Health Italia, half-year profit stable at 1.5 million euros. Revenues +8.4%

Health Italia Banca Profilo cuts target price and confirms Buy

(Telestock) – Health Italya company listed on Euronext Growth Milan and active in the Italian market of supplementary healthcare and the offer of solutions for the well-being of families and company employees, has closed the first semester of 2024 with Net Revenue equal to 19.3 million euros, compared to 17.8 million euros in the previous financial year, recording a growth of 8.4%. The Healthcare Services and Health Services segment reported a growth of approximately 8% YoY and the Support Healthcare segment a growth of 13% YoY.

THE’EBITDA is equal to 4.1 million euros, with a growth of 26.1% compared to 30 June 2023 equal to 3.3 million euros. The EBITDA Margin stands at 21.4% of net revenues, increasing by 3 percentage points compared to the figure reported on 30 June 2023 equal to 18.4%. This positive result is linked both to the increase in the margin of the core activity and to the effective saving strategy implemented by the company.

THE’useful is equal to 1.5 million euros, in line with the profit recorded in the first half of 2023.

“We are satisfied with the results achieved in the first half of 2024, which saw significant growth in the main economic and financial indicators compared to the same period of the previous year – commented theAD Livia Foglia “This success is the result of a well-planned strategy, focused on optimizing resources and strengthening our core businesses. This rationalization has not only improved our performance, but has also allowed us to exploit the opportunities offered by a rapidly expanding market for supplementary healthcare and welfare.”

There Net Financial Position is equal to 3.9 million euros, with a significant improvement compared to the financial year ended 31 December 2023, the value of which was equal to 6.4 million euros, showing a decrease of 2.5 million euros.

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