Results 2022

28 Mar 2023 18:07 CEST

Press release – March 28, 2023

Results 2022: +50% on Net Results, Sales and EBITDA meet forecasts

✓ Consolidated revenues grow 7% or € 9.09 million; € 140.89 million vs. € 131.80 million (2022 vs. 2021).

✓ Gross profit in 2022 amounts to € 11.84 million vs. € 10.21 million (+16%) in the same period of the previous year.

✓ In the financial year 2022, Mexedia produced an EBITDA of € 8.37 million vs. € 7.05 million (+19%) for the financial year 2021, with a margin on revenues of 5,9%.

✓ Group net result is € 4.43 million vs. € 2.95 million for year 2021; +50%.

✓ Sales and EBITDA are in line with the forecast for the year ending December 31, 2022.

Rome, March 28, 2023

The Board of Directors of Mexedia S.p.A. SB, approved on March 28, 2023 the consolidated annual financial report for year 2022 and the consolidated non-financial report for the same year.

For Orlando Taddeo, CEO of Mexedia S.p.A. SB: “It was a very positive year for Mexedia Group. Today the Board of Directors of Mexedia Spa SB approved the consolidated annual financial report for 2022 and the consolidated non-financial report for 2022. The results obtained are satisfactory and show an increase of margins and Ebitda. The development of Mexedia continued also in 2022 and the consolidated results confirm the correct strategic vision and the validity of the activities implemented. All this allows us to look to the future with confidence by aiming for ambitious goals.”

Results 2022

(in € thousands)

Business overview

The consolidated relationships with customers produced increased trading platform services volumes.

Furthermore, in the same period, trading of SMS began, and despite limited volumes, their growth perspective are important.

Margins improved thanks to negotiation activities carried out with suppliers that have led to the optimization of purchase costs, especially in relation to routes with strategic countries (Africa and Latin America).

For the year 2022 Mexedia Group recorded consolidated revenues of € 140,896 thousand against € 131,801 thousand in 2021, a growth of +7% compared to the previous year.

Mexedia Group closed 2022 with a positive consolidated EBITDA of € 8,371 thousands compared to € 7,051 thousands in 2021 (+19%) and, even better, a consolidated net profit of € 4,432 thousands compared to € 2,958 thousands of 2021 (+50%).

Financial overview

Consolidated shareholders' equity amounts to€ 62,668 thousands compared to € 57,991 thousands in 2021 and shows an increase of € 4,677 thousands (+8%).

Net Financial Position was negative for € 26,379 thousands, an increase compared to the negative value of € 18,395 thousands in 2021. The change is attributable to the financial requirement deriving from the change in working capital due to the increase in turnover and the consequent greater use of credit financial instruments.

The annual financial report for 2022 will be made public on April 28, 2023.

It will be available on the Company’s website at: https://mexedia.com/en/documentation/

The undersigned Orlando Taddeo as Chief Executive Officer and Fabio Focarelli Barone as Manager in charge for preparing the corporate accounting documents, declares, pursuant to paragraph 2 of article 154-bis of the italian Legislative Decree n. 58 of 24 February 1998, that theaccounting information contained in this press release corresponds to the accounting figures, books and records.

Upcoming events

Shareholders meeting convened for the approval of the Annual financial report (rapport financier annuel) at December 31, 2022.

Publication of Annual financial report 2022: April 28, 2023, after market close.

Contacts

Investor Relator

Citigate Dewe Rogerson

Antoine Loudenot

mexedia@citigatedewerogerson.com

T.: +33 664 12 53 61

ABOUT Mexedia S.p.A. SB (https://mexedia.com/en/)

Mexedia is an Italian company active in the tech sector, formerly known as Airtime Partecipazioni. It has been listed in France on Euronext Growth Paris since September 2021 (ISIN:IT0005450819).

Mexedia offers innovative solutions and consolidated tools encapsulated in a single integrated technology ecosystem to enable companies to manage all customer communication activities.

Founded by serial entrepreneur Orlando Taddeo, it generated consolidated revenues of 131 million euros in 2021 with 7 millions of EBITDA.