(Tiper Stock Exchange) – Fintec Matha company listed on Euronext Growth Milan and active in the production and marketing of technological solutions for issuing digital cards, recorded a consolidated turnover equal to 11.4 million euros in the first half of 2023, with a EBITDA equal to 2.1 million euros (margin on turnover of 18%) and a Net income equal to 0.9 million euros. The data are not comparable with the same period of 2022, as they include the acquisition, on July 14, 2022, from the Japanese group AI Holdings Corporation of 100% of the two companies CTC (Card Technologies) and UbiQ (NBS Technologies).
L’Net financial debt is cash positive of 1.1 million, compared to a cash positive position of 1.4 million as at 31 December 2022. The Adjusted NFI, which also includes tax and social security payables in installments, is positive (cash) and for 0 .9 million (cash
for 0.8 million as at 31 December 2022).
At the level of group leader, turnover closed at 9.5 million (8.3 million in the first half of 2022, with an increase of 14%). EBITDA stood at 1.9 million, with a decrease of 15% and a margin of 21% (compared to 28% in the first half of 2022). The company “confirms excellent levels of margins, although there are evident delays in the supply chain, an increasingly frequent recourse to brokers, to the detriment of traditional channels, for the procurement of raw materials and a seasonal effect”, reads a Note. Profit amounted to 0.8 million euro (1.2 million in the first half of 2022), with a decrease of 30%.