Tinexta: cresce il primo trimestre 2024 e viene confermata la guidance

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."