(AGENPARL) – ven 30 settembre 2022 MeglioQuesto
S.p.A.
Francesco
Restelli
20124
Milano
http://www.meglioquesto.it
PRESS
RELEASE
MEGLIOQUESTO
GROUP
FIRST
FURTHER
GROWTH
REVENUES
+21%,
EBITDA
DEBIT
Felice
Saladini,
“Pro
forma
revenues
compared
2021;
focused
integration
acquired
companies;
additional
resources
market
accelerate
Group’s
growth,
playing
aggregator
industry.”
forma
consolidated
highlights
(unaudited
figures,
fully
include
companies
acquired
2022,
Eureweb
Smart
Contact)
forma
Revenues:
€43.3
forma
EBITDA:
€9.3
forma
EBITDA
margin
forma
EBIT:
€7.4
forma
Profit:
€4.7
Consolidated
Highlights
Revenues:
€33.1
2021:
€27.4
EBITDA:
€5.4
2021:
€4.6
Adjusted
EBITDA
€6.0
EBIT:
€4.0
2021:
€3.3
Profit:
€2.3
2021:
€1.5
Financial
Position:
positive,
standing
€0.05
2021:
€6.1
Milan,
September
Board
Directors
MeglioQuesto
(1CALL:IM,
“the
Company”
“the
Group”),
Phygital
Analytic
Company
operating
customer
experience
sector,
today
approved
consolidated
interim
financial
statements
2022,
drawn
accordance
IAS/IFRS
subject
limited
audit.
Felice
Saladini,
Chief
Executive
Officer
MeglioQuesto,
commented:
“We
successfully
ended
first
seeing
growth
revenues
economic
indicators
strong
financial
position.
first
significant
point
industrial
project
which
consolidates
foundation
Group’s
future
growth
Phygital
Analytic
Company’s
strategy:
forma
revenues
2022,
€43.3
million,
compared
2021,
reflect
following
latest
strategic
acquisitions
given
strong
boost
growth
Digital
channel
diversification
industries
which
operate
strong
impact
Group’s
margins.
strongly
focused
integration
acquired
companies,
maximising
synergies
terms
cross
selling,
operations
commercial
techn
organisation.
Exactly
after
initial
listing,
which
place
2021,
substance
development
project
shared
investors,
confirmed
their
confidence
providing
through
conversion
warrants
uance
bond,
additional
resources
needed
accelerate
Group’s
growth,
playing
aggregator
industry.”
MeglioQuesto
S.p.A.
Francesco
Restelli
20124
Milano
http://www.meglioquesto.it
Consolidated
Highlights
relation
results
presented
below,
should
noted
companies
acquired
during
first
consolidated
accordance
follows:
Eureweb
S.r.l.
01/06/2022;
MeglioQuesto
Digital
S.r.l.
(Smart
Contact)
30/06/2022
interim
results
therefore
repor
financial
position).
Revenues
totalled
€33.1
million,
compared
€27.4
million
2021.
riferimento
composizione
Ricavi,
evidenzia
contributo
positivo
entrambe
linee
business
Customer
Acquisition
registra
ricavi
milioni
euro,
rispetto
milioni
giugno
Customer
nagement
registra
ricavi
milioni
euro,
milioni
giugno
2021.
punto
vista
continua
percorso
diversificazione
Gruppo:
Telco
(38,5%),
Utilities
(30,7%),
Finance
(18,3%),
Insurance
(7,3%)
Lusso
(2,5%)
Altre
industry
(2,8%).
Value
Production
stood
€33.8
million,
increasing
compared
€28.4
million
2021.
Other
revenues
income
primarily
concern
Credit
pursuant
Article
paragraphs
Italian
205/2017
called
Credit)
amount
€500,000,
equal
consultancy
expenses
incurred.
EBITDA
stood
€5.4
million,
€4.6
illion
2021.
EBITDA
margin
15.9%.
comparison
first
account
increase
personnel
costs
related
higher
incidence
Inbound
Human
channel
activities.
