SIRTI GROUP: normalised EBITDA UP 45% in 2022

28 April 2023

2022 ended with revenue of €743 million (+11% compared to 2021) and a normalised EBITDA of €58 million (+45% compared to 2021).

Competitive Transformation Plan completed two years in advance of the targets announced. Presentation of the Business Plan towards 2027: target of revenues in excess of €1 billion, a profit margin of more than 10% and over 1000 new employees, thanks to the digital transformation of the networks and the digitalisation process under way in the country.

Milan, 28 April 2023 - Sirti Group – a leading player in the development of network infrastructures and digital and cybersecurity services – has closed 2022 with results on the up, and has announced the completion of the Competitive Transformation Plan two years in advance of the targets announced.

In 2022, Sirti recorded revenue of €743 million, a rise of 11% compared to the €667 million recorded in 2021 (+€76 million). The company also recorded a significant jump in EBITDA, up 45% compared to the previous year, adjusted to take account of the effects of the dollar and the revaluation of severance

indemnity, rising from €40 million in 2021 to the figure for last year of €58 million.

Sirti has a backlog of contracts assigned and orders amounting to around €1.4 million, and a Net Finmancial position of €100.5 million for 2022. 

Significant performance in 2022 for the two main companies in the Group. Sirti Telco recorded revenue of €517 million, up 12% on 2021, and a normalised EBITDA up 40% to €34.6 million, while Sirti Digital Solutions closed 2022 with revenues of €226 million (up 11% compared to the previous year) and a normalised EBITDA of €23.3 million, a rise of 50% compared to 2021.

Also presented was the Business Plan towards 2027, which sets a target of over €1 billion in revenue, an EBITDA in excess of €100 million and more than 1000 new employees. These targets are based on then Group’s leadership position in the development and management of infrastructures, and – thanks to its distinctive networking skills and knowledge of the market –its growing presence in the digital services area, specifically in cybersecurity and IoT.

Also published, on a voluntary basis, was the 2022 Sustainability Declaration, containing information selected based on a structured “double materiality” analysis, in line with the recent Directive (EU) 2022/2464 of 14 December 2022.

“Thanks to our long-established Telco skills and the increase in our strategic focus on digital solutions, technological innovation and the development of new in-house competences, Sirti is today a benchmark in the process for the digital transformation of networks and the digitalisation of the whole country”, commented Laura Cioli, CEO of Sirti Group. “One of the fundamental elements in this process has been the building of a team of high-level top managers, resulting from a combination of professionals already present in the company and new colleagues with distinctive skills from different business backgrounds.

Today we are a Group able to evolve and change continuously, quickly and sustainably, firmly rooted in a strongly “hands-on”, industrious culture. This evolution is allowing us to grasp new opportunities for growth in an extremely competitive context, yet with significant scope for growth deriving from the development of network infrastructures and the digital transition under way.”


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Sirti Digital Solutions: edge computing and intelligent networking, the right combination to face the future

Luca Rubaga, Managing Director of Sirti Digital Solutions, describes the characteristics​ ​networks must have in order to provide​ ​intelligent support to this digital evolution.​ ​In this era of growing digitalisation, data and information are fundamental assets for​ ​business competitivity in every sector and in every dimension. Cloud computing has​ ​been one of the main enablers of this new​ ​scenario, taking on the role of a platform for the​ ​orchestration of all those elements that characterise the digital transformation,​ ​such as​ ​artificial intelligence, IoT, virtualisation or analytics. Data management – the acquisition, processing and use of data – is bringing out the​ ​edge as the new focal hub of digital infrastructures, and making it the focus of attention in​ ​a number of productive sectors, including Telco. Bringing technological innovation to the​ ​edge is an essential prerequisite for the development and enablement of new services​ ​with high added value, to​ ​improve competitive positioning. It is in this context that edge​ ​computing comes into play: an architectural approach that extends​ ​the cloud computing​ ​model, offering the possibility to process data as close as possible to where they are​ ​generated or used, with​ ​significant advantages for the user experience.​ ​This architectural approach, in a 5G network infrastructure environment, enables the​ ​development of business cases relating to new high-added-value services, thanks to the​ ​availability of low-latency access and​ ​transport, together with computational capacities​ ​close to data generation or use. The development of new services offers huge​ ​potential to​ ​create new business opportunities, while at the same time expanding the range of​ ​stakeholders involved. Intelligent networks based on automation​ ​In such a decentralised technological environment, with a constantly growing volume of data, the so-called “intelligent networks” are becoming essential to the effective​ ​orchestration of data, with a positive impact on​ ​business operations. This is where​ ​Intelligent Networking comes in: a model that moves beyond the traditional FCAPS (fault,​ ​configuration, accounting, performance, security) concept, orchestrating communication​ ​and services “intelligently”, in a​ ​virtualised context.Because this is an architectural solution with a strong element of automation, geared​ ​towards the development and/or evolution ​+​of services, it is among the key objectives of the​ ​main service providers. Thanks to the growing complexity of telecommunication​ ​services,​ ​the Intelligent Networking concept has evolved further, starting out from software-defined​ ​network architectures and​ ​using a series of efficient osmosis processes to bring on​ ​​board elements from other “universes”, such as software development,​ ​machine learning​ ​​and artificial intelligence.​ ​This evolution has aided the development of new network management solutions that​ ​combine a high degree of flexibility with an impressive capacity to adapt to business needs​ ​that is less prone to human error. In​ ​short, an increasingly “intelligent”, properly​ ​orchestrated network ensures greater control, greater flexibility, a greater ability to​ adapt to​ ​new requirements, and a shorter time to market for the new services, without impacting​ ​information security levels.Among the main benefits of this evolution are undoubtedly a significant reduction in​ ​operating costs, and thus the optimisation of investments in hardware, also thanks to the​ ​virtualisation process, which enables the consolidation of network functions.In conclusion, this type of model offers a large number of opportunities from the point of​ ​view of both sustainability, by reducing​ ​energy and environmental impact, and social​ ​development, by offering and enabling employment opportunities. ALL RIGHTS RESERVED.