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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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