Adjusted
EBITDA
before
raordinary
positive
negative
items,
amounted
€6.0
million
adjusted
EBITDA
margin
17.8%).
totalled
€4.0
million,
increasing
compared
(€3.3
million),
after
€1.4
million
amortisation,
depreciation
provisions
(€1.
million
2021).
Profit
amounted
€3.1
million,
compared
€2.5
million
2021,
after
€910
thousand
finance
costs,
compared
€818
thousand
2021.
Profit
stood
€2.3
million,
compared
€1.5
million
2021,
after
€787
thousand
taxes
(taxes
amounting
€1.0
million
2021).
Group’s
Equity
amounted
€31.5
million,
significant
increase
compared
€20.2
million
December
2021,
attributable
result
period
capital
increase
following
conversion
MeglioQuesto
Warrants,
during
first
period
operation,
worth
approximately
€8.3
million.
Financial
Position
positive
stood
€0.05
million,
significant
improvement
compared
December
(€6.1
million),
largely
attributable
increase
equivalents
because
capital
increase
following
conversion
warrants.
shows
€44.1
llion
liquidity
(cash
other
current
financial
around
€26.8
million
current
liabilities
around
€17.2
million
current
liabilities.
forma
consolidated
highlights
forma
results
shown
below
reflect
performance
MeglioQuesto
Group
considering
acquisitions
carried
during
first
2022.
scope
consolidation
fully
includes
Eureweb
S.r.l.,
whose
acquisition
finalised
Contact
S.r.l.,
whose
acquisition
finalised
2022.
forma
EBITDA
amounted
€9.3
million,
corresponding
forma
EBITDA
margin
21.1%.
forma
amounted
€7.4
million,
after
€2.0
million
amortisation,
depreciation
provisions.
MeglioQuesto
S.p.A.
Francesco
Restelli
20124
Milano
http://www.meglioquesto.it
forma
Profit
amounted
€6.4
million,
while
forma
Profit
totalled
€4.7
million,
after
€1.7
million
taxes.
Significant
events
occurred
during
after
month
period
Illimity
February
2022,
MeglioQuesto
entered
three
agreements
Illimity
S.p.A.
totalling
€15.5
million
maturity
December
2027.
towards
steady
optimisation
financial
structure,
facilitating
pursuit
Company’s
strategy
generation
value
equity
owners.
Specifically,
accordance
limitations
under
Italian
SACE’s
Terms
Conditions
regulated
Italian
Decree
23/2020,
called
Liquidity
Decree
€10.5
finance
working
capital,
staff
costs
investments
production
facilities
business
operations
Italy,
while
remaining
million
acquisitions.
Among
other
things,
allowed
RiverRo
(€9.3
million,
including
prepayment
penalty)
entered
finance
acquisition
early,
resulting
about
€1.84
million
overall
savings
period,
including
about
€0.56
million
March
2022,
binding
agreement
signed
acquisition
Eureweb
S.r.l.,
leader
digital
performance
specialised
generation
drive
store
which,
starting
analysis,
develop
highly
complex
multi
channel
digital
strategies.
allows
MeglioQuesto
enhance
business
model
establish
first
Phygital
Analytic
Company.
Moreover,
acquisition,
Group
offers
innovative
service
access
experience,
physical
digital,
characterised
immediacy
interaction.
complemented
unprecedented
ability
measure
actual
conversion
media
investments
digital
world,
towards
physical
channel.
Significant
synergies
pected
between
Eureweb’s
drive
store
expertise
MeglioQuesto’s
strong
local
roots,
further
consolidated
acquisition
MeglioQuesto
Human
S.r.l.
(formerly
OMICRON)
2021.
acquisition
allows
significant
expansion
customer
base,
providing
continuity
Group’s
ongoing
process
industry
diversification
expansion.
closing
place
2022,
preliminary
agreement
signed
acquisition
Smart
Contact
S.r.l.
