(Finance) – The main consolidated economic and financial results of the Group as of 30 June 2024 United, they show Revenues consolidated totals, equal to €49.2 million, in line with the first 6 months of 2023 (€49.2 million), confirming the inversion of the revenue mix with an increase in the percentage weight of Service Revenues and the disposal of Voice Trading.
Adjusted EBITDA, calculated net of extraordinary costs of approximately €0.3 million, is approximately €12.4 million (+11% compared to the first half of 2023) with an Adjusted EBITDA Margin of 25.2% (22.7% in the first 6 months of 2023). This improvement is essentially linked to the execution of important highly profitable projects that entered the Group’s scope in the first quarter of 2024.
The Operating Income (EBIT), equal to € 7.0 million, recorded an increase of 11% compared to the first 6 months of 2023 (€ 6.3 million) with an EBIT Margin equal to 14.2% (12.7% in the first half of 2023).
The operating result is equal to a useful of €3.6 million compared to a profit of €3.4 million in the first half of 2023.
THE’Net Financial Debtfor ESMA purposes, is equal to € 48.5 million compared to € 47.9 million at 31 December 2023. The increase, compared to the previous financial year, is mainly linked to the contributions to the subsidiaries Unifiber and Unitirreno and to investments in the proprietary fiber optic infrastructure. Net Financial Debt, for the purposes of calculating the existing financial covenants, is equal to € 46.1 million compared to € 46.7 million at 31 December 2023.