(Finance) – Great satisfaction with the results achieved in 2021, a year that recorded a net growth in revenues and profitability, optimism for the current year on all the verticals covered by the group and awareness of being able to make prudent acquisitions at European for its consolidated experience in the M&A field. These are the messages launched by Josef Mastragostino, Chief Investor Relations Officer Of Tinextaon the sidelines of the Investor Conference “Mid & Small in London 2022”, organized by Virgilio IR e Mediobanca.
“The 2021 was an absolutely successful yearrevenues grew by 39.5% compared to last year, but the growth of EBITDA is even more important, which grew by 21.5% “, highlighted the manager of the company listed on Euronext STAR Milan and active in Digital Trust, Cybersecurity, Credit Information & Management and Innovation & Marketing services. “It was a year of absolute importance: revenues were 375 million, therefore higher than the guidance, and EBITDA also reached almost 99 million, compared at a guidance of 96 million on an adjusted basis – he added – We have seen one growth substantially in all business areas, in particular the Digital Trust which has grown in double figures; cybersecurity also grew, also because it was the first year in which we consolidated the entire acquisition of three companies “.
“2022 is clearly a year of absolute importance because we recently presented the industrial plan – explained Mastragostino – The growth in revenues is even expected between 18 and 20%, while EBITDA grows even more than revenues and is always expected. in 2022 around 20-22%, with a financial leverage that drops to twice.Our growth is born both for one strong organic growth – which stands at double digits – but also as regards growth by external lines. This is an M&A and strong cash flow company. We are obsessed with everything “cash is king”: free cash flow on a 2021 basis has even reached 56.4 million euros. Tinexta is a company that is substantially growing on all verticals “.
Growth by external lines will not stop, according to what the manager said: “TheM&A is part of the DNA of the Tinexta group, as we have always said. This year, during the period of the presentation of the plan, we showed the market the success of over 27 M&A deals worth almost 500 million euros, so it is a business that grows by external lines. We are continuing to grow in some particular geographies and we have the ability to do cherry picking of our potential targets“.
In particular, “we look at the foreign market with great strength, in particular the French market, the Spanish market, the German market and also the UK market. So basically we manage to be international and the group has in fact the goal of clearly becoming a European player“.
With the geopolitical tensions of early 2022, the number of cyber attacks and the attention of companies for this aspect has increased. “Cyber-security is certainly one of the major demands on the market today – said Mastragostino – It is difficult to predict what future developments will be and it is clear that today digitalization cannot be thought of without cybersecurity. Clearly, companies are aware that there can be no growth without growth in terms of cyber security as well. ”