Digital Value Spa MIL:DGV

Digital Value S p A : The Board of Directors of Digital Value S.p.A. approves 2024 results

Published

Source: MarketScreener

DIGITAL VALUE, APPROVAL OF RESULTS AS OF DECEMBER 31, 2024 Key Financial Results as of December 31, 2024
  • Sales Revenues: €815.8 million (down €31.6 million vs 2023)
  • EBITDA: €91.8 million, equal to 11.3% of revenues (up €1.3 million vs 2023)
  • Net Profit: €35.6 million (down €2,9 million vs 2023) The Shareholders' Meeting will be convened on June 26 and 27, 2025, on first and second call, respectively. Rome, April 29, 2025 - The Board of Directors of Digital Value S.p.A. (Ticker: DGV), chaired by Paolo Vantellini, reviewed and approved the separate and consolidated financial statements as of December 31, 2024. These will be submitted to the Shareholders' Meeting scheduled for June 26 and 27, 2025, on first and second call, respectively.

    It is noted that the audit of the financial statements included in this press release has not yet been completed.

    The annual financial report will be published tomorrow, April 30, 2025, on the company's website, in the "Investor Relations / Financial Reports" section. The auditors' and Board of Statutory Auditors' reports will be made publicly available by May 15, 2025, in the "Investor Relations / Shareholders' Meetings" section.

    KEY FIGURES FOR 2024

    Consolidated net revenues amounted to €815.8 million.The decrease of €31.6 million compared to the previous year is partly attributable to the well-known legal events that occurred between October 14 and 15, 2024, involving Mr. Massimo Rossi (former Chairman and CEO of the Company and former sole director of Italware S.r.l.), as well as Digital Value itself and its subsidiaries Italware S.r.l., ITD Solutions S.p.A., and Dimira S.r.l. Breakdown of consolidated revenues by business line:
  • Next Generation Data Center: This core market of Digital Value maintained a positive trend, significantly contributing to commercial performance, with revenues of €428.1 million, up €11 million from the previous year. This segment includes numerous projects for the creation and maintenance of next-gen network platforms and data centers, including a major contract for the modernization and "as-a-service" management of infrastructure for a leading transportation operator.
  • Digital Business Transformation: This segment recorded revenues of €232.4 million, a decrease


Headquarter ROMA:

Via della Maglianella 65/E

MILANO:

Via Galileo Galilei 7

Digital Value S.p.A.

Altre sedi:

Ancona, Bologna, Napoli,

C.F. - P. IVA e Numero Registro Imprese di Roma:

00166 Roma, Italia

Tel. +39 06 66411156

20124 - Milano (MI) Italia Tel. +39 02 62610400

Prato

[email protected]

10400090964

Rea: RM 1554887

of €39 million compared to the previous year. It includes Cloud and Cybersecurity services and projects.

  • Smart Workplace Transformation: This area generated revenues of €155.3 million, a decline of

    €4 million vs 2023. It includes solutions for workplace management..

    Revenue by Market Vertical:

  • Public Administration: 58.1%

  • Industrial (including Energy & Utilities): 20.2%

  • Finance & Insurance: 12.5%

  • Telco: 9.2%

EBITDA stood at €91.8 million, up €1.3 million or +1.5% vs 2023. On a like-for-like basis with 2023, EBITDA would have increased by €1.6 million or +1.8%. The margin on net revenues rose to 11.25%, driven by a value-focused strategy and strict control of operating and overhead costs. EBIT was €57.9 million, down €3.1 million or -5% vs 2023. On a like-for-like basis, EBIT would have decreased by €2.4 million or -3.9%. Net profit totaled €35.5 million, of which €0.4 million was attributable to minority interests. This marks a decrease of €2,9 million (-8.2%) compared to December 31, 2023. Net financial debt stood at €5.8 million, down €29.7 million from the previous year-end. The decrease is mainly due to the acquisition of a stake in Infordata S.p.A., which had a net financial impact of €23.3 million. Investments amounted to €36.3 million.

Regarding financial management, Digital Value-considering its strong growth and the macroeconomic context of inflation and rising interest rates-has paid particular attention to managing Net Working Capital, aligning payment and collection terms wherever possible to avoid cash flow imbalances.

The Officer in charge of preparing the company's accounting documents, Mr. Alessandro Pasqualin, hereby declares, pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the documented results, books, and accounting records.

The separate financial statements of the Parent Company Digital Value as of December 31, 2024, show a net profit of €43,519,471, mainly from the distribution of dividends by subsidiaries during the year. The Board of Directors has resolved to propose that this profit be carried forward to retained earnings..

This press release is also available on the company's website https://www.digitalvalue.it, and on the authorized



Headquarter ROMA:

Via della Maglianella 65/E

MILANO:

Via Galileo Galilei 7

Digital Value S.p.A.

Altre sedi:

Ancona, Bologna, Napoli,

C.F. - P. IVA e Numero Registro Imprese di Roma:

00166 Roma, Italia

Tel. +39 06 66411156

20124 - Milano (MI) Italia Tel. +39 02 62610400

Prato

[email protected]

10400090964

Rea: RM 1554887

storage system eMarket Storage at https://www.emarketstorage.com.

