REPLY: The Board of Directors Approves the Quarterly Financial Report as of 30 September 2023.
14 November 2023 - 2:31PM
Business Wire
All economic indicators have substantially improved:
- Consolidated turnover of €1,548.0 million (1,355.7 as at 30
September 2022)
- EBITDA of €235.8 million (218.6 as at 30 September
2022)
- EBIT of €187.7 million (183.6 as at 30 September
2022)
- Pre-tax profit of €170.3 million (169.1 as at 30 September
2022)
- Positive Net Financial Position of €189.7 million.
Regulatory News:
The 2022 figures for EBITDA, EBIT, and Pre-tax Profit include
€11 million from the release of part of the Covid provision that
occurred in the first 9 months of FY2022.
Today, the Board of Directors of Reply [EXM, STAR: REY] approved
the results as at 30 September 2023.
The Group's consolidated turnover in the first nine months of
the year reached €1,548.0 million, an increase of 14.2% compared to
€1,355.7 million recorded on 30 September 2022.
The indicators for the period are positive. Consolidated EBITDA
was €235.8 million, equal to 15.2% of the consolidated revenues. As
of September 2022, EBITDA was €218.6 million (€207.6 million should
be considered for comparison purposes)*.
EBIT, from January to September, reached €187.7 million, equal
to 12.1% of the consolidated revenues. The corresponding 2022
figure was €183.6 million (€172.6 million for comparison
purposes)*.
Pre-tax profit, from January to September 2023, was €170.3,
equal to 11.0% of the revenues. As of September 2022, profit stood
at €169.1 million (€158.1 million for comparison purposes)*.
For the third quarter of the year, the Group’s performance is
positive, with consolidated turnover for the period of €509.1
million compared to €465.9 million of the third quarter 2022.
EBITDA, from July to September 2023, was equal to €81.8 million,
with an EBIT of €64.0 million and pre-tax profit of €56.8
million.
As at 30 September 2023, the Group’s net financial position was
positive at €189.7 million. The net financial position as at 30
June 2023 was positive for €101.6 million.
“In the first nine months of 2023, Reply achieved very good
results, both in terms of revenue and margins,” said Reply Chairman
Mario Rizzante after the Board of Directors. “More specifically,
the results of the third quarter allow us to look forward to the
months ahead with confidence.”
“The strength of Reply lies in the ability to interpret
innovation making it functional to the transformation needs of
businesses” continues Mario Rizzante “2023 has been marked by
exponential growth in demand for new applications related to the
use of artificial intelligence, an area in which Reply has been
investing since 2017 and where it is now recognized as one ot the
market leaders."
“In a short time,” concludes Mario Rizzante, “we will be living
in a blend of automation, artificial intelligence, digital
interfaces and connected objects, but it will take a huge amount of
work to make that possible. It is in this specific area where we
intend to focus our future investments to position ourselves as a
niche player with very high technological and consulting
expertise."
(*): For the purpose of data comparison, €11 million,
attributable to the release in the first 9 months of 2022 of a
portion of the extraordinary Covid fund previously set aside, has
been excluded from the 2022 values (EBITDA, EBIT and Pre-tax
profit). The total amount of the provision released in 2022 was
€46.794 million.
The manager responsible for preparing the company's financial
reports, Dr Giuseppe Veneziano, states in accordance with Paragraph
2 of Article 154-bis of the Consolidated Finance Act, that the
accounting information contained in this press release corresponds
to the company's records, ledgers and accounting entries.
REPLY Reply [EXM, STAR: REY, ISIN: IT0005282865]
specialises in the design and implementation of solutions based on
new communication channels and digital media. As a network of
highly specialised companies, Reply defines and develops business
models enabled by the new models of AI, big data, cloud computing,
digital media and the internet of things. Reply delivers
consulting, system integration and digital services to
organisations across the telecom and media; industry and services;
banking and insurance; and public sectors. www.reply.com
This press release is a translation, the
Italian version will prevail.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231114468660/en/
Media Contacts
Reply Fabio Zappelli f.zappelli@reply.com Tel.
+390117711594
Investor Relation Contacts
Reply Riccardo Lodigiani r.lodigiani@reply.com
Tel. +390117711594
Michael Lueckenkoetter m.lueckenkoetter@reply.com Tel.
+49524150091017
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