Business
Doxee S p A : TitleBoard of directors approves the draft financial statements and consolidated financial statements at December 31, 2024
Doxee S p A : TitleBoard of directors approves the draft financial statements and consolidated financial statements at December 31,
About this update from Doxee S.p.a.
[{"type":"text","content":"BOARD OF DIRECTORS APPROVES THE DRAFT FINANCIAL STATEMENTS AND CONSOLIDATED FINANCIAL STATEMENTS\n AS OF DECEMBER 31, 2024\n RETURN TO POSITIVE EBITDA DUE TO ORGANIZATIONAL STRUCTURE EFFICIENCY AND\n IMPROVEMENT IN NET FINANCIAL DEBT\n EXCELLENT PERFORMANCE OF DACH AREA\n PUSHING REVENUE GROWTH\n Main consolidated results as of December 31, 2024\n • Revenues: 26.5 €M (2023: 25.8 €M)\n • Value of production: 29.8 €M (2023: 29.5 €M)\n • EBITDA1:2.9 €M (2023: -0.2 €M)\n • Net Financial Debt: 19.3 €M (2023: 21.6 €M)\n • Approved 2024 Sustainability Report and Impact Report\n Modena, March 24, 2025\n The Board of Directors of Doxee (DOX: IM), a leading high-tech multinational provider of Customer Communications Management (CCM), Digital Customer Experience, and Paperless, met today to approve the draft financial statements and consolidated financial statements as of December 31, 2024, prepared in accordance with IAS/IFRS International Accounting Standards.\n Paolo Cavicchioli, CEO of Doxee, commented: \"We are pleased with the results achieved in 2024, which mark an important step toward consolidating our leadership position in the Customer Communications Management sector and in the European market. Revenues, which reached Euro 26.5 million, were strongly driven by performance in the DACH regions, where we recorded growth of more than 30%, the result of targeted investments in the Sales and Marketing areas and the first results from the release of the integrated Doxee Platform release. At the same time, in Italy, we optimized our organizational structure thanks to synergies implemented at the Group level, contributing to a positive return on EBITDA of Euro 2.9 million.\n The main objective achieved was the consolidation of the organization with a unified structure - ONE Company and ONE Platform - extending our commercial and technological capabilities with the integration of cloud products into a single portfolio of offerings dedicated to supporting the Doxee ONE Value Proposition.\n 1 EBITDA is defined by Doxee as Earnings Before Tax (EBT), as reported in the consolidated income statement before (i) financial income and expenses, (ii) amortization of intangible assets, (iii) depreciation of tangible assets, and (iv) provisions. Since EBITDA is not identified as an accounting measure under the IAS-IFRSs adopted by the Company, its q...