(Finance) – The 2023 financial year of Sesa – leader in Italy in technological innovation and IT and digital services for businesses, listed on the Euronext STAR – closes with strong growth in technological skills (4,717 employees, +13.3% y/y), customer portfolio (approximately 40,000 companies operating in Italy and Europe) and consolidated financial results, both at revenues (2.9 billion +21.7% y/y) and profitability (Ebitda 209.4 million, +24.9% y/y), thanks to the successful positioning in the main areas of digital innovation (cloud, security , digital platform, data science, digital workspace) and the support of bolt-on M&As (over 25 M&As in the last 18 months) which contributed to the growth of revenues and profitability during the year for approximately 15% of the total.
A 4-year period of record growth closed as at 30 April 2023, with a compound annual average increase (CAGR) in revenues of 17.0% (from 1.55 billion at 30 April 2019 to 2.9 billion at 30 April 2023) and Ebitda equal to 29.6% (from 74.3 million to 209.4 million).
The Net income at April 30, 2023 is equal to €100.1 million (+21.1% y/y compared to €82.7 million at April 30, 2022), while the Net Financial Position it is active (net liquidity) for €239.5 million (compared to €245.3 million).
The Sesa Group, today, “in the light of the 8 acquisitions already made since the beginning of 2023 and those under evaluation, as well as the solid demand for digitization of companies and organizations”, confirms the favorable outlook for the year ended 30 April 2024with growth expectations in revenues and operating profitability substantially in line with the long-term track record (CAGR revenues 2012-2023 +12%, CAGR Ebitda 2012-2023 +16.2%).
The BoD resolved to propose to the Shareholders’ Meeting at the end of August the approval of the Integrated Financial Statements for the year with the distribution of a dividend of €1 per shareup compared to €0.90 in the previous year (payment expected on 20 September 2023 and record date 19 September 2023) for a total maximum amount of €15,495 thousand.
Alessandro Fabbroni, CEO of Sesa, commented: “We close another year of strong growth in the value generated for all stakeholders, consolidating the role of reference player in the technological innovation sector with over 2.9 billion in revenues and approximately 4,720 human resources. In the current phase of evolution of economic models, increasingly oriented towards sustainability and digital, we are continuing to invest in technological skills, with growth in operating perimeters and profitability of over 20% in the year, at the end of a four-year period in which we increased consolidated revenues from Eu 1.55 billion at 30 April 2019 to Eu 2.9 billion at 30 April 2023 and operating profitability (EBITDA) from Eu 74 million at 30 April 2019 to Eu 209 million at 30 April 2023, increasing human resources from 1,900 to 4,720 in the same period. Thanks to our unique heritage of skills and great capacity for inclusion, we will continue our path of sustainable growth for the benefit of all Stakeholders also in 2024″.