(Finance) – Finlogica company listed on Euronext Growth Milan and active in the Information Technology sector, recorded consolidated revenues equal to 15.1 million euros in the first quarter of 2022, an increase of approximately 2.4 million euros, equal to + 19%, compared to the first quarter of 2021 (12.7 million euros). Division-driven revenue growth continues “Labels“, core business of the group, which recorded an increase of 26% to 9.8 million euros, also thanks to the investments made in the production sector. The division”Technological Products“marks a + 9% to 4.9 million euros, while the” Services and assistance “division drops by 7% to 350 thousand euros.
“Despite the difficult and uncertain period, the data for the first quarter make us hope for future growth and confirm the good state of health of the group – commented theCEO Dino Natale – The war is not affecting our activities. Like everyone else, we are paying for the effects of the shortage of raw materials and the increase in energy and gas costs. In the self-adhesive sector, in particular, in addition to the shortage of raw materials linked to glassine and the strike, started in January in Finland, by the main European producer, we are also dealing with the increase in gas and electricity “.
“In this difficult context, it is important to underline that Finlogic has attributed strategic and factual value to the warehouse stocks that allow us to continue the business peacefully – he added – The backlog of orders is higher than that of last year, a positive sign, the result of constant organic growth. With the entry of ALFACOD we are a candidate to become the undisputed leader in the labeling and traceability sector by further improving the quality of the services offered, generating important synergies and cross-selling and up-selling activities“.