Earnings Release • Sep 30, 2021
Earnings Release
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PRESS RELEASE
Rome, September 30, 2021 - Unidata S.p.A., operator of Telecommunications, Cloud and IoT services, listed on the AIM Italia market of the Italian Stock Exchange, announces that the Board of Directors met today under the chairmanship of Renato Brunetti, examined and approved the half-yearly report as of June 30, 2021, prepared in accordance with IAS/IFRS International Accounting Standards.
The report as of June 30, 2021 has been subject to a voluntary limited audit.
Renato Brunetti, President of Unidata: "The first half of 2021 also confirms growth for Unidata, which has shown a robust improvement in all the main financial indicators.
A growth that is also reflected in the stock market where the value of the individual Unidata shares, during the first half of 2021, rose from € 19.35 on 4 January to € 42.20 on 29 June with an increase of 118% reaching a capitalization of € 103 million.
We operate in a sector with strong growth and substantial resources provided by the PNRR and with a look to the future I can say that the strategic positioning that the Company has consolidated over time, the result of strong teamwork and continuous investments aimed at offering technologically advanced services, will allow Unidata to take advantage, for the coming months, of the growth phase in demand in the production sector resulting from the positive evolution of the pandemic emergency".
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Unidata closes the first half of 2021 with a Value of Production of approximately €14.2 million (an increase of approximately +59% compared to the same period of 2020 of €8.9 million) and with a value added of €5.4 million (an increase of 39.84% YoY and an incidence of 38% on the Value of Production). The result was mainly generated by revenues from fiber optic connections.
EBITDA amounted to €3.7 million, representing 26% of the value of production, with a YoY increase of 48.8% (as of June 30, 2020 it was €2.5 million, corresponding to 28% of the value of production).
Organic growth, i.e. net of the effect of adopting the new international accounting standards, can be summarized as +48.9% in Value of Production and +33.15% in EBITDA.
Operating Income (Ebit) stood at €1.5 million (10.8% on the Value of Production) with an increase of 52.9% compared to €1.0 million in the same period of 2020.
The Net Income for the period shows a result of 2.98 million euros (+21% on the Value of Production) with an increase of 377% compared to the result of 0.63 million euros in 1H 2020. The Net Income figure benefits from an extraordinary adjustment of approximately €1.84 million for recovery of deferred taxes.
The company further strengthens its capital structure with shareholders' equity of €24.5 million as of June 30, 2021 compared to €21.4 million as of December 31, 2020.
In the period under review, Unidata reports a positive NFP of 1.38 million euros, lower than the 3.42 million euros as of December 31, 2020, mainly due to the investments made mostly relating to fiber optic cabling in the areas of the Municipality and Province of Rome).
Data at June 30, 2021 show an average Arpu (Average Revenue Per Users) per month for Business customers of around 517 euros, up 4% on the value of 497 euros for the same period in 2020. In the Microbusiness segment a value in line with that of the same period of 2020 was recorded (72.7 in 1H 2021 against 73 in HY 2020). With regard to residential customers (Consumer), the Arpu at June 30, 2021 was €24.3, compared to €24.6 in 1H 2020.
The first half of 2021 continues to see high customer growth, with customers increasing by +43% compared to the same period in 2020. The growth concerns all three market segments, Business (which also includes Wholesale Customers), Micro Business and Consumer, which show growth of 18%, 30.6% and 49.3% respectively in YoY. The Wholesale segment, which includes Business customers, remains in line with previous periods.
| CUSTOMERS | 1H 2021 | 1H 2020 | ∆% 1H/1H |
|---|---|---|---|
| Business | 1.454 | 1.232 | +18% |
| Micro Business | 367 | 281 | +30,6% |
| Consumer | 8.840 | 5.920 | +49,3% |
| TOTAL | 10.661 | 7.433 | +43% |
In the first half of 2021 the fiber optic network expanded by 671 km of cables laid by the company, reaching a total extension of 3,656 km (2,640 km at June 30, 2020) with an increase of +38.5% YoY.
