Earnings release
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Sesa ... - - - PRESS RELEASE APPROVAL OF THE CONSOLIDATED INTERIM REPORT FOR THE NINE - MONTH PERIOD AS OF JANUARY 31 , 2021 STRONG GROWTH OF GROUP REVENUES AND PROFITABILITY AGAIN Total Revenues and Other Income : Eu 1,534.3 million ( + 14.1 % Y / Y ) Consolidated Ebitda : Eu 92.2 million ( + 32.7 % Y / Y ) , Ebitda Margin : 6.01 % ( vs 5.17 % Y / Y ) Consolidated Adjusted Net profit attributable to the Group¹ : Eu 43.5 million ( + 40.8 % Y / Y ) Consolidated Adjusted NFP² ( net liquidity ) equal to Eu 60.4 million vs Eu 1.1 million Y / Y Human resources growth reaching a total of 3,278 employees as of January 31 , 2021 ( + 48 % Y / Y ) Empoli ( FI ) , March 11 , 2021 The Board of Directors of Sesa S.p.A. , leading player in Italy in the sector of technological innovation solutions and IT and digital services for the business segment , today discussed and approved the consolidated Interim Report for the 9 - month period as of January 31 , 2021 , drawn up in accordance with the EU - IFRS accounting standards . Sesa Group records a further acceleration of the growth trend already observed in the first six months of the Fiscal Year , well above that of the reference market and the historical and long - term track record of the Group ( CAGR Revenues 2011-2020 +10.1 % , CAGR Ebitda 2011-2020 + 11.9 % , CAGR 2011-2020 Adjusted EAT + 15.2 % ) . Growth is supported by the Group's focus on market segments with greater added value in favor of the demand for digitalization by companies and organizations . In the period under review the Group also benefited from recent M & A operations , of which 3 carried out since January 2021 and 16 since January 2020 , adding skills and human resources in strategic areas of digital evolution . At consolidated level , Revenues and Other Income as of January 31 , 2021 amounted to Eu 1,534.3 million ( + 14.1 % Y / Y ) , of which : - VAD Sector Eu 1,213.9 million ( + 10.6 % Y / Y ) , thanks to the further strengthening of its leadership on the Italian value distribution market in the segments Cloud , Security , Enterprise Software and Datacenter Value Solutions ; - SSI Sector Eu 355.1 million ( + 15.1 % Y / Y ) , thanks to the growth in the segments Cloud , Security , Cognitive & Analytics , ERP & Vertical Solutions , Customer Experience , supported by M & A operations and human resources development ; - Business Services sector Eu 33.6 million , a new sector of the Group consolidated since March 2020 . Thanks to the growth in revenues ( + 14.1 % Y / Y ) and Gross Margin ( + 28.2 % Y / Y ) and despite the greater incidence of personnel costs resulting from growing positioning of the Group in the areas of digital services , the consolidated Ebitda as of January 31 , 2021 is equal to Eu 92,209 thousand ( + 32.7 % Y / Y ) , with an Ebitda Margin of 6.01 % ( vs Ebitda Margin 5.17 % Y / Y ) , of which : ¹Adjusted EBIT and Adjusted Profit before taxes before amortisation and depreciation of intangible assets ( client lists and know - how ) recorded as a result of the Purchase Price Allocation ( PPA ) process relating to corporate acquisitions . Adjusted Net Profit and Adjusted Net Profit attributable to the Group before amortisation and depreciation of intangible assets ( client lists and know - how ) recorded as a result of the PPA process relating to corporate acquisitions , net of the related tax effect . 2PFN Adjusted , excluding commitments to deferred payments ( equal to Euro 49,133 thousand as of January 31 , 2021 and ed Eu 12,928 thousand as of January 31 , 2020 ) for corporate acquisitions ( Earn Out , Put Option , deferred prices ) non - interest bearing and subject to reaching objectives of long- term creation of value . SeSa S.p.A. headquarters in Empoli ( Florence ) , Via della Piovola 138 , Share Capital Euro 37,126,927.50 f.p. , VAT number , Fiscal and number on the Florence Company Register 07116910964 Ph . Number : 00 39 0571 997444 ; website www.sesa.it