H1 2025 Financial Highlights
Revenues at Euro 85.3 million, +17.3% vs H1 2024 (Euro 72.7 million)
The increase was driven by the growth in reported ARR revenues, which amounted to Euro 69.3 million, up +19.1% (+23.2% net of churn effect) compared to H1 2024 (Euro 58.2 million), of which +4.9% was organic growth (+9.1% net of churn effect), broken down as follows: Italy Euro 27.1 million, accounting for 90.3% of total revenues, showing a strong improvement compared to H1 2024 (83.4%), with organic growth of +8.2% (+12.7% net of churn effect); Germany Euro 34.4 million, representing 91.8% of total revenues ex-Gecko (98.2% in H1 2024 and 96.1% in FY 2024), showing growth of +12.4% compared to H1 2024, of which Euro 30.7 million from organic revenues +0.5% (+4.7% net of churn effect); Switzerland: Euro 7.8 million, equal to 71.1% of total revenues (74% in H1 2024).
1H 2025 Financial Highlights
85.3 mln
REVENUES
Revenues of Euro 85.3 million, +17.3% compared to H1 2024 (Euro 72.7 million). Reported Group ARR Revenues of Euro 69.3 million, +19.1% vs H1 2024 (Euro 58.2 million)
34.8 mln
ADJUSTED EBITDA
Adjusted EBITDA of Euro 34.8 million, +30.3% compared to H1 2024 (Euro 26.7 million). Group margin in revenue at 40.8% (36.7% in H1 2024) still affected by the dilutive effect of the consolidation of the business unit Edge&Cloud, Econis AG, and Michgehl & Partner, whose synergies began to materialize during the half-year and whose full impact is expected over the next quarters. The “like-for-like” margin would have been 45.4%, an increase of 870 bps compared to H1 2024
10.0 mln
ADJUSTED NET ADJUSTED
Adjusted Net Profit of Euro 10.0 million, +37.1% compared to H1 2024 (Euro 7.3 million)
H1 2025 Presentation click
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