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This press release is available at Borsa Italiana, on the storage mechanism () and on the company's website www.unidata.it in the Investors/Press releases section.
Unidata S.p.A. Nomad Roberto GIACOMETTI EnVent Capital Markets Ltd 329 2478696 +39 06 896841
CFO ed Investor Relator Officer Londra, Berkeley Square 42, W1J54W +39 +39 [email protected] [email protected]
Bianca FERSINI MASTELLONI Paolo SANTAGOSTINO Silvia MARONGIU +39 349 3856585 06.69923324-06.6797849 [email protected] [email protected]
BANCA FINNAT EURAMERICA SPA Palazzo Altieri, Piazza del Gesù 4906.699331
Unidata S.p.A. Telecommunications, Cloud and IoT Operator. The Company was founded in 1985 by 3 partners still in the Company. With a fiber optic network of 3,350 km in continuous expansion, a wireless network and a proprietary data center, provides over 10,600 business, wholesale and residential customers with ultra-wideband connectivity services with FTTH (Fiber to the Home) network architectures, wireless connectivity, VoIP services, cloud services and other dedicated solutions, with a high level of reliability and security. Other activities in the operational start-up phase concern the Internet of Things (IoT), with the development and supply of solutions for the home automation market and Smart City.
Unidata S.p.A. ISIN CODE: IT0005338840 (Reuters UD MI - Bloomberg UD IM) is listed on the AIM Italia Market of the Italian Stock Exchange.
Attachments:
| Note | Al 30 giugno 2021 |
Al 31 dicembre 2020 |
|
|---|---|---|---|
| Altre attività immateriali | 5 | 629.390 | 711.184 |
| Attività per diritti d'uso | 6 | 7.878.944 | 7.353.298 |
| Immobili, impianti e macchinari | 7 | 29.196.322 | 26.032.604 |
| Partecipazioni | 8 | 1.179.155 | 1.250.000 |
| Altre attività finanziarie non correnti | 9 | 901.812 | 474.414 |
| Altri crediti e attività non correnti | 10 | 2.016 | 2.016 |
| Imposte differite attive | 11 | 217.016 | 257.975 |
| TOTALE ATTIVITA' NON CORRENTI | 40.004.655 | 36.081.491 | |
| Rimanenze | 12 | 1.420.580 | 969.982 |
| Crediti commerciali | 13 | 9.723.813 | 13.994.653 |
| Crediti tributari | 14 | 105.112 | 611.446 |
| Altre attività finanziarie correnti | 15 | 202.759 | 155.352 |
| Altri crediti e attività correnti | 16 | 2.277.141 | 1.288.464 |
| Disponibilità liquide e mezzi equivalenti | 17 | 10.365.442 | 11.130.583 |
| TOTALE ATTIVITA' CORRENTI | 24.094.848 | 28.150.480 | |
| TOTALE ATTIVO | 64.099.503 | 64.231.971 | |
| Capitale Sociale | 2.449.350 | 2.449.350 | |
| Riserva Legale | 445.191 | 275.586 | |
| Riserva Straordinaria | 57.007 | 57.007 | |
| Riserva IAS19 TFR | (142.182) | (222.567) | |
| Riserva di quotazione | (95.695) | (95.695) | |
| Altre Riserve | 6.936.622 | 6.920.361 | |
| Utili/Perdite a nuovo | 6.575.098 | 3.352.597 | |
| Riserva FTA | 5.298.437 | 5.298.437 | |
| Risultato dell'esercizio | 2.988.709 | 3.392.106 | |
| TOTALE PATRIMONIO NETTO | 18 | 24.512.537 | 21.427.182 |
