Earnings release
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TINEXTA PRESS RELEASE Tinexta : significant growth in Group Results in First Quarter 2021 Successful start - up for the Cyber Security BU Board of Directors approves results at 31 March 2021 • Revenues : € 82.7 million , + 50.5 % • EBITDA : € 16.4 million , + 49.8 % • Net profit : € 6.8 million , > 100 % • Adjusted net profit : € 7.4 million , + 90.3 % • • Free Cash Flow : € 24.8 million ( € 71.4 million in the last twelve months at 31 March 2021 ) Net Financial Position : € 187.0 million ; NFP / EBITDA : 2.2x **** 12 May 2021. The Board of Directors of Tinexta S.p.A. , a leading provider of Digital Trust , Cyber Security , Credit Information & Management , and Innovation & Marketing Services , listed in the STAR segment of Borsa Italiana's MTA market , today approved the Interim Report on Operations at 31 March 2021. In the first quarter of 2021 , Revenues amounted to € 82.7 million ( + 50.5 % ) , EBITDA to € 16.4 million ( + 49.8 % ) and Net Profit was € 6.8 million ( + 136.0 % ) . The Chairman , Enrico Salza , remarked : “ The Tinexta Group continues to see positive results even in the present context , pursuing a plan for solid and balanced growth , both organic and through acquisitions . The Group's commitment , alongside the business ecosystem , is to contribute to relaunching Italy's economy , following the guidelines indicated by the digital new deal of the National Recovery and Resilience Plan " . " All the business units recorded excellent performances that contributed to the first quarter results , which saw a solid organic growth in addition to the growth due to the consolidation of acquisitions " , emphasised Pier Andrea Chevallard , the Group's Chief Executive Officer . " Furthermore , the significant cash flow generation further supports the external growth plan . Lastly , we can report the positive results achieved by Cyber Security , the new Group business unit , which has successfully seized upon market opportunities , even in its start - up phase of operations , in the increasingly integrated context of the various Group companies " . 1