Almawave, 9 months revenues + 26.6% to 22.7 million. Profit jump + 430.2% to 1.8 million

Growth in revenues and strong acceleration in profits for Almawave in the first nine months of the year. The group recorded a 25.6% increase in revenues to € 22.7 million compared to the same period of 2020. Adjusted EBITDA was 5.4 million (+ 34.2%) and EBITDA reported to € 5.2 million (+ 29.1% + 30.4% at constant exchange rates). The EBITDA adjustes margin rises to 23.7% (22.2% in the same period of the same year) and the EBITDA reported margin to 22.8%. Adjusted EBIT stood at € 3.1 million (+ 48.9%) and reported EBIT at € 2.9 million (+ 39.0%, + 40.5% at constant exchange rates). Net profit shows a jump of 430.2% to 1.8 million. The backlog at 30 September was equal to 56 million euros and the positive net financial availability amounted to 14.0 million euros (12.9 million euros in the first half of 2021 and -13.8 million euros at 31 December 2020). “This performance – commented the managing director of Almawave, Valeria Sande – demonstrates the full implementation of the strategic guidelines presented at the beginning of the year in the ipo phase and is proof of the great work done by the company and its people in this period. Revenues show more than significant growth rates in the first nine months, with an increase of 38.2% in the quarter alone compared to the same period of last year. Great dynamism also in the growth of margins and, above all, of net profit which rises by more than 400%. I therefore express satisfaction with these numbers which are a coherent representation of the trend of our business, characterized by the acquisition of new projects, customers and partners, as well as by constant technological evolution that obtains market recognition more and more frequent “. “Only six months after the listing, Almawave confirms the solidity and constant acceleration of its path, effectively following up the extensive backlog, in particular with the Public Administration. This latter context may further evolve also due to the Pnrr, in support of the Country System. Strengthened by these numbers and the investments in the field, we look to the future with optimism, maintaining the objective of further improving the positioning of the Company in all its activities. In terms of external growth, the Company is actively working, in line with its expansion strategy “underlined the CEO Sandei. In a very positive scenario for the sector, the Company is continuing to successfully demonstrate the goodness of its business model. In the nine months of 2021, in particular, the excellent performance of the Government division continued and the growth of the Enterprise & Transportation part as well as of the International component. The company continues to strengthen its leadership in the advanced Information Management sector, proposing a distinctive vision capable of enhancing not only its own skills but also its technological assets, with the aim of optimizing the use of data and information throughout the within large organizations, creating simple services for end users. In the context of Big Data & Digital Transformation services, the growth path in activities towards the Public Administration, linked to the development of contracts with the Central and Local Public Administration, is continuing dynamically. In this context, Almawave closes the first nine months of 2021 with a considerable performance at all levels, both in the top line and in margins, also achieving consistent cash generation.