| Benefici per i dipendenti | 19 | 1.003.963 | 1.042.377 |
| Strumenti finanziari passivi | 20 | 21.491 | 42.218 |
| Debiti Finanziari non correnti | 21 | 8.204.392 | 7.780.606 |
| Altre passività non correnti | 22 | 12.484.107 | 12.933.138 |
| Altre passività finanziarie non correnti | 23 | - | 841 |
| Imposte differite passive | 11 | 21.913 | 1.840.190 |
| TOTALE PASSIVITA' NON CORRENTI | 21.735.866 | 23.639.370 | |
| Debiti commerciali | 24 | 7.128.514 | 8.570.737 |
| Debiti tributari | 25 | 1.099.451 | 1.576.677 |
| Debiti Finanziari correnti | 21 | 1.742.900 | 1.361.691 |
| Debiti per imposte correnti | - | - | |
| Altre passività correnti | 26 | 7.880.236 | 7.656.314 |
| TOTALE PASSIVITA' CORRENTI | 17.851.100 | 19.165.419 | |
| TOTALE PASSIVO | 64.099.503 | 64.231.971 | |
| Note | Al 30 giugno 2021 |
Al 30 giugno 2020 |
|
|---|---|---|---|
| Ricavi da clienti | 27 | 13.670.292 | 8.779.770 |
| Altri ricavi | 28 | 534.152 | 173.855 |
| TOTALE RICAVI | 14.204.434 | 8.953.625 | |
| Costo per materie prime e materiali di consumo | 29 | 3.756.350 | 1.287.980 |
| Costi per servizi | 30 | 4.287.142 | 3.364.743 |
| Costi del personale | 31 | 1.693.781 | 1.371.874 |
| Altri costi operativi | 32 | 749.779 | 431.483 |
| Ammortamenti | 33 | 2.113.585 | 1.448.809 |
| Rettifiche di valore di attività e altri | |||
| accantonamenti | 34 | 71.392 | 46.538 |
| TOTALE COSTI OPERATIVI | 12.672.030 | 7.951.427 | |
| RISULTATO OPERATIVO | 1.532.404 | 1.002.200 | |
| Proventi finanziari | 35 | 3.299 | 3.123 |
| Oneri finanziari | 36 | (64.938) | (55.651) |
| TOTALE PROVENTI E ONERI FINANZIARI | (61.639) | (52.528) | |
| RISULTATO PRIMA DELLE IMPOSTE | 1.470.765 | 949.672 | |
| Imposte sul reddito | 37 | 1.517.944 | (313.689) |
| RISULTATO DELL'ESERCIZIO | 2.988.709 | 636.049 |
| 2021 | 2020 | |
|---|---|---|
| Depositi Bancari e postali | 10.357.931 | 11.127.091 |
| Denaro e valori in cassa | 7.511 | 3.492 |
| Disponibilità liquide | 10.365.442 | 11.130.583 |
| Crediti finanziari per subleasing | 67.556 | 19.301 |
| Attività finanziarie non immobilizzate (titoli)* | 135.203 | 135.750 |
| Debiti verso soci per finanziamento (<12) | - | - |
| Debiti verso banche (entro 12 mesi) (D 4a) | (1.108.027) | (885.805) |
| Debiti verso altri finanziatori entro 12 mesi | (9.668) | (3.856) |
| Quota a breve di finanziamenti | (625.203) | 472.029 |
| Debiti finanziari correnti | (1.742.898) | (417.632) |
| POSIZIONE FINANZIARIA NETTA CORRENTE | 8.825.303 | 10.868.302 |
| Debiti verso soci per finanziamento (>12) | - | - |
| Crediti finanziari per subleasing (non correnti) | 756.057 | 328.658 |
| Debiti verso banche (oltre 12 mesi) | (3.875.555) | (4.445.556) |
| Debiti quote a lungo termine leasing | (4.328.837) | (3.335.050) |
| Debiti finanziari non correnti | (7.448.335) | (7.451.948) |
| CASH FLOW STATEMENT | 2021 | 2020 | ||
|---|---|---|---|---|
| A. Flussi finanziari derivanti dall'attività operativa | ||||
| Utile (perdita) dell'esercizio | 2.988.709 | 636.049 | ||
| Imposte sul reddito | (1.517.944) | 313.623 | ||
