(Finance) – Almawavean Italian company listed on the Euronext Growth Milan market active in the Data & Artificial Intelligence sector, closed its 2023 financial statements with revenues equal to 57.5 million of euros, with a 20% increase compared to the previous year.
Adjusted EBITDA it amounted to 14.4 million euros, an increase of 18% compared to the previous year, with a margin of 25.0% (25.4% in 2022). The Adjusted Ebit amounts to 9.7 million euros (+16% YoY), with an Adjusted Ebit Margin of 16.9%
(17.5% in 2022).
2023 net profit recorded one strong growth of 92% compared to the net result of 2022, coming in at 9.3 million euros. The significant increase is connected not only to the improvement in the operational management result, but also to the Patent Box relief exercised by the Group.