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FY2024 Financial Highlights

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Adjusted Revenues at Euro 158.6 million, +21.9% vs FY2023 (Euro 130.1 million)

The increase is driven in particular by the organic growth of ARR reported revenues of +6.1%, of which in Italy about +8.3% year-on-year and in Germany about +4.2%.
The total contribution of the acquired companies/business units amounted to Euro 22.3 million, of which (i) Euro 6.4 million (85.5% Recurring Revenue) related to the Edge&Cloud business in Germany, consolidated as of 1 April 2024; (ii) Euro 15.1 million (67.9% Recurring Revenue) related to Econis AG in Switzerland, consolidated as of 1 May 2024; and (iii) Euro 0.8 million (93.8% Recurring Revenue) related to Michgehl & Partner, consolidated as of 1 November 2024.
FY2024 Financial Highlights
158.6 mln
ADJUSTED REVENUES
Adjusted Revenues of Euro 158.6 million, +21.9% compared to FY2023 (Euro 130.1 million). Reported Group ARR Revenues of Euro 128.4 million , 90.3% of total revenues (89% in 2023), of which in Italy 87.2% (81% in 2023), in Germany 96.1% (95% in 2023), and in Switzerland 67.9% of the total
50.8 mln
ADJUSTED EBITDA
Adjusted EBITDA of Euro 58.0 million, +14.4% compared to FY2023 (Euro 50.8 million). Group revenue margin at 36.6% (39.0% in 2023), impacted by recent acquisitions, whose cost synergies are expected over the next 12 months. Improved margin in Italy at 46.1% vs 43.0% in 2023 and in WIIT AG in Germany “like for like” (exc. Gecko) at 41,1% (36,1% in 2023)
9.3 mln
ADJUSTED NET PROFIT
Reported Net Profit of Euro 9.3 million, +11.0% compared to FY2023 (Euro 8.3 million)
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9M 2024 Results