*** *** ***

Attachments (amounts in thousands of euros), subject to audit completion:

  • Annex 1 - Reclassified Consolidated Income Statement as of December 31, 2024

  • Annex 2 - Reclassified Consolidated Balance Sheet as of December 31, 2024

  • Annex 3 - Consolidated Cash Flow Statement as of December 31, 2024

  • Annex 4 - Income Statement of Digital Value S.p.A. as of December 31, 2024

  • Annex 5 - Balance Sheet of Digital Value S.p.A. as of December 31, 2024

Digital Value SpA

Digital Value S.p.A. is the parent company of a Group that is a leading player in the Italian IT solutions and services market. It reported consolidated revenues of €815.8 million and has over 600 employees (source: consolidated financial statements as of December 31, 2024). The Group engages in research, design, development, and commercialization of ICT solutions and services for the digital transformation of large enterprise clients in strategic sectors-Telecommunications, Transportation, Utilities, Finance, Industry, and Public Administration-which drive the ICT market. Digital Value offers comprehensive solutions to meet the technology innovation needs of key market segments, thanks to its continuous and significant growth path and consolidated specialized expertise. Its success is based on the uniqueness of its know-how, the specialization of its human capital, and its recognized ability to plan, implement, and manage innovative digitalization projects.

Digital Value has been listed on the Euronext Milan market since May 2023.

Info

Digital Value S.p.A.

Via Della Maglianella 65/E, 00166 Roma

Tel. +39 0262610403

E-mail [email protected]

Alessandro Pasqualin, IR Manager



Headquarter ROMA:

Via della Maglianella 65/E

MILANO:

Via Galileo Galilei 7

Digital Value S.p.A.

Altre sedi:

Ancona, Bologna, Napoli,

C.F. - P. IVA e Numero Registro Imprese di Roma:

00166 Roma, Italia

Tel. +39 06 66411156

20124 - Milano (MI) Italia Tel. +39 02 62610400

Prato

[email protected]

10400090964

Rea: RM 1554887

Annex 1 - Reclassified Consolidated Income Statement as of December 31, 2024

Reclassified consolidated income statement

31/12/2024

31/12/2023

Var.%

Revenues from sales and services

814.670

846.482

Other revenues and income

1.135

910

Total Revenues and Other Income

815.805

847.391

-3,70%

Product acquisition costs

530.790

570.586

Service costs and rents, leases and similar costs

162.417

160.608

Personnel costs

28.718

24.969

Other operating changes

2048

731

Total product acquisition costs and operating costs

723.973

756.894

-4,30%

EBITDA

91.832

90.497

1,50%

Depreciation and amortisation

30.484

27.979

Doubtful debt provision and risks provision

3431

1543

EBIT

57.917

60.974

-5%

Non-recurrent cost

1.399

1.067

Financial income and charges

4.350

4.597

Impairments on financial assets

0

-146

Earnings before taxes (Ebt)

52.168

55.455

-5,90%

Income taxes

17.039

16.874

Net profit

35.129

38.581

-8,90%

Result from discontinued

491

0

Net result for the period

35.621

38.581

Group net profit

35.266

38.370

Minorità interest Net Profit

354

211



Headquarter ROMA:

Via della Maglianella 65/E

MILANO:

Via Galileo Galilei 7

Digital Value S.p.A.

Altre sedi:

Ancona, Bologna, Napoli,

C.F. - P. IVA e Numero Registro Imprese di Roma:

00166 Roma, Italia

Tel. +39 06 66411156

20124 - Milano (MI) Italia Tel. +39 02 62610400

Prato

[email protected]

10400090964

Rea: RM 1554887

Annex 2 - Reclassified Consolidated Balance Sheet as of December 31, 2024

Reclassified Consolidated Balance Sheet

31/12/2024

31/12/2023

Intangible assets

4.282

3.128

Goodwill

27.890

23.863

Property, plant & equipment

65.413

82.544

Investments

187

167

Other non-current assets and deferred tax assets

10.327

19.190

Total non-current assets

108.099

128.891

Inventories

195.961

220.490

Trade receivables

269.521

193.025

Other current assets

55.767

39.292

Current assets

521.249

452.807

10.848

0

Trade payables

366.516

401.983

Other current payables

25.205

12.107

Current liabilities

391.721

414.090

Net working capital

248.475

167.608

Provisions and other non-current tax liabilities

6.559

3.101

Non-current net laibilities

6.559

3.101

9.298

Net Capital Employed

232.617

164.507

Group net equity

224.623

187.288

Equity attributable to minority interests

2.165

1130

Medium-term Net Financial Position

63.527

84.186

Short-term Net Financial Position

-57.698

-108.097

Tot. Net Financial Position (Net Liquidity)

5.829

-23.911

Own funds & Net Financial Position

232.617

164.507



Headquarter ROMA:

Via della Maglianella 65/E

MILANO:

Via Galileo Galilei 7

Digital Value S.p.A.

Altre sedi:

Ancona, Bologna, Napoli,

C.F. - P. IVA e Numero Registro Imprese di Roma:

00166 Roma, Italia

Tel. +39 06 66411156

20124 - Milano (MI) Italia Tel. +39 02 62610400

Prato

[email protected]

10400090964

Rea: RM 1554887