The Board of Directors of Reply SpA [MTA, STAR: REY] today approved the draft annual financial statements for the 2023 financial year, which will be submitted for approval to the general meeting of shareholders to be held in the first instance on April 23, 2024 in Turin.
The Reply Group closed 2023 with a consolidated turnover of 2,118.0 million euros, a growth of 12.0% compared to 1,891.1 million euros in 2022.
All indicators were positive during this period. Group EBITDA amounted to 352.1 million euros, an increase of 3.5% compared to 340.3 million euros in the 2022 financial year (the growth is 20% excluding the release of the COVID provision in 2022).
EBIT from January to December was 292.7 million euros, an increase of 2.5% compared to 285.5 million euros in 2022 (growth is 22.7% excluding the release of the COVID provision in 2022) .
The group’s annual profit amounted to 186.7 million euros. In 2022, the corresponding value was 191.0 million euros.
Based on the results achieved in 2023, the Reply Board of Directors has decided to propose to the next general meeting the distribution of a dividend of 1 euro per share, which will be paid on May 22, 2024 with an ex-date of May 20, 2024 (record date May 21 2024) is to be paid out.
The group’s net financial position as of December 31, 2023 was plus EUR 204.9 million (Eur 70.6 million as of December 31, 2022). The net financial position as of September 30, 2023 was plus 189.7 million euros.
“2023,” said Mario Rizzante, CEO of Reply, “was the year in which the world finally became aware that a great new revolution was at hand: the advent of artificial intelligence. Reply was able to seize this moment to take advantage of the great discontinuity by closing a financial year of growth, but above all by establishing itself as one of the new leaders in the sector.”
“This positioning – continues Mario Rizzante – was possible because Reply 2023 was able to benefit from years of investment in artificial intelligence, an area in which we already operated in 2017 with our first centers of excellence. Thanks to this know-how within the group “In just a few months, we will not only set up dedicated AI units in all companies in the group, but above all we will have more than 20 companies specializing in the introduction of artificial intelligence in the most important industrial sectors.”
“The future that awaits us,” concludes Mario Rizzante, “has not yet been written. In a short time, we will live in a unity of automation, artificial intelligence, digital interfaces and networked objects. We have a great opportunity and at the same time a Challenge that we as Reply want to take and transform into new growth areas for our group.”
The manager responsible for the preparation of the company’s financial reports, Giuseppe Veneziano, declares, in accordance with Article 154 bis paragraph 2 of the Consolidated Italian Finance Code, that the accounting information contained in this press release is consistent with the documented results, books and accounting records.
REPLY
Reply [EXM, STAR: REY, ISIN: IT0005282865] specializes in the development and implementation of solutions based on new communication channels and digital media. Consisting of a network of highly specialized companies, Reply supports the leading European industrial groups in the areas of telecommunications and media, industry and services, banking and insurance as well as public administrations in defining and developing business models that are driven by the new paradigms of AI, cloud computing, digital Media and Internet of Things are made possible. Reply’s services include: consulting, system integration and digital services. www.reply.com
This press release is a translation, the Italian version takes precedence.
View original version on businesswire.com: https://www.businesswire.com/news/home/20240313277334/de/
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