(Tiper Stock Exchange) – Finlogica company listed on Euronext Growth Milan and active in the Information Technology sector, closed on first quarter of 2023 with consolidated revenues equal to approximately 20.3 million euros, an increase of 5.1 million euros (+34%) compared to 31 March 2022 (15 million euros). The figure as at 31 March 2023 also includes the revenues of the two companies acquired in June 2022 which in total amount to approximately 3.4 million euros. Without the two acquisitions, revenue growth would have been 12%.
The division Labelscore business, marks a +19% compared to 2022, while the division Technological products records a growth of 54%; the division Services and assistance score a +206%. The relevant performances of the Technological products and Services and assistance division are influenced by the consolidation of Alfacod and Ase. specialized in the marketing of this type of product, reads a note.
“The group’s performance, even without the two acquired companies, is satisfactory and marks a growth of 12%, these results mainly derive from important synergies and cross-selling and up-selling activitiesas well as the investments in production capacity made in 2022 which support the Labels division”, commented theCEO Dino Natale.
“The year starts on the right foot despite the signals coming from the market, they highlight the continuation of inflationary dynamics at high levels which has led and will lead to a global contraction in consumption”, he added.