(Alliance News) - Digital Value Spa reported that it closed fiscal year 2023 with revenues of EUR847.4 million, up 20 percent from EUR708.5 million as of Dec. 31, 2022.

Profit in the period amounted to EUR38.6 million from EUR34.0 million in FY2022.

Ebitda stood at EUR90.5 million, up 23 percent from EUR73.6 million in 2022.

The company explained that it increased Ebitda margin to 10.68 percent on net revenues in 2023 due to a focus on a value strategy and persistent control of operating and structural costs.

Ebit stood at EUR61.0 million, up 19% from EUR51.1 million as of Dec. 31, 2022.

Net financial position was EUR23.9 million confirming solid operating cash generation.

Capital expenditures totaled EUR57.3 million.

Massimo Rossi, chairman of Digital Value, commented, "Thanks to the contribution of all the companies in the group, 2023 was a year of great satisfaction for Digital Value."

"The positioning at the top end of the market, the growing demand for solutions that require value expertise, and the nationwide presence of our organization, well balanced by geographic areas and sales channels, are some of the elements that we believe have marked this period in a decisive way."

"Moreover, collaboration with the vendor ecosystem has been an important pillar in achieving concrete results in strategic technology waves, Cyber Security and Artificial Intelligence integration."

"Looking ahead, we imagine that even through the newly announced synergies, we can continue on this healthy, bright and solid growth trajectory."

By Claudia Cavaliere, Alliance News reporter

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