PRESS RELEASE
EXPRIVIA' BOARD OF DIRECTORS APPROVES 2021 ANNUAL
FINANCIAL REPORT.
ALL PERFORMANCE INDICATORS UP, NET PROFIT OVER 10 MILLION EURO, STRONG IMPROVEMENT IN NET FINANCIAL DEBT.
PROPOSED DISTRIBUTION OF A DIVIDEND OF EUR 0.048
PER SHARE.
- Revenues: 181.7 million, +8% compared to 167.8 million euro in 2020
- EBITDA: 24.6 million euro (13,5% of revenues), +15% compared to 21,4 million euro in 2020
- EBIT: 18.1 million euro (10% of revenues), +21% compared to 15.0 million euro in 2020
- Net result: 10.1 million euro, + 17% compared to 8.6 million euro in 2020*
- Net Financial Debt: equal to-26.5 million euro, an improvement of 13.8 compared to -40.3 in 2020
March 15, 2022.The Board of Directors of Exprivia - a company listed on the MTA market of Borsa Italiana [XPR.MI] - today approved the Annual Financial Report as at 31 December 2021.
In 2021 Exprivia recorded an 8% increase in revenues and a gross operating margin of 13.5% of the revenues, leading to a net profit of EUR 10.1 million; economic data which, with the strong reduction of the debt of EUR
13.8 million, confirm the excellent performance of the entire Group. Even better results have been achieved by the parent company Exprivia Spa, which recorded a significant increase in revenues, +9%, and a gross operating margin of 15.8% of revenues.
The overall performance has been up in all the markets in which the Group operates, including Utilities with +18%, Defence and Aerospace, +16%, Public Administration, +12%, Telco&Media, +12%. Good performance in the Healthcare sector with +5%, Banks and Insurance, +4%, Industry, +2%. The international area improved, with an increase in revenues, +89%, and a recovery in margins.
*The 2020 results refer to "continuing operations" and therefore exclude the contribution of the Italtel Group deconsolidated at December 31, 2020 and represented as a "discontinued operations" in accordance with IFRS 5.
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PRESS RELEASE
Results of the Parent Company as at the 31stDecember 2021
Revenues are equal to EUR 164.3 million, +9% compared to EUR 151.2 in 2020.
EBITDA amounted to EUR 26.0 million (15.8% of revenue), up 19% from EUR 21.8 million in 2020. EBIT amounted to EUR 17.9 million (10.9% of revenues), up 15% from EUR 15.6 million in 2020. Net profit amounted to EUR 10.2 million (6.2% of revenues), compared to EUR 10.2 million in 2020. Shareholders' equity at the 31stDecember 2021 has been EUR 76.4 million, compared to EUR 66.1 at 31 December 2020.
Net financial debt at 31 December 2021 was EUR -29.2 million compared to EUR -40 at 31 December 2020, thus improving by EUR 10.8 million.
Further decisions of the Board of Directors
Today's Board of Directors reviewed and approved the Directors' Report on Corporate Governance and Ownership Structure, the Report on Remuneration Policy and Compensation Paid and the Consolidated Non- Financial Statement for 2021 pursuant to Italian Legislative Decree 254/16.
Following the results achieved in the financial year 2021, Exprivia's Board of Directors has decided to propose to the next Shareholders' Meeting, which will be convened for 28 April 2022 on first call and 29 April 2022 on second call, the distribution of a gross dividend of EUR 0.048 per ordinary share, with detachment of coupon no.11 coupon no. 11 on May 9 2022 (ex date), date of entitlement to payment pursuant to article 83-terdecies TUF on May 10 2022 (record date) and payment date on May 11 2022 (payment date).
The Board of Directors also mandated the Chairman and Chief Executive Officer to convene the Ordinary Shareholders' Meeting.
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"In a truly extraordinary year - saysDomenico Favuzzi, chairman and CEO of Exprivia -our Group has recorded an excellent performance, showing that it has been able to understand and follow the major changes underway, of which digitalisation is the driving force. We have been focusing on consolidating the positions acquired in the market, such as Healthcare, Public Administration, Banks and Insurance, supporting our customers in the difficult post-pandemic recovery phase. We have increased our activities in the field of Cybersecurity, and applications based on Artificial Intelligence, consolidated our position in Defense and Aerospace, becoming distinctive in the space economy ecosystem.
With solid fundamentals, given by year-on-year growth on a like-for-like basis and strongly reduced financial debt, with the trust of our customers, our employees, and a determined and cohesive management, we are preparing today to strengthen our Group, through new strategic lines of development that will see us increasingly and better oriented to the challenges that lie ahead. Lastly, and precisely in consideration of the results achieved, we decided to propose, after a few years, the distribution of a dividend. "
The manager responsible for preparing the company's financial reports, Valerio Stea, declares, pursuant to paragraph 2 of Article 154 bis of the Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the document results, books and accounting records.
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PRESS RELEASE
Exprivia
Exprivia is the head of an international Group specialized in Information and Communication Technology able to address the drivers of change in the business of its customers thanks to digital technologies.
With a consolidated know-how and a long experience given by the constant presence on the market, the Group has a team of experts specialized in different technological and domain fields, from Capital Market, Credit & Risk Management to IT Governance, from BPO to CyberSecurity, from Big Data to the Cloud, from IoT to Mobile, from networking to business collaboration up to the SAP world. The Group supports its customers in the Banking & Finance, Telco & Media,Energy & Utilities, Aerospace & Defense, Manufacturing & Distribution, Healthcare and Public Sector sectors. The offer includes solutions consisting of own and third-party products, engineering and consulting services.
Today the Group has about 2,400 professionals distributed in 7 countries worldwide.
Exprivia S.p.A. is listed on the Italian Stock Exchange on the Euronext Milan (XPR) market.
The company is subject to the management and coordination of Abaco Innovazione S.p.A.
Contact
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Exprivia SpA |
Press Office |
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Investor Relations |
Mediterranean Sec |
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Gianni Sebastian |
T. +39 080/5289670 |
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Teresa Marble |
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T. + 39 0803382070 - F. +39 0803382077 |
marmo@secrp.com- Cell. +39 335/6718211 |
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Gianluigi Conese |
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conese@secrp.com- Cell. +39 335/7846403 |
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Sec and Partners |
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T. +39 06/3222712 |
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Martina Trecca |
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trecca@secrp.com- Cell. +39 333/9611304 |
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Andrea Lijoi |
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lijoi@secrp.com- Cell. +39 329/2605000 |
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PRESS RELEASE
CONSOLIDATED BALANCE SHEET AND FINANCIAL POSITION AS AT 31 DECEMBER 2021
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Disclaimer
Exprivia S.p.A. published this content on 16 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2022 08:21:30 UTC.
