EDILIZIACROBATICA SPA ANNOUNCES ITS PRELIMINARY RESULTS
o Group consolidated revenues +14.1% in December 2020, equal to €44.8 million, compared to €39.2 million in 2019
o Group revenues in Italy +15.8%, equal to €41.6 million, compared to €35.9 million in 2019
Genoa, 10 March 2021 – The Board of Directors of EdiliziAcrobatica S.p.A. (the “Company” or “EDAC”), a company specialised in ordinary and extraordinary construction maintenance works listed on the AIM Italia segment of the Italian stock exchange (ticker symbol EDAC) and on Euronext Growth (ticker symbol ALEAC), today examined the preliminary consolidated revenues from sales and services as at 31 December 2020 for the EdiliziAcrobatica Group, not subjected to statutory audit, amounting to €44.8 million, up 14.1% compared to the previous year.
The value of revenues from sales and services recorded at 31 December 2020 in Italy amounted to €41.6 million, an increase of 15.8% compared to €35.9 million in 2019, notwithstanding the lockdown lasting more than two months due to the pandemic. The development of business in Italy was also favoured by the introduction of the 90% Façade Bonus incentive included in the Relaunch Decree to stimulate building improvement works.
Furthermore, there was a positive trend in the total volume of services provided in Italian construction sites, which recorded revenues of €39.3 million, with an increase of approximately 17.8% compared to the €33.4 million achieved in 2019, demonstrating theCompany’s great ability to execute even in a particularly difficult market such as that of 2020.
In Italy, direct operating construction sites reached 59 as at 31 December 2020, up by 14 compared to 45 as at 31 December 2019. Revenues from sales and services recorded by the French company EdiliziAcrobatica France Sas amounted to approximately €3.1 million, down €140 thousand compared to €3.3 million in 2019. In France the Group increased its direct staff by 28 units in the cities of Lyon, Narbonne, Toulouse, Perpignan, Nice, Montpellier and Marseille in preparation for the recovery expected in 2021. EdiliziAcrobatica S.p.A. counted a total of 765 employees at 31 December 2020 compared to 625 at 31 December 2019. Considering also the French company EdiliziAcrobatica France Sas and franchised businesses, the Group reached a total workforce of 1,041. Riccardo Iovino, founder and CEO of EDAC, noted: “We can only be satisfied with this continuous growth that rewards our innovative business model, our organisational capacity and the speed of action that allows us to seize important opportunities such as the Façade Bonus. Our current international expansion will place our sales force in a strong position to make the most of imminent post-pandemic opportunities”.[/vc_column_text][vc_empty_space height=”22px”][vc_column_text]PRESS RELEASE_EDILIZIACROBATICA SPA ANNOUNCES IT’S PRELIMINARY RESULTS[/vc_column_text][vc_empty_space height=”22px”][vc_row_inner][vc_column_inner width=”1/2″][vc_column_text]Deborah Dirani
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