9M2023 Financial Highlights

Revenues equal to Euro 64.2 million, up +18.2% compared to Euro 54.3 million in 1H 2022. The increase is driven by organic growth, characterised by the development of higher value-added services, increasing cross-selling to customers of the acquired companies and the entry of new customers, of which in Italy about +8.5% (core revenue growth was +19,7%) and in Germany about +6.4% (core revenue growth was +7,6%) accelerating in the second quarter of the year. The contribution of the companies acquired in 2022 and in the first months of 2023 in 1H 2023 was Euro 3.8 million relating to Lansol, Euro 2.2 million relating to Global Access and Euro 3.0 million to ERPTech (merged into WIIT since the second quarter of the current year).

Consolidated Adjusted EBITDA equal to Euro 24.3 million (Euro 19.7 million in 1H 2022), +23.4% compared to 1H 2021 thanks to the concentration in Cloud services, the level of optimisation achieved in the organisation of processes and operational services, cost synergies and the continuous improvement of the margin of the acquired companies. Margin on revenue at 37.9% significantly improved from FY2022 (35.5%) in line with the first quarter of the year.

Adjusted Net Profit equal to Euro 6.7 million compared to Euro 6.1 million in 1H 2022 (+8.3%), including the tax effect calculated on normalisations at the operating result level.