(Finance) – “We have seen the listing on the Stock Exchange as an obligatory step to achieve our goals in terms of technological potential and geographical expansion. Indeed, the IPO allows us to invest in an important and immediate way in a project that has very clear guidelines, which are the ones that have allowed us to perform up to now”. He told Finance Roberto Rosatimanaging director of TMP Groupon the day of listing on the Stock Exchange for the Italian tech-media company born in 2012 and specialized in the design and development of communication, advertising and digital marketing strategies, hybrid events and contents, characterized by a high technological profile.
The quote is up Euronext Growth Milanthe Borsa Italiana market dedicated to SMEs with high growth potential, and was curated by Bank Profile (as Euronext Growth Advisor, Global Coordinator and Specialist).
TMP Group supports companies through four operating areas – Digital, Experience, Production, Technology – paying constant attention to innovation, creativity and new media, investing in talent, in the most advanced technological platforms and in the Metaverse and NFT blockchain sector. Among all, Rosati underlines that “the Technology area is truly transversal, because 99% of our services use technology and our peculiarity is to insert technology in all phases of production“.
In particular, each customer request can be developed and modulated through the wide range of activities made available with the Hangar21 hub, which has been the group’s headquarters since 2021. It is a structure of about 700 square meters and is inserted in the creative context of Superstudio Più, in via Tortona 27 in Milan. Hangar21 is a digital production factory ecosystem dedicated to the conception, development, production and dissemination of digital and creative content.
With regard to the most innovative projects, those related to Web 3.0, metaverse and NFT, the CEO says he is not worried about what many describe as a bubble, which has already partially burst. “Our business is a use of these technologies for the purposes of communication and not for financial speculation – he says – This allows us to have very performing projects, because in terms of communication and branding projects using Web 3.0, gaming and blockchain, there is actually a very significant growth”.
Rosati points out that “in the medium-long term, the company sees strong growth in the use of these technologies in the context of communication projects for our customers”, but that the future of TMP Group is not necessarily linked to them. “We have a fairly agnostic approach to technology and we don’t fall in love agnostically with one technology rather than another, but we make sure that we can be performing on all the technological bases of our products, to allow the customer to be able to access the platform or the type of technology most useful for achieving the his goal – he explains – We have developed in-house solutions, which however have the ability to integrate very well with the various technologies emerging globally, thanks to the skills of our people“.
TMP Group closed i first nine months of 2022 with revenues of 4.9 million euros (+64% compared to the same period of 2021), an EBITDA of 1.4 million euros (+773%) and an operating result of 483 thousand euros (+755%) and expects to close the year with revenues of no less than 6.5 million euros and an EBITDA of no less than 2 million euros. With the’IPO it raised 4.7 million euros (obtaining a capitalization at the start date of trading of 14.7 million euros) and is very clear about its next steps.
Among the objectives are: position yourself strategically in the tech media sector with the creation of digital platforms developed ad hoc for NFTs and contents for the virtual reality of the metaverse for its customers; positioning itself in the publishing sector, in particular in the fashion-design, sport, fintech and culture verticals; expand the commercial structure (with the opening of further offices in Europe and/or outside Europe, presence of the territory through agents and the hiring of personnel with adequate technical and commercial skills); implement M&A operations and develop industrial partnerships through the identification of complementary targets for domestic and/or foreign products and services, and partnerships with digital technology companies.
With regards to geographic expansion, Rosati says the company “over the years has had important business relationships in three European countries – France, Spain and the UK – and we would certainly like to go and place an important presence in these three countries because they have a very high level of capacity, both from a technological and experiential point of view. Step by step we would then like to reach the United Statesbut that later in time”.
On the front BUTTMP Group stands “probing and examining some objectivesto scale our products faster, as there are companies that have technologies that would make us perform faster”. These are “skills that can allow us, through an integration and therefore a correlation to those that are our businesses, to be able to scale faster”, he adds, specifying that he is “looking around in Italy and abroad“.