1Q2025 Financial Highlights
Revenues at Euro 41.1 million, +22.6% vs 1Q2024 (Euro 33.5 million)
The increase is driven in particular by the organic growth of ARR reported revenues of +4.6%, of which in Italy about +7.4% year-on-year and in Germany about +2.1%. The total contribution of the acquired companies/business units amounted to Euro 7.7 million, of which (i) Euro 1.9 million (100.0% Recurring Revenue) related to the Edge&Cloud business in Germany, consolidated as of 1 April 2024; (ii) Euro 4.6 million (65.4% Recurring Revenue) related to Econis AG in Switzerland, consolidated as of 1 May 2024; and (iii) Euro 1.2 million (72.1% Recurring Revenue) related to Michgehl & Partner, consolidated as of 1 November 2024.
1Q2025 Financial Highlights
41.1 mln
REVENUES
Revenues of Euro 41.1 million, +22.6% compared to Q1 2024 (Euro 33.5 million). Reported Group ARR Revenues of Euro 33.7 million, +26.2% vs Q1 2024 at 89.9% of total revenues (90,1 %in Q1 2024)
15.8 mln
ADJUSTED EBITDA
Adjusted EBITDA of Euro 15.8 million, +21.0% compared to Q12024 (Euro 13.0 million). Group margin in revenue at 38.4% (38.9% in Q1 2024, 36.6% in FY 2024), impacted by recent acquisitions, whose
cost synergies are expected over the next 12 months. The “like-for-like” margin would have been 42.9%, an increase of 400 bps compared to Q12024
4.3 mln
ADJUSTED NET ADJUSTED
Adjusted Net Profit of Euro 4.3 million, +4.1% compared to 1Q2024 (Euro 4.1 million)
Q1 2025 Presentation click
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