9M2022 Financial Highlights

Continued increase in revenue to Euro 85.3 million (+61.1%) driven by the growth in Italy and Germany, Adjusted EBITDA of Euro 29.8 million (+37.0%)

Continued increase in revenue to Euro 85.3 million (+61.1%) driven by the growth in Italy and Germany, German market at 51.1% of the turnover Group recurring revenues at 77% and WIIT (post merge) at 79% of the total. Adjusted EBITDA of Euro 29.8 million (+37.0%), a significant increase despite the inflationary effect on costs and the impact of energy, particularly in Germany. German market representing 48.4% of the Group Adjusted EBITDA.  Adjusted net profit equal to Euro 9.6 million, up +29.5%.
9M2022 Financial Highlights
85.3 mln
ADJUSTED REVENUES
Consolidated revenue amounted to Euro 85.3 million (Euro 53.0 million in 9M 2021), +61.1% compared to the same period last year. Increase driven by organic growth, characterised by the development of higher value-added services, increasing cross-selling to customers of acquired companies and the entry of new customers, of which in Italy by about 2% (doubledigit progress of WIIT stand-alone by 17% and rationalisation of the turnover of the other Italian companies with focus on higher value-added revenues) and in Germany (MyLoc and Mivitec merge) by about 20%. The contribution of the companies acquired after 30 September 2021 was Euro 23.5 million related to Gecko and Boreus and their subsidiaries, Euro 0.7 million related to Lansol and Euro 4 million related to ERPTech.
29.8 mln
ADJUSTED EBITDA
Adjusted EBITDA of Euro 29.8 million (+37.0%), a significant increase despite the inflationary effect on costs and the impact of energy, particularly in Germany; German market representing 48.4% of the Group Adjusted EBITDA
9.6 mln
ADJUSTED NET PROFIT
Adjusted net profit at Euro 9.6 million at 9M2022 from Euro 7.4 million in 9M2021 The item mainly contains interest payable on the bond issued in October 2021.
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