(Finance) – Esprineta group listed on Euronext STAR Milan and active in the distribution of IT, Consumer Electronics and Advanced Solutions, closed 2021 with revenues from contracts with customers to 4,690.9 million euros, an increase of 4% compared to the 4,491.6 million euros in 2020. This result, which represents the historic record in revenues, is contributed by both organic growth (+ 1%) and the contribution of 153.6 million euros deriving from the activities of the GTI Group acquired in Spain and from Dacom and idMAINT in Italy. Esprinet recorded revenues in Italy equal to 2,854.7 million euros, + 5% compared to 2020 and in line with the market.
L’Adjusted EBITDA is equal to 86.1 million euros, up 25% compared to 69.1 million euros in 2020.net profit pertaining to it of the group is equal to 44.2 million euros, + 41% compared to 31.4 million euros in 2020.net earnings per share ordinary, equal to 0.89 euros, shows an increase of 41% compared to the 2020 value (0.63 euros). There Net financial position it is positive for 227.2 million euros and compares with the positive position at 31 December 2020 for 302.8 million euros.
“We are closing an exceptional year in which we have exceeded our targets, also establishing the historical record not only of revenues but also and above all of net profitability – commented theCEO Alessandro Cattani – With great satisfaction we note how, in line with its growth strategy focused on high marginal business lines, the group has achieved revenues in the segment Advanced Solutions over 870 million euros, up + 46% compared to the previous year. The growth of the segment is even more relevant Cloud where we recorded a + 183% almost reaching 141 million euros in revenues “.
“The Cash Conversion Cycle stands at 13 days in line with our objective of maintaining a level of less than 18 days, thus ensuring optimal financial flexibility in support of our generous dividend policy and the desired search for interesting opportunities for external growth also in other areas of the ‘Western Europe in addition to the nations where the group already operates – he added – We believe that the 2022in the absence of external shocks and assuming that the ongoing war in Ukraine can be resolved quickly or in any case without excessive impacts on the macroeconomic scenario, it could record further growth in the reference market for the group in Southern Europe “.
The board of directors resolved to propose to the shareholders’ meeting to distribute a dividend of € 0.54 per shareunchanged compared to the value paid in 2021. In 2021 the dividends relating to the fiscal year 2019 and 2020 were paid, having suspended the distribution of the dividend relating to the fiscal year 2019 in 2020. This dividend of € 0.54 per share underlies a pay-out ratio equal to 60% about.