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Wiit — Earnings Release 2020
Mar 19, 2021
4197_10-k_2021-03-19_c8c487e4-4ec1-4163-b6f1-5628b68662c5.pdf
Earnings Release
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| Informazione Regolamentata n. 20101-29-2021 |
Data/Ora Ricezione 19 Marzo 2021 18:25:43 |
MTA - Star | ||
|---|---|---|---|---|
| Societa' | : | WIIT S.p.A. | ||
| Identificativo Informazione Regolamentata |
: | 143884 | ||
| Nome utilizzatore | : | WIITNSS02 - PASOTTO | ||
| Tipologia | : | 1.1 | ||
| Data/Ora Ricezione | : | 19 Marzo 2021 18:25:43 | ||
| Data/Ora Inizio Diffusione presunta |
: | 19 Marzo 2021 18:25:44 | ||
| Oggetto | : | Integration of FY2020 Results press release. Financial statements: Consolidated Cash Flow Statement |
||
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
WIIT S.p.A.: Integration of FY2020 Results press release Financial statements: Consolidated Cash Flow Statement
Milan, March 19, 2021 – In its meeting today the Board of Directors of WIIT S.p.A ("WIIT" or the "Company"; ISIN IT0004922826; WIIT.MI), a leading European player in the Cloud Computing market for enterprises demanding uninterrupted Hybrid Cloud and Hosted Private Cloud services for critical applications, approved, inter alia, the 2020 Separate Financial Statements and the Consolidated Financial Statements - drawn up as per IFRS - and the Directors' Report.
* * *
| CONSOLIDATED CASH FLOW STATEMENT - Euro | 31.12.2020 | 31.12.2019 |
|---|---|---|
| Net profit from continuing operations | 2.473.089 | 5.250.031 |
| Adjustments for non-cash items: | ||
| Amortisation, depreciation, revaluations and write-downs | 11.254.917 | 6.903.267 |
| Financial assets adjustments | (29.497) | 7.200 |
| Change in employee benefits | 459.751 | 118.387 |
| (159.693) | 0 | |
| Financial expenses | 1.404.281 | 439.221 |
| Income taxes | 1.152.704 | (258.383) |
| Other non-cash changes (deferred tax assets/liabilities) | (654.808) | (116.430) |
| Cash flow generated from operating activities before working capital changes | 15.900.743 | 12.343.293 |
| Changes in current assets and liabilities: | ||
| Decrease (increase) in inventories | 9.492 | (65.912) |
| Decrease (increase) in trade receivables | (416.801) | 338.578 |
| Decrease (increase) in tax receivables | 13.066 | 0 |
| Increase (decrease) in trade payables | 37.605 | (431.625) |
| Increase (decrease) in tax payables | (692.024) | (345.740) |
| Decrease (increase) other current assets | 369.025 | 115.133 |
| Increase (decrease) in current liabilities | 831.721 | 784.717 |
| Decrease (increase) in other non-current assets | (14.754) | 50.454 |
| Increase (decrease) in other non-current liabilities | (434.858) | 2.109 |
| Decrease (increase) in assets deriving from contracts | 269.325 | 329.904 |
| Increase (decrease) in liabilities deriving from contracts | (488.404) | (765.604) |
| Cash flow generated from operating activities | ||
| Income taxes paid | (809.032) | (847.332) |
| Interest paid/received | (975.171) | (288.394) |
| Cash flow generated from operating activities (A) | 13.599.934 | 11.219.581 |
| Net increase intangible assets | (4.297.149) | (1.617.498) |
| Net increase tangible assets | (3.159.303) | (3.957.512) |
| Cash flows from business combinations net of cash and cash equivalents | (52.882.279) | (3.480.722) |
| Cash flow used in investing activities (b) | (60.338.731) | (9.055.732) |
| New financing | 69.637.500 | 7.000.000 |
| Repayment of loans | (5.632.918) | (4.680.798) |
| Finance lease payables | (1.967.984) | (2.530.199) |
| Payment of deferred fees for business combinations | (844.710) | (1.410.000) |
| Distribution dividends | (4.111.159) | (2.328.575) |
| Acquisition of treasury shares | (3.936.082) | (4.308.026) |
| Cash flow used in financing activities (c) | 53.144.648 | (8.257.597) |
| Net increase/(decrease) in cash and cash equivalents a+b+c | 6.405.853 | (6.093.749) |
| Cash and cash equivalents at end of year | 18.242.211 | 11.836.359 |
| Cash and cash equivalents at beginning of year | 11.836.359 | 17.930.107 |
| Net increase/(decrease) in cash and cash equivalents | 6.405.853 | (6.093.749) |
WIIT S.p.A.
WIIT S.p.A., listed on the STAR segment of the Italian Stock Exchange organised and managed by Borsa Italiana S.p.A (WIIT.MI), is a leading European Cloud Computing market player, focused particularly on the Hybrid Cloud and Hosted Private Cloud for enterprises market. This company specialises in Hosted Private and Hybrid Cloud services for enterprises requiring critical application and business continuity management, with all the main international application platforms managed (SAP, Oracle and Microsoft) using an end-to-end approach. WIIT manages proprietary data centers, with the main center Tier IV level certified by the Uptime Institute LLC of Seattle (USA). This is the highest possible level of reliability, while the company is also among the world's most certified SAP partners. For further details, reference should be made to the Company website (wiit.cloud).
For further information:
Investor Relations WIIT S.p.A.:
Stefano Pasotto – CFO & Investor Relations Director Francesca Cocco – Lerxi Consulting – Investor Relations
T +39.02.3660.7500 Fax +39.02.3660.7505 [email protected] www.wiit.cloud
Media Relations:
Image Building T +39 02 89011300 [email protected]