09-05-2024

• Revenues and margins increasing in all business areas
• 2023 turnover exceeds €1 billion [1,156], up 8% from 2022
• Adjusted EBITDA at €211 million [margin 18.3%]
• Francesca Mariotti joins the board as an independent director
• Talent Acquisition: over one thousand new hires in 2023 and the development plan for 2024

 Almaviva, an Italian digital innovation group, unanimously approved the 2023 financial statements during its shareholders’ meeting. The group’s turnover exceeded €1 billion in 2023, reaching €1.156 billion, up 8% from the previous year.

The financial data shows a growth trajectory for the group reflected in the EBITDA of € 211 million (+16.4%) and an adjusted margin of 18.3%.

The backlog, which stands at approximately €2.5 billion, equivalent to 3x the 2023 revenue, is also indicative. Finally, the financial leverage (net debt to EBITDA ratio) stands at 0.9x.

“2023, which marked the 40-year anniversary of entrepreneurial activity, was another year of growth and success for the Almaviva Group, in terms of both turnover and margins, in all areas of business,” commented Alberto Tripi, the group president. “Over the years we’ve grown sustainably, both in Italy and abroad, harnessing the potential offered by technological innovation to create shared value.”

“A journey of growth accompanied by the continuous integration of skills and new talents, acknowledging that people are our most valuable resource. Over the past three years, we’ve hired approximately 3000 professionals in Italy, with over one thousand joining us in 2023 alone, mostly young people under the age of 30. For 2024 we’ve outlined an ambitious plan to introduce new professionals throughout the country," concluded Tripi, recently appointed Special Advisor for Artificial Intelligence and Cybersecurity in the new Confindustria presidency team

Francesca Mariotti, former General Manager of Confindustria, joined the Board of Directors of the parent company, Almaviva S.p.A., as an independent director.