(Finance) – It Way closed the first 9 months of 2024 with revenues growing by approximately 20% to over 36 million euros and a gross margin increased both in absolute value (+40%) and in incidence (to approximately 22%).
Operating results are slightly down: EBITDA went from approximately 1 million euros in the first 9 months of 2023 to 817 thousand in the same period of 2024, while the Operating result (EBIT) went from 487 thousand euros to 98 thousand euros.
The operating results were affected, as in the first half of the year, byincrease in costs which is mainly related to important investments underway – he explains to the company – and, in particular, it is connected to the growth in personnel costs of 61% (+1,944 thousand Euros) and collaborators.
The result before taxes instead it goes from 639 thousand to one negative value of 392 thousand euro, especially due to the exchange losses made by the Turkish subsidiary.