FY 2025 Financial Highlights
Adjusted Revenues of Euro 167.9 million, +5.9% vs FY2024 (Euro 158.6 million), driven in particular by organic growth in Italy and Germany
Adjusted Revenues of Euro 167.9 million (Euro 58.6 million in Italy, Euro 89.3 million in Germany, and Euro 20.0 million in Switzerland), up 5.9% from Euro 158.6 million in 2024. The increase is driven particularly by reported ARR revenue growth of 7.9%, of which organic 1.3% (+7.4% gross churn effect), broken down as follows: Italy for Euro 55.6 million, or 91.0% of total revenues, a significant improvement over 2024 (83.8%), with organic expansion of 7.8% (+13.6% gross of churn effect and clean up of non-core revenues); Germany: Euro 68.1 million, or 93.5% of total revenues excluding Gecko (96.1% FY2024), 5.0% growth over FY2024, of which Euro 62.7 million from organic revenues -3.3% (+4.0% gross of ordinary and extraordinary churn effect); Switzerland: Euro 12.9 million, accounting for 64.4% of total revenues (67.1% in 2024).
FY 2025 Financial Highlights
167.9 mln
REVENUES
Revenues of Euro 167.9 million, +5.9% compared to FY 2024 (Euro 158.6 million). Reported Group ARR Revenues of Euro 136.6 million, +7.9% vs FY 2024 (Euro 126.6 million)
66.9 mln
ADJUSTED EBITDA
Adjusted EBITDA of Euro 66.9 million, +15.2% vs FY2024 (Euro 58.0 million). Group revenue margin up significantly over the previous year at 39.8% (36.6% in 2024). This result also reflects the cost synergies related to the acquired companies, highlighting a marked growth in profitability, which grew faster than revenues. On a like-for-like basis, the margin would have been 40.1%, up 349 bps vs FY2024
16.5 mln
ADJUSTED NET ADJUSTED
Adjusted Net Profit at Euro 16.5 million, +11.5% vs FY2024 (Euro 14.8 million)
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