MeglioQuesto
Digital
S.r.l.)
digital
agency
specialised
offering
highly
profiled
generation
solutions
using
proprietary
platforms.
transaction
represents
further
MeglioQuesto’s
growth
path,
which
started
acquis
ition
(that
allowed
expand
Voice
channel
offer
Digital
solutions
focused
generation)
continued
MeglioQuesto
Human
(formerly
Omicron,
Human
area,
strong
specialisation
finance)
media
agency
reweb
Digital
area).
inorganic
growth
enabled
strengthening
Group’s
multi
channel
offer
create
Phygital
Analytic
Company
capable
delivering
value
added
services
increasingly
wider
range
industries.
Following
acquisition
Eureweb,
MeglioQuesto
further
strengthened
Digital
offer
expanding
digital
capabilities
associated
generation
services
firms,
internal
developers
working
custom
generation.
round
Group’s
offer
relative
recent
acquisition
Eureweb,
which
greater
focus
product
firms.
addition,
technological
infrastructure
capabilities
digital
segment
allow
accelerating
integration
services
across
Group’s
three
channels
(Human,
Voice
Digital).
consolidates
business
relations
partner
brands,
expanding
product
service
offer
include
digital
services
enabling
further
development
value
products
integrate
three
channels.
closing
place
instruments
2022,
pursuant
Article
Italian
Civil
Code,
issue
approved,
named
“MeglioQuesto
4.75%
maximum
total
value
€15
million,
months,
consisting
1,500
bonds
issued
value
€10,000
each.
transaction
MeglioQuesto
S.p.A.
Francesco
Restelli
20124
Milano
http://www.meglioquesto.it
2022:
subscribed
total
amount
€12.5
issuing
1,250
bonds
value
€10,000.
bonds
subscribed
their
value.
MeglioQuesto
requested
admission
trading
ExtraMOT
segment
ExtraMOT
organised
managed
Borsa
Italia
S.p.A.
rating
assigned
either
issuer
bonds.
guarantee
granted
connection
bonds.
bonds
issued
exempt
obligation
publish
offer
prospectus,
pursuant
purposes
Article
Regulation
2017/1129.
issue
start
trading
ExtraMOT
segment
place
2022.
2022,
first
exercise
period
“MeglioQuesto
Warrants”
(ISIN
ended,
running
2022,
initial
final
terms
included.
total
5,374,885
Warrants
exercised
consequently,
5,374.885
newly
issued
MeglioQuesto
ordinary
shares
subscribed,
price
€1.540
share
ratio
ordinary
share
every
Warrant
exercised),
indication
value,
regular
dividend
rights
having
characteristics
MeglioQuesto
ordinary
shares
outstanding
issue
“Conversion
Shares”),
worth
€8,277,322.90.
total
618,777
MeglioQuesto
S.p.A.
ordinary
shares
(regular
dividend,
assigned
charge
called
bonus
shares
Governance
Shareholders’
Meeting
August
2022,
approved:
ordinary
session,
increa
number
Board
Directors’
members
appointed
Alessandro
Nitti
independent
board
member;
extraordinary
session,
Board
approved,
among
other
things,
amendment
Articles
current
Article
Association
introduction
Article
order
allow
possibility
issue
multiple
voting
shares
“Multiple
Voting
Shares”).
deadline
exercising
right
withdrawal,
pursuant
Article
2437(1)(g)
Italian
Civil
Code,
September
2022.
appointed
intermediary
asked
provide
feedback
final
number
requests
exercise
right
withdrawal
received
Business
outlook
Regarding
business
outlook,
results
Parent
Company
MeglioQuesto
Group
expected
positive
MeglioQuesto
(1CALL:IM
channel offer aimed at top tier customers
in the telco, multiutility, finance and insurance sectors. MeglioQuesto is a market leader, with its articulated multi
channel offer ba
sed on
customised solutions for the acquisition and management of relationships with end consumers. The Group operates along the fol
lowing
business lines: “Customer acquisition”, with a focus on all services aimed at increasing and developing companies’ cu
stomer base through
activities designed for the acquisition of new end customers or through up
selling and cross
selling activities on already active users;
“Customer management”, with a focus on customer care services and, in particular, on all services r
elating to the management of relations
between the Company and end customers, including phone, sales and technical assistance services, file management and back off
activities.
