WIIT S.P.A.
The Board of Directors of WIIT S.p.A. approves the draft financial statements and the consolidated financial statements at 31 December 2022
PRICE SENSITIVE PRESS RELEASE | Published on 15 March 2023 at 13:59
- Revenues continued to increase to Euro 118.8 million (+54.1%) driven by growth in Italy and Germany
- German market at 51.2% of turnover
- Group recurring revenue at 77% and WIIT (post-merger) at 77% of the total
- Adjusted EBITDA of Euro 42.2 million (+43.0%), up significantly, despite the inflationary effect on costs and the impact of energy, particularly in Germany, the German market accounted for 48.5% of the Group's Adjusted EBITDA
- Significant improvement of EBITDA margin in Italy in the fourth quarter of the year to 39.1% thanks to the focus on value-added services and cost synergies
- Adjusted net profit equal to Euro 12.5 million, up +34.9%
Acquisition of Global Access in Germany in January 2023 for Euro 6.2 million Enterprise Value
- Multi-year order backlog as at 1 January 2023 at Euro 144 million, up from the same period last year, this figure does not include the contribution of Global Access acquired in January 2023
- German market at 51.2% of turnover
- Group recurring revenue at 77% and WIIT (post-merger) at 77% of the total
- Adjusted EBITDA of Euro 42.2 million (+43.0%), up significantly, despite the inflationary effect on costs and the impact of energy, particularly in Germany, the German market accounted for 48.5% of the Group's Adjusted EBITDA
- Significant improvement of EBITDA margin in Italy in the fourth quarter of the year to 39.1% thanks to the focus on value-added services and cost synergies
- Adjusted net profit equal to Euro 12.5 million, up +34.9%
Acquisition of Global Access in Germany in January 2023 for Euro 6.2 million Enterprise Value
- Multi-year order backlog as at 1 January 2023 at Euro 144 million, up from the same period last year, this figure does not include the contribution of Global Access acquired in January 2023
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WIIT S.p.A. published this content on 15 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2023 13:19:04 UTC.
