Tinexta: cresce il primo trimestre 2024 e viene confermata la guidance
May 14, 2024 at 08:11 am
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13/5/2024
Tinexta: growth in the first quarter of 2024, guidance confirmed
Board of Directors approves results as at 31 March 2024
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RESULTS 1Q 2024
Revenues: €98.4 million +14%
EBITDA Adjusted: €15.4 million +3%
EBITDA: €8.6 million -36%
Adjusted Operating Profit: €8.1 million -20%
Net Profit/Loss: €-2.0 million
Adjusted Net Profit from continuing operations: €5.8 million -15%
Adjusted Free Cash Flow from continuing operations: €27.2 million (€61.4 million in the last 12 months as at 31 March 2024)
Net financial debt: €240.11 million (€102.0 million as at 31 December 2023)
GUIDANCE CONFIRMED
2024
Consolidated revenues: +21%-23% vs. 2023 (+7% on a like-for-like basis)
Adjusted EBITDA: +28%-32% vs. 2023 (+10% on a like-for-like basis)
The debt ratio (NFP/Adjusted EBITDA), considering only the acquisitions completed as at 31 March 2024, is expected to be between 1.7x and 1.9x at the end of 2024
The launch of the Treasury Shares buyback and disposal program has been approved in accordance with the authorization of the Shareholders' Meeting on 23 April 2024.
14 May 2024 - The Board of Directors of Tinexta S.p.A., a leading provider of Digital Trust, Cybersecurity and Business Innovation services, listed in the Euronext Star Milan segment, organised and managed by Borsa Italiana, which met today under the chairmanship of Mr Salza, approved the Interim Report on Operations as at 31 March 2024. In the first quarter, Revenues amounted to €98.4 million (+14.4%), Adjusted EBITDA to €15.4 million (+2.7%) and adjusted net profit from continuing operations was €5.8 million (-15.4%).
The Chairman Enrico Salza stated: "The Tinexta Group continues to pursue its own growth path, organically and through the acquisition of specialised companies, remaining faithful to its business plan, which is based on a solid balance sheet".
The Chief Executive OfficerPier Andrea Chevallard commented: "All the Group's business units have positively contributed to the results for the first quarter, supporting a double-digit revenues growth. In particular, the growth in the first quarter of 2024 was driven by the increased offering of technological services related to Digital Trust and Cybersecurity, with the aim of improving the safety of the infrastructures of companies and public institutions. Regarding the Business Innovation BU, performance was strongly influenced by an increasingly pronounced seasonality in favour of the second part of the year, when companies are expected to accelerate investments in innovation. We confirm the year-end objectives already announced to the market."
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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.