(Finance) – Tecma Solutionsa Tech Company listed on Euronext Growth Milan and specialized in Digital Transformation for the Real Estate sector, closed on 2023 with Revenues from sales equal to 12.28 million euros, up by 16.2% compared to 31 December 2022 (10.57 million euros), mainly due to the strong growth recorded on the foreign market (+90.8%) compared to a stable domestic market and well above the +5/10% guidance announced last September.
L’EBITDA is equal to -1.47 million euros (an improvement compared to the -2.26 million euros recorded in 2022) and EBITDA of the core business equal to -1.79 million euros, a significant improvement (-2.60 million euros in 2022) and higher than the guidance announced last September (core business EBITDA 2023 improving compared to 2022).
The Net income is equal to -7.70 million euros (-7.79 million euros at 31 December 2022), also due to the effect of approximately 1.13 million euros of non-recurring charges and costs mainly linked to the implementation of the strategic program announced in May 2023 as well as contingent liabilities on invoices to be issued allocated in previous years and costs relating to the previous year not allocated.
“The first half of 2023 saw the completion of the strategic investment plan launched in the second half of 2021 following the IPO and for which a duration of 24 months was expected – comments theCEO Pietro Adduci – while the second part of the year was characterized by a direct focus on the objectives set out in our industrial plan which envisages sustained but responsible and sustainable growth in the coming years, having also already completed significant efficiency measures and consolidation of the business model”.
“Even in 2023, TECMA’s business has demonstrated great resilience, despite the strong slowdown recorded by the real estate market on an international scale – he added – This is confirmed, first and foremost, by a topline progressing by over +16% compared to 2022. In particular, the the second part of 2023 was in fact characterized by record growth for TECMA, with revenues increasing by over 30% compared to the first half of the year, allowing us to exceed the guidance announced to the market in September 2023 both in terms of revenue growth and stabilization of operating margins and cash flows”.
There Net Financial Position is equal to 2.85 million euros (-1.95 million euros at 31 December 2022).