Tinexta S p A : , prosegue la crescita nel primo semestre. eccellente generazione di cassa, guidance confermata.
August 02, 2023 at 07:56 am EDT
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2/8/2023
TINEXTA CONTINUES TO GROW IN THE FIRST HALF. EXCELLENT CASH GENERATION, GUIDANCE CONFIRMED
Board of Directors approved results at 30 June 2023
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Results 1H 2023
- Revenues: € 182.5 million, +9%
- Adjusted EBITDA: € 37.9 million, +2%
- EBITDA: € 34.5 million, +6%
- Adjusted operating profit: € 28.0 million, -3%
- Operating profit: € 15.2 million, -4%
- Net profit: € 45.4 million, +220%
- Net profit from continuing operations: € 9.3 million, -14%
- Adjusted Free Cash Flow from continuing operations: €29.3 million, +27% (€55.7 million in the last 12 months as at 30 June 2023)
- Net financial indebtedness: €52.6 million (€77.6 million as at 31/12/2022)
GUIDANCE CONFIRMED
2023 consolidated revenues up 11%-15% and 2023 Adjusted EBITDA up 8%-12% with the same scope at 31 December 2022
2 August 2023 - The Board of Directors of Tinexta S.p.A., a leading provider of Digital Trust, Cyber Security, and Business Innovation services, listed in the Euronext Star Milan segment, organised and managed by Borsa Italiana, which met today under the chair of Mr Salza, approved the Half-yearly Financial Report at 30 June 2023. In the first half of the year, Revenues amounted to €182.5 million (+8.6%), adjusted EBITDA to €37.9 million (+2.3%) and Net profit from continuing operations was €9.3 million.
The Chairman Enrico Salza declared: "The Group continues to grow along the lines outlined in the business plan. Aimed at supporting companies and the digitalisation of processes, Tinexta's strategy is confirmed as effective in identifying the companies' needs and in responding to the increasingly rapid markets evolution. Now more focused on the operational level and more robust on the financial level, the Group's future is aimed at strengthening results in the country and to a wider international outlook."
The Chief Executive Officer Pier Andrea Chevallard commented: "A positive first half, with revenue and EBITDA growth. Worthy of mention are the results of the Cybersecurity BU which, after a period of consolidation and normal business adjustments, started its growth path while confirming its strategic asset value. Cash generation is also excellent. The half-year results allow us to confirm the guidance for the current year, confident that, thanks to our business model, we will be able to seize all opportunities in a constantly evolving macroeconomic scenario".
Tinexta S.p.A. published this content on 02 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2023 11:55:02 UTC.
Tinexta SpA is an Italy-based holding company primarily engaged in the Software and Internet services industry. Through its subsidiaries it operates into three segments: Digital Trust, Cybersecurity, and Business Innovation. Digital Trust offers solutions for the digital identity and the dematerialization of the processes with products and services, such as: certified electronic mail, electronic archiving, digital signature, electronic invoicing, and solutions for safe and simplified transmission of legal and financial documents. Cybersecurity helps clients in any process related to the digital transformation with products related to digital identity and security. Moreover, it provides solution to organizations that need to manage cyber risk, to prevent and reduce the damage resulting from cyber-attacks. Business Innovation provides services to enterprises by supporting and providing consulting services and by facilitating access to financing and to the internationalization processes.