(Finance) – Spindoxa company listed on Euronext Growth Milan and active in the market of ICT (Information & Communication Technology) services and products, closed on 2023 with a production value consolidated amount of 99.8 million euros, up 21.2% compared to 2022.
The main phenomena that have allowed the positive performance are the greater volumes achieved in the Manufacturing & Retail, Automotive and Diversified Industries product sectors, as well as the successes achieved regarding IT security services. The subsidiary company Oplium Italyestablished at the beginning of 2022 and operating in the field of cybersecurity, achieved a production value of 3.2 million in 2023, compared to the amount of 1 million achieved in 2022. Regarding the contribution to the increase in production value of 2023 provided by Deep Consultingthe last company to join the group, this amount was approximately 7 million.
L’EBITDA consolidated amounts to euro 7.2 million, up 14.6% compared to 2022, with a marginality equal to 7.2% of the value of production (it was 7.7% at the end of the 2022 financial year). Margins remained constantly under pressure due, in particular, to significant pre-sales investments. Thanks to the actions currently being implemented, management expects a gradual improvement in margins during the 2024 financial year.
“Between January and February we implemented important organizational changes, both at the level of the production units and with regards to the commercial structure – commented the president Paolo Costa – We think that this strategic reorientation, destined to continue in the coming months, will have a positive impact on margins, especially in second half of 2024. This does not mean giving up growth, but rather looking for the most profitable growth opportunities, which are based on our distinctive technological skills and what we do best.”
L’Net Financial Debt consolidated at 31 December 2023 is equal to 2.9 million euros, compared to a value of 3.9 million at 31 December 2022.