The Board of Directors approves the half-year financial report as of 30 June 2021

August 3, 2021 at 12:36

All economic and financial indicators grew substantially:

• Consolidated turnover of € 712.8 million (€615.2 in H1 2020);
• EBITDA of €119.5 million (€90.2 in H1 2020);
• EBIT of €96.0 million (€74.1 in H1 2020);
• Pre-tax profit of €98.7 million (€75.1 in H1 2020).

Today, the Board of Directors of Reply S.p.A. [MTA, STAR: REY] approved the results as at 30 June 2021.

Since the start of the year, the Group has recorded a consolidated turnover of € 712.8 million, which is an increase of 15.9% compared to the same period in 2020.

All indicators are positive for the period. In the first half of 2021, consolidated EBITDA of €119.5 million compared to the €90.2 million recorded in 2020 and corresponds to 16.8% of turnover.

EBIT, from January to June, was €96.0 million (€74.1 million in 2020), corresponding to 13.5% of turnover.

Pre-tax profit, from January to June 2021, was €98.7 million (€75.1 million in 2020), corresponding to 13.8% of turnover.

As regards the second quarter 2021, the Group's performance was also positive, with consolidated turnover for the period of €360.4 million, up by 20.9% compared to 2020.

EBITDA, from April to June 2021, amounted to €59.9 million, with EBIT of €48.0 million and pre-tax profit of €51.1 million.

As at 30 June 2021, the Group's net financial position was positive for €165.4 million, while at 31 March 2021 was positive for €227.9 million. The financial position at 30 June 2020 was positive for €122.6 million.

“The first half of 2021 was very positive, both in terms of revenue and margins,” said Mario Rizzante, Chairman of Reply. “In recent months we have seen a strong growth in investments by companies in two main areas of innovation: cloud and artificial intelligence.”

“In particular, the revolution linked to the introduction of artificial intelligence is at the beginning of a growth path that promises to be explosive,” added Mario Rizzante. “Just as fifteen years ago, the advent of mobile apps generated a market that keeps doubling every three years, today we are starting to automate everything, adding intelligence to every object and every service. In a few years, we will have artificial intelligence for everything, just as we now have a mobile app for every need.”

“In this context, Reply has already started to invest and work on the most cutting-edge frontier, the one relating to the confluence of artificial intelligence, the Internet of Things and the cloud, which can be expressed by the paradigm of the Authonomy of Things: objects and services designed to interact with all intelligent entities, using data and artificial intelligence autonomously.” concluded Mario Rizzante.

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.

This press release is a translation, the Italian version will prevail.