(Finance) – The BoD of DBA Group, a company listed on Euronext Growth Milan and specialized in network connectivity and infrastructure life cycle support solutions, has approved the Budget for the year 2023 and viewed the 2022 consolidated preliminary financial data, not yet audited.
Thefinancial year 2022 preliminary balance closed with a value of production of Euro 83.3 million, a positive adjusted EBITDA of Euro 7.2 million and a net financial position (debt) of Euro 13.0 million.
Compared to the result for the year 2021 published on May 30, 20222, the 2022 preliminary final value of production is higher by Euro 3.8 million (Euro 79.5 million in 2021), with an increase of 4.7%, and the adjusted EBITDA preliminary 2022 ago record a performance in line with the previous year, settling at Euro 7.2 million compared to the adjusted EBITDA of 2021 equal to Euro 7.3 million. Reported EBITDA is higher by Euro 2.1 million (Euro 4.7 million in FY 2021), an increase of 44.4%. Cash generation for 2022 is estimated at Euro 3.7 million.
The Budget 2023 estimates a value of production of Euro 105.0 million with an increase of 21.7 million compared to the 2022 preliminary data (+26.0%), due for 10.9 million to new initiatives and acquisitions carried out in 20225 and 10 .8 ML€ for organic growth. The value of EBITDA is expected to be Euro 10.3 million with an increase of 3.6 million compared to the 2022 preliminary data (+48.8%) of which Euro 1.3 million deriving from new initiatives and acquisitions carried out in 2022 and Euro 2.3 million deriving from the growth in volumes and the improvement in margins.
DBA Group will proceed with the publication of a new business plan during the first quarter of 2023 highlighting the medium-term strategies of the Group.
“The reported results highlight the positive trend in volumes and margins for both 2022 and 2023 and indicate that DBA Group has fully complied with what was communicated during the 2017 IPO and subsequently with the 2019-2023 Strategic Plan – he commented CEO Raffaele De Bettin – We are therefore particularly proud of having managed to achieve the set objectives despite the pandemic due to COVID-19 and the current context of war in Ukraine”.