(Finance) – Digital Magicsbusiness incubator listed on Euronext Growth Milan, closed 2021 with consolidated revenues equal to 3.2 million euros, with EBITDA negative for 0.6 million, Net income negative for 3.3 million (after adjustments to financial assets for 2.1 million relating to write-downs of some investee companies and related receivables). As of December 31, 2021, there are 84 operating companies in the portfolio (including investments in companies that have issued convertible instruments), including 43 Innovative Startups and 17 Innovative SMEs, in addition to the acquisition of 100% of the capital of The Doers. The Fair value of the portfolio of equity investments amounted to 58 million euros, against a book value of 13.7 million euros, net of the value of the equity investment in The Doers.
“The 2021 financial year, which has just ended, has been among the most important for our group and for the innovation ecosystem in Italy – he commented Marco Gay, executive president – The corporate events that characterized our business management, the two capital increases, the first aimed at institutional investors and the second reserved for the Luiss University, were of great importance to sanction our strategic partnership, approval and publication of the first sustainability report and the 2021-2025 industrial plan which will lead us to a portfolio value of over 100 million, the acquisition and integration of The Doers, a consultancy company specialized in open innovation with which Digital Magics can to present itself on the market as the most important innovation platform to support companies and startups “.