Cover50, in the first quarter turnover and profitability increased

Tinexta results up in 2021

(Finance) – I Revenues from sales in the first quarter of 2022 by Cover50 they are up by 17.1% compared to the first quarter of 2021, they settled at 9.9 million euros (8.5 million euros in the same period of 2021).

Ebitda shows a recovery in profitability to the levels prior to the Pandemic, registering an increase in absolute value in the first quarter of 2022, reaching € 2.856 million (2.248 in the first quarter of 2021), due to the trend in sales. Me too’Ebitda margin (28.9%) recorded an increase compared to March 31, 2021 (26.3%).

As of March 31, 2022 the net financial positionis positive for 20.2 million euros compared to 19 million euros at 31 December 2021.

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