2019 was "an extremely positive year" for Tinexta, an integrated group of services for the company listed on the Star segment of Borsa Italiana, which marked "a significant increase in revenues and margins, creating the conditions for a further phase of expansion, also for external lines ". The CEO of TInexta said this, Pier Andrea Chevallard, during the presentation to investors of the 2019 preliminary results and the business plan.
Consolidated revenues reached 258 million euros (+ 7.7% compared to 2018), Ebitda increased by 8.8% to around 72 million euros and a financial debt sometimes lower than Ebitda. In the next three years the group aims to grow further, exceeding € 300 million in revenues by 2022, with a more than proportionate growth in the gross operating margin. The targets for the current year, on the other hand, envisage revenues in excess of € 270 million and an + 8% of Ebitda. The targets do not take into account the growth opportunities for external lines, which the Group intends to continue pursuing, favored by the solidity of the balance sheet at the end of 2019.
For the president of the group, Enrico Salza, "Tinexta is confirmed as a solid and structured group to grow. Attention to the evolution of the markets and to research and innovation, to continue to respond to the needs of companies, outline a path of development characterized with high growth potential. " During 2019 TInexta carried out a profound revision of the organizational model, aimed at consolidating the governance controls, laying the foundations for a new phase of expansion of the business. The 2020-2022 Plan therefore provides for the consolidation of the new organizational model and the continuation of the M&A strategy along two growth directions: internationalization and expansion of the offer with new services and products. All the Business Units contributed positively to the growth of the group's profitability, starting with the "Digital Trust" which recorded revenues of approximately 107 million euros (+ 13%), and an Ebitda of approximately 29 million (+16 %). The revenues of the "Credit Information & Management" division exceeded 72 million with a slight decrease of 3% compared to 2018, while the gross operating margin grew by about 10%, reaching about 17 million. The "Innovation and Marketing Services" BU reported revenues of around 80 million euros (+ 12%) and an EBITDA of over 38 million (+ 16%). Tinexta's board of directors will meet again on March 19 to examine the draft financial statements, which will be submitted for approval to the shareholders' meeting on April 28.
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