Interim Results 2023
28 Sep 2023 18:22 CEST
Issuer
MEXEDIA S.P.A.
Press release – September 28, 2023
Interim Results 2023
✓ Consolidated revenues with a double-digit growth; € 133.36 million vs. € 83.68 million (2023H1 vs. 2022H1); an increase of 59%.
✓ Gross profit in the first half of 2023 amounts to € 7.08 million vs. € 5.90 million (+20%) in the same period of the previous year.
✓ In the first 6 months of 2023, Mexedia produced an EBITDA of € 4.104 million vs. € 4.027 million (+2%) in the first half of 2022, with a margin on revenues of 3.1%.
✓ Sales and EBITDA are in line with the forecast for the year ending December 31, 2023.
Rome, September 28, 2023
The Board of Directors of Mexedia S.p.A. SB, approved interim results for the current year on September 28, 2023.
For Orlando Taddeo, CEO of Mexedia S.p.A. SB: “It was a positive first half of 2023 paving the way for a stronger H2. Good results were achieved in terms of revenues and EBITDA margins. The results obtained are in line with the forecast data for the current year.”
H1 2023 results
|
IFRS (in Euro thousands) |
30 June 2023 |
30 June 2022 |
% var. |
var. |
|
|
|
|
|
|
|
Revenue |
133,362 |
83,683 |
59% |
49,679 |
|
Gross profit |
7,085 |
5,909 |
20% |
1,176 |
|
as a % of revenues |
5.3% |
7.1% |
|
|
|
Operating expenses |
(2,981) |
(1,882) |
|
(1,099) |
|
EBITDA |
4,104 |
4,027 |
2% |
77 |
|
as a % of revenues |
3.1% |
4.8% |
|
|
|
Current depreciation and amortisation |
(83) |
(84) |
|
1 |
|
Current operating income (expense) |
4,021 |
3,943 |
2% |
78 |
|
Finance income (expense) |
(2,355) |
(1,722) |
|
(633) |
|
Other non-current income and expenses |
(208) |
(290) |
|
83 |
|
Operating income (expense) |
1,458 |
1,931 |
(24%) |
(472) |
|
Tax expenses |
(14) |
(348) |
|
334 |
|
Net income (expense) for the financial period |
1,444 |
1,583 |
(9%) |
(139) |
Business overview
First half of the year focused on the integration of the US operating companies acquired in January, providing significant turnover to help strengthen the consolidated position, and to manage through the integration issues.
Consolidated revenues for the first half of 2023 amounted to € 133.36 million (vs. € 83.68 million in the same period of the previous year, +59%).
The US division generated 69% of the total amount of sales revenues for the Group.
Enterprise business started up with a 1% participation of revenues and with a strong positive outlook for the second half of the year.
EBITDA amounts to € 4,104 million (vs. € 4,027 million in the same period of the previous year, +2%).
The financial report for the 2023 interim financial statements will be made public on October 29, 2023.
It will be available on the Company’s website at: https://mexedia.com/en/financial-statements-and-reports/
The undersigned Elio Cosimo Catania as Chairman of the Board of Directors and Orlando Taddeo as Chief Executive Officer declare, pursuant to paragraph 2 of article 154-bis of the italian Legislative Decree n. 58 of 24 February 1998, that the accounting 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, 2023.
Publication of Annual financial report 2023: April 29, 2024, after market close.
Contacts
Investor Relator
Vincenzo La Barbera
investor.relations@mexedia.com
M.: +39 351 844 72 29
ABOUT Mexedia S.p.A. - Società Benefit (www.mexedia.com/en/)
Mexedia is an Italian tech company, formerly known as Airtime Partecipazioni. It has been listed in France on Euronext Growth Paris since September 2021 (ISIN:IT0005450819).
Becoming “Benefit Company” in July 2022, Mexedia offers innovative solutions and consolidated tools encapsulated in a single integrated technology ecosystem to enable businesses to manage all activities related to Customer Experience, Business Automation, and Business Intelligence.
Founded by serial entrepreneur Orlando Taddeo, it generated consolidated revenues of 141 million euros in 2022 with 8 millions of EBITDA.
Source
MEXEDIA S.P.A.
Provider
Euronext
Company Name
MEXEDIA S.P.A
ISIN
IT0005450819
Symbol
ALMEX
Market
Euronext Growth