Identification codes
1CALL) MeglioQuesto 2021
Press
releases
available at
http://www.meglioquesto.it
http://www.1info.it
For further
information
ISSUER
MeglioQuesto
IR Manager, Felice Saladini:
Head of Communication, Maurizio Guagnetti:
MeglioQuesto
S.p.A.
Francesco
Restelli
20124
Milano
http://www.meglioquesto.it
EURONEXT GROWTH ADVISOR
Illimity Bank
IR ADVISOR
IR Top
Consulting
Maria
Pireddu,
Domenico
Gentile,
MeglioQuesto
S.p.A.
Francesco
Restelli
20124
Milano
http://www.meglioquesto.it
RECLASSIFIED
CONSOLIDATED
INCOME
STATEMENT
(Amounts
Euro)
forma
Revenues
sales
services
27,355,881
33,068,523
43,300,101
Other
revenues
income
1,020,999
718,039
762,802
Value
Production
28,376,880
33,786,562
44,062,903
material
costs
1,649,258
1,801,071
1,823,446
Service
costs
16,557,913
16,048,269
21,270,968
Staff
costs
3,873,896
8,263,127
8,967,989
Changes
Inventories
150,263
123,788
123,788
Other
operating
costs
1,582,262
2,420,876
2,816,743
Total
operating
costs
23,813,592
28,409,556
34,755,358
EBITDA
4,563,288
5,377,007
9,307,545
Amortisation
depreciation
1,147,153
1,204,148
1,788,373
Provisions
write
downs
111,647
164,190
164,190
Amortisation,
depreciation
provisions
1,258,800
1,368,338
1,952,563
recurring
costs
3,304,488
4,008,669
7,354,982
Interest
income
(expense)
(817,663)
(909,756)
(941,828)
2,486,912
3,098,912
6,413,154
Income
taxes
(1,007,655)
(786,885)
(1,724,038)
Profit
(Loss)
period
1,479,257
2,312,027
4,689,116
Profit
(Loss)
period
attributable
minority
interests
392,291
1,143,074
Group
profit
(loss)
period
1,479,257
1,919,736
3,546,042
MeglioQuesto
S.p.A.
Francesco
Restelli
20124
Milano
http://www.meglioquesto.it
CONSOLIDATED
STATEMENT
FINANCIAL
POSITION
(Amounts
Euro)
ASSETS
Intangible
45,780,421
20,501,336
Right
2,683,399
3,036,170
Property,
plant
equipment
1,959,279
1,701,037
Financial
209,922
183,072
Deferred
22,926
22,762
CURRENT
ASSETS
50,655,946
25,444,377
Inventories
517,979
392,845
Trade
receivables
23,786,891
23,045,070
Other
current
23,157,181
9,541,202
Financial
119,519
901,944
equivalents
24,576,829
6,482,690
CURRENT
ASSETS
72,158,401
40,363,750
TOTAL
ASSETS
122,814,346
65,808,127
EQUITY
LIABILITIES
Share
capital
1,819,588
1,282,100
reserves
(136,692)
25,166
Legal
reserve
28,432
10,000
reserve
248,411
80,357
Other
reserves
21,323,688
12,697,081
earnings
(accumulated
losses)
6,264,712
2,376,385
Group
profit
(loss)
period
1,919,736
3,888,326
GROUP
EQUITY
31,467,875
20,198,702
Share
capital
reserves
attributable
minority
interests
5,885,229
5,568,889
Profit
(Loss)
period
attributable
minority
interests
392,291
EQUITY
ATTRIBUTABLE
MINORITY
INTERESTS
6,277,520
5,568,889
TOTAL
EQUITY
37,745,395
25,767,591
Deferred
liabilities
174,294
328,315
Provisions
risks
charges
303,781
303,781
Provisions
employee
benefits
653,145
754,231
Right
financial
liabilities
2,258,999
2,607,898
Financial
liabilities
35,161,920
14,440,198
CURRENT
LIABILITIES
38,552,138
18,434,423
Trade
payables
8,719,174
6,302,790
liabilities
5,134,956
3,225,027
Right
financial
liabilities
444,489
512,396
Financial
liabilities
3,870,426
4,166,697
Other
current
liabilities
28,347,769
7,399,203
CURRENT
LIABILITIES
46,927,642
21,606,113
TOTAL
LIABILITIES
EQUITY
122,814,346
65,808,127
MeglioQuesto
S.p.A.
