS/IFRS. In addition, the group's consolidated statements, which were also prepared according to IAS/IFRS, were presented. The tables attached contain a summary of the 2009 financial statements. As previously announced on 5 March 2010 revenues are E 747.5 million (+8.4%), operating income (EBIT) is E 162.2 million (+12.1%), and net income is E 110.6 million (+10.1%). International sales account for 71.5% of total sales.

As proposed by the Board of Directors, the shareholders approved a dividend of E 0.275 per share (E 0.25 the preceding year) to be paid to the shares outstanding as from 29 April 2009 (trading ex-dividend as from 26 April 2009), excluding those shares in treasury stock. The overall amount of the dividend to be paid is E 54.4 million compared to E 49.3 million paid the preceding year, an increase of 10.3%.

Furthermore, the Shareholders' Meeting renewed the buy-back authorization granted by the Shareholders on 7 April 2009 for a period ending with the approval of the 2010 accounts. The proposal to renew the authorization to buy back and dispose of Recordati shares grants the Board the possibility of using shares for equity acquisitions or as consideration for strategic agreements; of allowing the company the possibility of investing in its own shares; and of servicing current and future stock option plans with existing shares. The company would be allowed to purchase up to 20,000,000 Recordati existing ordinary (common) shares, which includes those shares held in Treasury stock at any given time, for a maximum cash outlay of E 120,000,000 million. The purchase price must be at least equal to the shares' nominal value (E 0.125) and must not exceed the average official Stock Exchange price recorded over the 5 trading days prior to the transaction, plus 5%. Possible purchases must comply with the Issuers' Regulations. No shares were purchased under the authorization granted by the Shareholders' Meeting of 7 April 2009. The company currently has 11,472,355 shares in Treasury stock which amounts to 5.486% of the current share capital.

The Shareholders' Meeting also approved a new stock option plan covering the four year 2010-2013 period, the details of which have already been published and communicated to the public and are available in the relative explanatory document as required by law. The explanatory document, which is the object of the Board's explanatory report on the third item of the agenda of the Shareholders' Meeting, can be found on the company's website at:

http://www.recordati.com/rec_en/investors/shareholders_meetings/.

First quarter 2010

Revenue performance in the first quarter 2010 is positive despite the expiry in January, in the main European countries, of the composition of matter patent covering lercanidipine. Group sales are E 186 million, an increase of 1.2% over those in the first quarter of the preceding year. Sales of lercanidipine in the first quarter decreased by 13,5% while those of the combined lercanidipine plus enalapril product grew by over 100%. Overall, sales of the lercanidipine franchise are E 51 million.

Recordati, established in 1926, is a European pharmaceutical group, listed on the Italian Stock Exchange (Reuters RECI.MI, Bloomberg REC IM, ISIN IT 0003828271),with a total staff of over 2,800, dedicated to the research, development, manufacturing and marketing of pharmaceuticals. It has headquarters in Milan, Italy, operations in the main European countries, and a growing presence in the new markets of Central and Eastern Europe. A European field force of around 1,400 medical representatives promotes a wide range of innovative pharmaceuticals, both proprietary and under license, in a number of therapeutic areas including a specialized business dedicated to treatments for rare diseases. Recordati's current and growing coverage of the European pharmaceutical market makes it a partner of choice for new product licenses from companies which do not have European marketing organizations. Recordati is committed to the research and development of new drug entities within the cardiovascular and urogenital therapeutic areas and of treatments for rare diseases. Consolidated revenue for 2009 was E 747.5 million, operating income was E 162.2 million and net income was E 110.6 million.

For further information:

Recordati website: www.recordati.com

Investor Relations
Marianne Tatschke
(39)02 48787393
e-mail: [email protected]

Media Relations
Claudio Rossetti (Echo Comunicazione d'Impresa)
(39)02 62694736
e-mail: [email protected]

Statements contained in this release, other than historical facts, are "forward-looking statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements are based on currently available information, on current best estimates, and on assumptions believed to be reasonable. This information, these estimates and assumptions may prove to be incomplete or erroneous, and involve numerous risks and uncertainties, beyond the Company's control. Hence, actual results may differ materially from those expressed or implied by such forward-looking statements. All mentions and descriptions of Recordati products are intended solely as information on the general nature of the company's activities and are not intended to indicate the advisability of administering any product in any particular instance.

