(Finance) – TASa company listed on Euronext Milan and active in the supply of solutions for the management of payment systems, closed 2021 with total revenue to 65 million euros, up by 5.4% compared to the 61.7 million euros of the previous year; revenues abroad grew by 19.7% (+2.5 million euros), while core revenues grew by 4.8% to 63.8 million euros. L’EBITDA was € 15.7 million, compared to € 16.3 million in 2020. Theconsolidated net profit amounted to 4.4 million euros, compared to a profit of 8.8 million euros at 31 December 2020.
There Net financial position is negative for 1.8 million euros (excluding the impact of IFRS 16), compared to a positive value of 1.6 million euros at 31 December 2020, mainly due to the acquisition made in the fourth quarter of 2021. The liquid assets stands at 13.3 million euros, compared to 10.6 million euros at 31 December 2020.
“The year 2021 was a year marked by a growth in revenues (in line with the market average), while margins did not register the same increase, although substantially in line with the previous year”, commented the president and CEO Valentino Bravi.
According to the manager, this is essentially due to: “in Italy the significant, particularly demanding investment for the completion of the “Global Payments Platform” and its integration with the “Core Banking Systems Platform” for Payment Institutions and Electronic Money Institutions; while in international business to the investment linked to the integration process of Infraxis and to the cross-selling initiatives, still being completed, and in some geographical areas of interest to the Group, some delays in the implementation of the go to market still caused by the global pandemic situation “.
The purchase obligation procedure is in place on the security, which will take place in the period up to May 3, 2022, unless extended. Solidus Bidco, a vehicle controlled by the private equity company Gilde, has in fact reached over 94% of the capital of TAS at the end of the takeover bid (OPA) fully compulsory having as its object all the ordinary shares and objective the delisting of the company from Piazza Affari.
(Photo: © Veerasak Piyawatanakul)