IR Top presents a preview of the results of the analysis carried out by the Internal Research Department on the 1H2015 economic and financial results of a selected sample of 14 Digital Economy companies listed on the AIM Italia market (in order of IPO date): DigiTouch, Mobyt, Axélero , Tecnoinvestimenti, GO Internet, Tech-Value, MailUp, Triboo Media, Expert System, Digital Magics, MC-link, Primi sui Motori, Softec, Neurosoft.
The panel was identified through the identification of business models based on digital technologies within 7 macro areas of activity: Marketing & Communication (e-marketing & communication, e-advertising, social media); Web Services (creation of web services, cloud services, social networks and platforms for e-commerce and social commerce); Software & Big Data Management (database management, data processing and monitoring); Mobile, TelCo & Iot (app creation and Internet of Things); Digital Entertainment & Multimedia Design (visual and graphic design, 3D and multimedia animation, online gaming, educational entertainment, etc.); E-commerce; Venture Capital of digital start-ups.
Anna Lambiase, founder and managing director of IR Top, declared: “The “digital” sector today has 14 companies listed on AIM Italia and represents 21% of the market in terms of companies, 22% funding and 18% capitalization. The sector records good fundamentals in the first half of 2015, highlighting a significant growth in revenues, +25% on average, and an increase in margins (+17%), with an average EBITDA margin of 12%. Between 2014 and the first half of 2015 there were 9 digital IPOs, for a total funding of Euro 116 million. We hope for this second half of the year a further influx of new companies with interesting Equity stories and innovative projects: the AIM Italia market constitutes a privileged channel of access to new capital for all companies linked to the digital economy characterized by a marked need for financial resources and a constantly evolving and expanding core business”.
Below is the identikit of the Italian digital company listed in the first half of 2015:
- Average revenues of Euro 11,4 million, +25% compared to 1H2014
- Average EBITDA of Euro 1,8 million, 17% compared to 1H2014
- 35 million euros the average market capitalisation
- +15% new jobs created on average compared to 31.12.2014
- 2 digital IPOs in 2015 with a collection of Euro 13 million: Digitouch and Mobyt
To date, there are 68 companies listed on AIM Italia (of which 16 IPOs in 2015 out of a total of 22 IPOs on Borsa Italiana since the beginning of the year), the turnover in 2014 is equal to Euro 3,4 billion, the market capitalization is equal to 2,8 billion euros and funding from IPO Equity is equal to 606 million euros (of which 168 million euros in the first 10 months of 2015).
In addition to Digital, the Green sector is the most representative of the market (with 24% of the market in terms of companies, 25% in terms of funding and 28% in terms of capitalisation) followed by the Finance sector.
The regions most represented are: Lombardy (37% of the companies), Lazio (22%), Emilia Romagna (12%) and Piedmont (6%). The other regions are Friuli, Tuscany, Umbria, Veneto, Marche. The market also features 4 foreign companies, equal to 6% of the total.
The economic-financial results of the AIM market for the first half of 2015 are growing: turnover registers an average increase of +24% (equal to 28 million Euros on average), while EBITDA registers an average increase of 8%. with an EBITDA Margin of 18%.
The AIM companies offer work to over 11.500 employees with an average staff growth of +13% in the first half of 1. 2015% of the companies report a 82 turnover of less than 2014 million; 50% have a turnover of less than 37 million euros.