RECORDATI GROUP

Summary of consolidated results prepared in accordance with the International Accounting Standards and International Financial Reporting Standards (IAS/IFRS)

(thousands of E)

+-----------------------------------+----------+----------+---------+
|         INCOME STATEMENT          |  2009    |  2008    |Change % |
+-----------------------------------+----------+----------+---------+
|REVENUE                            |  747,524 |  689,634 |     8.4 |
+-----------------------------------+----------+----------+---------+
|Cost of sales                      |(235,623) |(222,196) |     6.0 |
+-----------------------------------+----------+----------+---------+
|GROSS PROFIT                       |  511,901 |  467,438 |     9.5 |
+-----------------------------------+----------+----------+---------+
|Selling expenses                   |(223,724) |(214,245) |     4.4 |
+-----------------------------------+----------+----------+---------+
|Research and development expenses  | (69,445) | (58,860) |    18.0 |
+-----------------------------------+----------+----------+---------+
|General & administrative expenses  | (43,718) | (39,372) |    11.0 |
+-----------------------------------+----------+----------+---------+
|Other income (expenses), net       | (12,810) | (10,231) |    25.2 |
+-----------------------------------+----------+----------+---------+
|OPERATING INCOME                   |  162,204 |  144,730 |    12.1 |
+-----------------------------------+----------+----------+---------+
|Financial income (expenses), net   |  (5,800) |  (6,584) |  (11.9) |
+-----------------------------------+----------+----------+---------+
|Other investments gain (loss), net |  (3,752) |        0 |    n.s. |
+-----------------------------------+----------+----------+---------+
|PRE-TAX INCOME                     |  152,652 |  138,146 |    10.5 |
+-----------------------------------+----------+----------+---------+
|Provision for income taxes         | (42,086) | (37,717) |    11.6 |
+-----------------------------------+----------+----------+---------+
|NET INCOME                         |  110,566 |  100,429 |    10.1 |
+-----------------------------------+----------+----------+---------+
|Attributable to:                   |          |          |         |
+-----------------------------------+----------+----------+---------+
|Equity holders of the parent       |  110,560 |  100,424 |    10.1 |
+-----------------------------------+----------+----------+---------+
|Minority interests                 |        6 |        5 |    20.0 |
+-----------------------------------+----------+----------+---------+

+-------------------+--------+--------+---------+
|EARNINGS PER SHARE | 2009   | 2008   |Change % |
+-------------------+--------+--------+---------+
|Basic              |E 0.561 |E 0.511 |     9,8 |
+-------------------+--------+--------+---------+
|Diluted            |E 0.541 |E 0.501 |     8,0 |
+-------------------+--------+--------+---------+

Earnings per share (EPS) are based on average shares outstanding during each year, 197,222,274 in 2009 and 196,667,301 in 2008, net of average treasury stock which amounted to 11,472,355 shares in both 2009 and 2008.

Diluted earnings per share is calculated taking into account new shares authorized but not yet issued.

+-------------------------+--------+--------+---------+
| COMPOSITION OF REVENUE  | 2009   | 2008   |Change % |
+-------------------------+--------+--------+---------+
|Pharmaceuticals          |720,636 |658,436 |     9.4 |
+-------------------------+--------+--------+---------+
|Pharmaceutical chemicals | 26,888 | 31,198 |  (13.8) |
+-------------------------+--------+--------+---------+
|TOTAL                    |747,524 |689,634 |     8.4 |
+-------------------------+--------+--------+---------+
|- of which International |534,836 |483,786 |    10.6 |
+-------------------------+--------+--------+---------+

