(Alliance News) - The board of directors of Tecma Solutions Spa, a Tech Company specializing in Digital Transformation for the Real Estate sector and listed on Euronext Growth Milan, has approved a new growth-oriented strategic program through the streamlining and reorganization of a number of corporate functions and structures, with the aim of improving its profitability and facilitating the achievement of expansion and consolidation goals in the current macroeconomic environment.

In light of the radical market changes that have developed since the third quarter of 2022 and the continuous evolutions in the technological field, the company has finalized in recent months a strategic optimization of its growth model with some main objectives: to focus its international expansion model on the United States, to direct investment in research and development on the proprietary software platform, to orient the business model in order to improve, already in the short term, operating margins with return in positive profitability, and to apply a general efficiency strategy resulting in a significant reduction in operating costs.

The set of actions that will be implemented during the second half of 2023 are aimed at achieving the first results as early as the fourth quarter and will enable a reduction in operating costs of approximately EUR3 million during 2024, contributing, together with continued business growth, to a substantial improvement in operating margins.

The strategic program also plans to continue on the path of international development, structuring of distribution channels and product consolidation already announced during 2022, through the use of part of the freed resources so that they can further contribute to targeted investments to accelerate the growth path.

Tecma Solutions is down 1.0 percent at EUR3.86 per share.

By Claudia Cavaliere, Alliance News reporter

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