(Tiper Stock Exchange) – Sesaleader in Italy in technological innovation and IT and digital services for businesses, closed the first half ended 31 October 2022 with further double-digit growth in revenues, Ebitda and net profit (all above 20%) .
In the period, Sesa has achieved consolidated revenues for 1.31 billion (+26.5% y/y) with an Ebitda of 93.4 million (+27.5% y/y) and a growth higher than both the 2011-2022 track record (CAGR 2011-22 revenues +11.2%, Ebitda +15.5%, EAT adjusted +19.5%) and the trend of the Italian IT market (average annual growth expected in 2022-2024 of 5.4%).
Outlook
In the light of the positive industrial and financial results achieved in the half year, the expected contribution from external leverage thanks to the approximately 35 bolt-on acquisitions concluded in the last two years and the growth expectations of the demand for digitization in the markets in which it operates, the Group “confirms the favorable outlook for the full year ended 30 April 2023, with growth guidance for revenues and Ebitda in the upper part of the target value range (revenues 2.750-2.825 billion and Ebitda 195-205 million) communicated last September , reinforcing the role of reference player in its sector”.
Alessandro Fabbroni, CEO of Sesahe has declared: “We close a semester of strong growth in revenues and skills against a demand for digitization supported by the need for substantial technological investments in the current reference scenario. In light of the trend in demand, the investments in digital skills and innovative solutions and the industrial aggregation capacity also through bolt-on M&A, we confirm the favorable outlook for the year ended 30 April 2023, with the aim of continuing to support our stakeholders in the current phase of digital evolution. The upgrade of the CDP sustainability rating to level B is an important step in our journey to improve the Group’s ESG performance”.