RECORDATI GROUP

Summary of consolidated results prepared in accordance with the International Accounting Standards and International Financial Reporting Standards (IAS/IFRS)

(thousands of E)

+------------------------------------------------------------+-----------+-----------+
|                          ASSETS                            |31.12.2009 |31.12.2008 |
+------------------------------------------------------------+-----------+-----------+
|                                                            |           |           |
+------------------------------------------------------------+-----------+-----------+
|Property, plant and equipment                               |    55,381 |    57,969 |
+------------------------------------------------------------+-----------+-----------+
|Intangible assets                                           |    96,512 |    92,635 |
+------------------------------------------------------------+-----------+-----------+
|Goodwill                                                    |   303,653 |   289,822 |
+------------------------------------------------------------+-----------+-----------+
|Equity investments                                          |     3,716 |     7,532 |
+------------------------------------------------------------+-----------+-----------+
|Non-current receivables                                     |     3,804 |     5,199 |
+------------------------------------------------------------+-----------+-----------+
|Deferred tax assets                                         |    21,793 |    22,650 |
+------------------------------------------------------------+-----------+-----------+
|TOTAL NON-CURRENT ASSETS                                    |   484,859 |   475,807 |
+------------------------------------------------------------+-----------+-----------+
|                                                            |           |           |
+------------------------------------------------------------+-----------+-----------+
|Inventories                                                 |    86,627 |    83,087 |
+------------------------------------------------------------+-----------+-----------+
|Trade receivables                                           |   132,621 |   137,015 |
+------------------------------------------------------------+-----------+-----------+
|Other receivables                                           |    22,990 |    22,741 |
+------------------------------------------------------------+-----------+-----------+
|Other current assets                                        |     2,607 |     2,346 |
+------------------------------------------------------------+-----------+-----------+
|Short-term financial investments, cash and cash equivalents |    93,775 |    94,951 |
+------------------------------------------------------------+-----------+-----------+
|TOTAL CURRENT ASSETS                                        |   338,620 |   340,140 |
+------------------------------------------------------------+-----------+-----------+
|TOTAL ASSETS                                                |   823,479 |   815,947 |
+------------------------------------------------------------+-----------+-----------+

