(Telestock) – MAPSa company listed on Euronext Growth Milan and active in the digital transformation sector, has closed the first semester of 2024 with Total Revenue equal to 14.7 million euros, +13% compared to 13.1 million at 30 June 2023. The Non-Characteristic Revenues component is equal to 0.2 million, down compared to 0.5 million in the first half of 2023.
Gross Operating Margin (EBITDA) is equal to 3.2 million euros, +57% compared to 2.0 million at 30 June 2023, corresponding to a EBITDA margin of 22% (15% at June 30, 2023). The increase in margins is mainly due to the scalability of software products and the conclusion of integration and internalization activities.
THE’Net Profit stands at 0.6 million euros, up from 0.4 million at 30 June 2023, after the payment of taxes for 0.4 million, compared to the tax benefit obtained last year, equal to 0.3 million.
There Net Financial Position is equal to 7.9 million euros, a significant improvement compared to 12.5 million at 31 December 2023; the change was positively impacted by the cash flows generated by operating activities, equal to 4.4 million euros. Furthermore, the capital increase resulting from the conversion of the Warrants which took place in June 2024 contributed positively to the improvement.
“We are satisfied with the results obtained from this first semester, which show a clear improvement in all the main economic and financial indicators – he commented Marco Ciscato, Executive Chairman – Revenue growth of 13%, entirely organic, confirms our ability to seize opportunities in the markets on which we have focused. Recurring fees, which give strong stability to our revenues, demonstrate the growing appreciation for our products by new customers and the continued loyalty of existing customers. The increase of over 50% in EBITDA is concrete proof of the scalability of the business model based on software products and of the validity of the actions implemented to complete the integrations of the acquired companies and to optimize our operating activities”.
“The significant improvement in the Net Financial Position is the result of careful management of working capital and the trust shown by our shareholders through the conversion of over 890,000 warrants – he added – The cash generated in the first half of 2024 gives us further impetus to continue with determination in the evolution of our product portfolio and in the search for new extraordinary operations“.