FY2023 Financial Highlights

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Revenues equal to Euro 130.1 million (Euro 57,7 million in Italiy, Euro 72,4 million in Germany), up +9.5% compared to Euro 118.8 million in FY2022.

The increase is driven by organic growth, characterised by the development of higher valueadded services, increasing cross-selling to customers of the acquired companies and the entry of new customers, of which in Italy about +11.0% (core revenue growth was +10.0%), accelerating compared with the first nine months of the year and in Germany about +6.0% (core revenue growth was +6.0%). The contribution of the companies acquired in 2022 and in 2023 was Euro 7.7 million relating to Lansol Datacenter GmbH (“Lansol”) and Euro 4.5 million relating to Global Access Internet Services GmbH (“Global Access”).

FY2023 Financial Highlights

130.1 mln

ADJUSTED REVENUES

Revenues at Euro 130.1 million +9.5% compared to FY2022 (Euro 118.8 million) driven by organic growth in Italy and Germany and the acquisition of new customers in additionto the contribution of the acquired companies. Group recurring revenues at 89% of the total. Recurring revenues in Italy at 81% and in Germany at 95%. German market at 55.7% of overall turnover

50.8 mln

ADJUSTED EBITDA

Adjusted EBITDA at Euro 50.8 million +20.3% compared to FY2022 (Euro 42.2 million) with more than double of the increase in turnover due to cost synergies and the development of higher value-added services in Italy and Germany. German market at 48.3% of Group Adjusted EBITDA.

15.1 mln

ADJUSTED NET PROFIT

Adjusted Net Profit equal to Euro 15.1 million compared to Euro 13.1 million in FY2022 (+14.9%), including the tax effect calculated on normalisations at the consolidated operating result level.

130.1 mln

ADJUSTED REVENUES

Revenues at Euro 130.1 million +9.5% compared to FY2022 (Euro 118.8 million) driven by organic growth in Italy and Germany and the acquisition of new customers in additionto the contribution of the acquired companies. Group recurring revenues at 89% of the total. Recurring revenues in Italy at 81% and in Germany at 95%. German market at 55.7% of overall turnover

50.8 mln

ADJUSTED EBITDA

Adjusted EBITDA at Euro 50.8 million +20.3% compared to FY2022 (Euro 42.2 million) with more than double of the increase in turnover due to cost synergies and the development of higher value-added services in Italy and Germany. German market at 48.3% of Group Adjusted EBITDA.

15.1 mln

ADJUSTED NET PROFIT

Adjusted Net Profit equal to Euro 15.1 million compared to Euro 13.1 million in FY2022 (+14.9%), including the tax effect calculated on normalisations at the consolidated operating result level.

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