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EdiliziAcrobatica, revenues more than doubled in 2021 thanks to the facade bonus

In Italy revenues increased by 126,9%, in France by 9,7%. Employees are also increasing. CEO Iovino: "Proud of the results"

EdiliziAcrobatica, revenues more than doubled in 2021 thanks to the facade bonus

Revenue more than doubled in 2021 per BuildingAcrobatics, a company specializing in outdoor renovation works carried out on rope.

Last year, in fact, consolidated revenues amounted to 98,1 million euros del% increase 119,5 compared to 44,7 million in 2020. In Italy, the company's main market, revenues rose from 41,7 million in 2020 to 94,7 millions of 2021, with an annual leap of 126,9% also due to the incentives put in place by the Government. The result is mainly due to the 90% Facade Bonus introduced by the relaunch decree which contributed to the recovery of construction by prompting many citizens to renovate the external surfaces of buildings. 

"Even in the last quarter of 2021 - EdiliziAcrobatica informs us in a note - the company confirms the excellent growth trend, already recorded in the previous periods of the year”. 

For France, the transalpine subsidiary EdiliziAcrobatica Sas recorded revenue growth of 9,7% year on year, going from 3,1 million in 2020 to 3,4 million in 2021.

Le Italian operational offices direct, as at 31 December 2021 they reached 77, with an increase of 18 units compared to the 59 registered as at 31 December 2020, mind as regards staff, the company's workforce rose by 33,7% to 1.392 employees, including 77 in France. 

“I am very proud of the results achieved in 2021. During the year our group recorded record revenues, more than double compared to 2020. We were good at capitalizing on the opportunities deriving from the incentives put in place by the Government to support the sector in which we operate, managing to respond to the needs of hundreds of new customers every day, despite the restrictions and difficulties imposed by the pandemic", commented the managing director of EdiliziAcrobatica, Riccardo Iovino. 

The company is listed on both Euronext Growth Milan and on Euronext Growth in Paris. After the publication of the accounts, in Milan the share travels in the red (-0,9%) to 15,9 euros per share, while in Paris it jumps by 3,82% to 16,32 euros per share. 

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