Francesco
Restelli
20124
Milano
http://www.meglioquesto.it
CONSOLIDATED
FINANCIAL
POSITION
(Amounts
Euro/000)
24,588
6,444
equivalents
Other
current
financial
assets
19,346
10,878
Liquid
assets
44,051
18,224
Current
financial
7,126
12,042
Current
portion
current
borrowings
19,709
5,488
Current
borrowings
26,835
17,531
current
borrowings
17,216
current
financial
17,165
6,817
instruments
Trade
payables
other
current
payables
current
borrowings
17,165
6,817
Total
borrowings
6,124
MeglioQuesto
S.p.A.
Francesco
Restelli
20124
Milano
http://www.meglioquesto.it
CONSOLIDATED
STATEMENT
FLOWS
(indirect
(Amounts
euro)
Financial
flows
deriving
income
management
(indirect
Profit
(loss)
Income
taxes
786.885
Interest
expense
(interest
income)
909.756
817.576
(Capital
gains)
losses

Profit
(loss)
before
income
taxes,
interest,
dividends
capital
gains
losses
disposal
Adjustments
monetary
items
counterpart
working
capital
Provisions
funds
164.190
66.107
Fixed
depreciation
Write
downs
permanent
losses
value
164.190

Adjustments
financial
liabilities
derivative
financial
instruments
involve

Other
adjustments
monetary
items

before
changes
Changes
working
capital
Decrease
(increase)
inventories
(125.134)
150.262
Decrease
(increase)
receivables
customers
(807.994)
Increase
(decrease)
trade
payables
162.619
Decrease
(increase)
accrued
income
prepaid
expenses
397.041
Increase
(decrease)
accrued
liabilities
deferred
income
178.097
29.488
Other
changes
working
capital
after
changes
Other
adjustments
Interest
received/(paid)
(909.756)
(817.576)
(Income
taxes
paid)
(789.171)
Dividends
collected
funds)
after
other
adjustments
operating
activities
Financial
flows
deriving
investment
activity
(investments)
disinvestments
intangible
fixed
(1.229)
(investments)
disinvestments
tangible
fixed
(340.277)
121.705
(investments)
disinvestments
right
(63.483)
(382.299)
(investments)
disinvestments
financial
fixed
current
financial
755.411
52.219
(investments)
disinvestments
equity
investments
Financial
flows
deriving
investment
activity
(209.604)
Financial
flows
deriving
financing
activities
Third
party
means
Increase
(decrease)
short
payables
banks
Increase
(decrease)
payables
other
lenders
(416.806)
(5.737)
MeglioQuesto
S.p.A.
Francesco
Restelli
20124
Milano
http://www.meglioquesto.it
Reimbursement
(Disbursements)
financial
receivables
143.000
funds
Capital
increase
against
payment,
listing
costs
treasury
shares
Purchase
Human
Digital
equity
investments

Capital
increase
Warrant
(501.880)

(purchase)
shares
Financial
financing
activities
Increase
(decrease)
equivalents
equivalents
beginning
Change
consolidation
equivalents