• Consolidated revenue +119.5%, equal to €98.1 million compared to €44.7 million in 2020
  • Revenue in Italy +126.9% with €94.7 million compared to €41.7 million in 2020
  • Italian branches now up to 77 (+18 compared to 2020)

Genoa, 15 February 2022 – EdiliziAcrobatica S.p.A. (the “Company” or “EDAC”), a company specialised in external renovation works, listed on the Euronext Growth Milan market (ticker symbol EDAC) and on Euronext Growth in Paris (ticker symbol ALEAC), announces that today the Board of Directors took note of the unaudited pre-closing consolidated financial results for the year ended 31 December 2021.

Consolidated revenues for 2021 amounted to €98.1 million compared to €44.7 million in the previous year, an increase of 119.5% year-on-year. In Italy, the Company’s top market, revenues grew by 126.9% in 2021, from €41.7 million in 2020 to €94.7 million. The Company continued to see excellent growth in the final three months of 2021, confirming the trend of the year’s previous quarters.

The exceptional results achieved in Italy were also favoured by the introduction of the 90% Façade Bonus incentive included in the Relaunch Decree to stimulate building improvement works. The increase has consequently made it possible to expand the Company’s operational network throughout the country.

The Company also confirmed its expansion in the French market thanks to the results of the French subsidiary EdiliziAcrobatica Sas, which in 2021 recorded growth of 9.7% year-on-year, rising from €3.1 million in 2020 to €3.4 million in 2021.

The number of direct Italian branches reached 77 as at 31 December 2021, up by 18 compared to 59 on 31 December 2020. In terms of personnel, as at 31 December 2021 the Group reached a total workforce of 1,392 human resources (+33.7%) – compared to 1,041 people at 31 December 2020, of which 77 in France in the cities of Lyon, Narbonne, Toulouse, Perpignan, Nice, Montpellier and Marseille. There was a significant increase of approximately 37% in the number of employees at the parent company EdiliziAcrobatica S.p.A., which employed 1,048 people at 31 December 2021, over 280 more than at 31 December 2020.