The Board of Directors of WIIT S.p.A. approves the results at 31 March 20221
Revenues continue to increase to Euro 26.4 million (+48.6%) driven by organic
growth of the parent company (+9%), the extension of contracts and the acquisition
of new customers, as well as the contribution of MyLoc and the German companies
Mivitec and Gecko Boreus, acquired in 2021
The German market represents 53.6% of turnover and 51.9% of Adjusted EBITDA
of the WIIT Group
Adjusted EBITDA equal to Euro 10.1 million (+40.9%), with a 38.2% margin.
an improvement over the last quarter of 2021 (35%)
Adjusted net profit equal to Euro 3.2 million
1 For the definitions of EBITDA, Adjusted EBITDA, EBIT, Adjusted EBIT, Net Financial Position/Net Debt, Adjusted Net Profit, please
refer to the section "Alternative Performance Indicators" at the end of this press release.