+-----------------------------------------------------+-----------+-----------+
|               EQUITY AND LIABILITIES                |31.12.2009 |31.12.2008 |
+-----------------------------------------------------+-----------+-----------+
|                                                     |           |           |
+-----------------------------------------------------+-----------+-----------+
|Share capital                                        |    26,141 |    26,063 |
+-----------------------------------------------------+-----------+-----------+
|Capital in excess of par value                       |    83,719 |    81,320 |
+-----------------------------------------------------+-----------+-----------+
|Treasury stock                                       |  (59,103) |  (59,103) |
+-----------------------------------------------------+-----------+-----------+
|Hedging reserve                                      |   (4,040) |   (2,532) |
+-----------------------------------------------------+-----------+-----------+
|Translation reserve                                  |   (6,178) |   (7,096) |
+-----------------------------------------------------+-----------+-----------+
|Other reserves                                       |    25,025 |    25,733 |
+-----------------------------------------------------+-----------+-----------+
|Retained earnings                                    |   332,836 |   280,920 |
+-----------------------------------------------------+-----------+-----------+
|Net income for the period                            |   110,560 |   100,424 |
+-----------------------------------------------------+-----------+-----------+
|GROUP SHAREHOLDERS' EQUITY                           |   508,960 |   445,729 |
+-----------------------------------------------------+-----------+-----------+
|Minority interest                                    |        19 |        13 |
+-----------------------------------------------------+-----------+-----------+
|SHAREHOLDERS' EQUITY                                 |   508,979 |   445,742 |
+-----------------------------------------------------+-----------+-----------+
|                                                     |           |           |
+-----------------------------------------------------+-----------+-----------+
|Loans due after one year                             |    79,990 |    81,409 |
+-----------------------------------------------------+-----------+-----------+
|Employees' termination pay                           |    19,895 |    19,624 |
+-----------------------------------------------------+-----------+-----------+
|Deferred tax liabilities                             |     5,661 |     7,399 |
+-----------------------------------------------------+-----------+-----------+
|Other non-current liabilities                        |     6,179 |     3,189 |
+-----------------------------------------------------+-----------+-----------+
|TOTAL NON-CURRENT LIABILITIES                        |   111,725 |   111,621 |
+-----------------------------------------------------+-----------+-----------+
|                                                     |           |           |
+-----------------------------------------------------+-----------+-----------+
|Trade payables                                       |    81,751 |    88,598 |
+-----------------------------------------------------+-----------+-----------+
|Other payables                                       |    48,406 |    47,147 |
+-----------------------------------------------------+-----------+-----------+
|Tax liabilities                                      |    12,555 |    10,278 |
+-----------------------------------------------------+-----------+-----------+
|Other current liabilities                            |       517 |       385 |
+-----------------------------------------------------+-----------+-----------+
|Provisions                                           |    21,978 |    15,094 |
+-----------------------------------------------------+-----------+-----------+
|Fair value of hedging derivatives (cash flow hedge)  |     4,040 |     2,532 |
+-----------------------------------------------------+-----------+-----------+
|Fair value of hedging derivatives (fair value hedge) |     2,257 |     1,505 |
+-----------------------------------------------------+-----------+-----------+
|Loans due within one year                            |     2,419 |     2,201 |
+-----------------------------------------------------+-----------+-----------+
|Bank overdrafts                                      |    28,852 |    90,844 |
+-----------------------------------------------------+-----------+-----------+
|TOTAL CURRENT LIABILITIES                            |   202,775 |   258,584 |
+-----------------------------------------------------+-----------+-----------+
|TOTAL EQUITY AND LIABILITIES                         |   823,479 |   815,947 |
+-----------------------------------------------------+-----------+-----------+

RECORDATI S.P.A.

Summary of results prepared in accordance with the International Accounting Standards and International Financial Reporting Standards (IAS/IFRS)

(thousands of E)

+-----------------+--------+--------+-------+
|                 | 2009   | 2008   |Var. % |
+-----------------+--------+--------+-------+
|Net revenue      |256,076 |248,872 |   2.9 |
+-----------------+--------+--------+-------+
|Operating income | 48,144 | 44,701 |   7.7 |
+-----------------+--------+--------+-------+
|Pre-tax income   | 91,329 | 67,097 |  36.1 |
+-----------------+--------+--------+-------+
|Net income       | 76,068 | 52,945 |  43.7 |
+-----------------+--------+--------+-------+

+-------------------------------------------+-----------+-----------+
|                                           |31.12.2009 |31.12.2008 |
+-------------------------------------------+-----------+-----------+
|                                           |           |           |
+-------------------------------------------+-----------+-----------+
|Non-current assets                         |   383,069 |   356,054 |
+-------------------------------------------+-----------+-----------+
|Current assets                             |   149,399 |   201,809 |
+-------------------------------------------+-----------+-----------+
|Total assets                               |   532,468 |   557,863 |
+-------------------------------------------+-----------+-----------+
|                                           |           |           |
+-------------------------------------------+-----------+-----------+
|Shareholders' equity                       |   300,830 |   273,161 |
+-------------------------------------------+-----------+-----------+
|Non-current liabilities                    |    94,539 |    95,372 |
+-------------------------------------------+-----------+-----------+
|Current liabilities                        |   137,099 |   189,330 |
+-------------------------------------------+-----------+-----------+
|Total liabilities and Shareholders' equity |   532,468 |   557,863 |
+-------------------------------------------+-----------+-----------+

DECLARATION BY THE MANAGER RESPONSIBLE FOR PREPARING THE COMPANY'S FINANCIAL REPORTS

The manager responsible for preparing the company's financial reports Fritz Squindo declares, pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the document results, books and accounting records.

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