| Interessi passivi/(interessi attivi) | 61.639 | 52.528 | ||
| (Plusvalenze)/Minusvalenza da cessione attività | - | - | ||
| 1.Utile (perdita) prima di imposte sul reddito, interessi, dividendi e plus/minusvalenze da cessione |
1.532.404 | 1.000.200 | ||
| Rettifiche per elementi non monetari che non hanno avuto contropartita nel capitale circolante netto Accantonamento ai fondi |
97.167 | 117.690 | ||
| Interest Cost TFR IAS19 | - | - | ||
| Ammortamenti | 2.113.585 | 1.448.809 | ||
| Totale rettifiche per elementi non monetari che non hanno avuto contropartita nel capitale circolante netto. |
2.210.752 | 1.566.499 | ||
| 2. Flusso finanziario prima delle variazioni del c.c.n. | 3.743.156 | 2.568.698 | ||
| Decremento/(incremento) delle rimanenze | (450.597) | 194.439 | ||
| Decremento/(incremento) dei crediti verso clienti | 4.270.839 | 5.187.844 | ||
| Incremento/(decremento) dei debiti verso fornitori | (1.442.224) | 1.403.642 | ||
| Altre variazioni del capitale circolante netto | (3.467.493) | (1.040.270) | ||
| Totale variazioni del capitale circolante netto | (1.089.475) | 5.745.654 | ||
| 3. Flussi finanziari dopo le variazioni del C.C.N. | 2.653.681 | 8.314.352 | ||
| Interessi incassati/(pagati) | (61.639) | (52.528) | ||
| (Imposte sul reddito pagate) | 1.517.944 | (43.561) | ||
| (utilizzo dei fondi) | - | - | ||
| Utilizzo passività per benefici ai dipendenti | (29.811) | (9.261) | ||
| 4.Flusso finanziario dopo le altre rettifiche | 1.426.494 | (105.350) | ||
| Flusso finanziario della Gestione Reddituale (A) | 4.080.175 | 8.209.002 | ||
| B. Flussi finanziari derivanti dall'attività di investimento | ||||
| (Investimenti)/Disinvestimenti di immobilizzazioni immateriali | (1.041.038) | (999.990) | ||
| (Investimenti)/Disinvestimenti di immobilizzazioni materiali | (4.680.118) | (3.100.969) | ||
| (Investimenti)/Disinvestimenti di partecipazioni | - | - | ||
| Flusso finanziario della attività di investimento (B) C. Flussi finanziari derivanti dall'attività di finanziamento |
(5.650.311) | (4.100.959) | ||
| Mezzi di terzi | ||||
| Incremento (decremento) debiti a breve vs.banche | (30) | |||
| Accensione finanziamenti | - | |||
| (Rimborso finanziamenti) | (347.778) | (814.765) | ||
| Incremento/(decremento) debiti verso altri finanziatori | 5.812 | - | ||
| Incremento/(decremento) debiti a medio/lungo termine verso banche | - | |||
| Incremento/(decremento) finanziamenti in leasing | 1.146.691 | - | ||
| Incremento/(decremento) degli strumenti finanziari passivi | - | |||
| Mezzi propri | ||||
| Altre variazioni del patrimonio netto | 5.622.177 | |||
| Flusso finanziario dell'attività di finanziamento (C) | (804.996) | (4.960.232) | ||
| Disponibilità liquide ad inizio esercizio | 11.130.583 | 1.686.030 | ||
| Incremento/decremento disponibilità liquide (A±B±C) | (765.140) | 9.068.275 | ||
| Disponibilità liquide a fine esercizio | 10.365.442 | 10.754.305 |
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