Who is Tinexta and what is it really, the high tech company that surprised everyone in the last year by nearly doubling its stock market value with an increase of over 90% since the beginning of 2019? At its debut on Piazza Affari in the summer of 2014, the Tinexta share was worth 3,40 euros and now it travels around 12 euros: in five years its capitalization has almost quadrupled.
In a reality, such as the Italian one, marked by a narrative in which terms such as crisis, decline or stagnation abound, the fact that there is a company that is growing by double digits (both in turnover and in stock market prices) is certainly newsworthy, that fearlessly looks to international markets, that moves at ease in the scenario of technological innovation and that has managed to positively combine the relationship between public and private.
This company is Tinexta, the company founded ten years ago under the name of Tecnoinvestimenti by Enrico Salza, who is still its president, and led by Pier Andrea Chevallard as managing director. The date of birth is 10 October 2009 and just next 10 October a convention in Venice will bring together all the directors and top managers of the group also to reflect on the new languages and trends in the world of innovation.
The results of the first six months of this year are very promising. Half-yearly turnover reached 126,6 million with a growth of 12,3% compared to the same period of the previous year. Ebitda reached 32,4 million (+12,1%) to which we must add 3,3 million for the stock option plan, influenced by the sharp rise in stock market prices. Again in the first half, net profit was 14 million, equal to 11,1% of revenues.
Then, in the first half of 2019, Tinexta continued with the strategy of consolidating the leadership of Digital Trust in the European market; in the development of an innovative offer with digital marketing, digital transformation and cyber security services/products; in perfecting a new organizational model, trying to develop synergies between the various companies of the group in several markets, especially on the commercial front. In fact, after the acquisitions in Spain (Camerfirma) and Luxembourg (LuxTrust) Tinexta has undertaken in recent months to consolidate the group structure, with a reorganization aimed at improving efficiency and competitiveness. But attention remains open for further acquisitions especially in the area of Germany and Northern Europe.
The group aims to respond to the growing needs of companies in the digital transformation both in operational management and in external relations. Combining this with the possibility of intervening in the sectors of subsidized finance and exports which can constitute a trump card for many companies.
The objectives for 2019 point to revenues exceeding 250 million euros with an Ebitda between 68 and 70 million euros.
Tinexta, as mentioned, was born under the name of Tecnoinvestimenti and was initially a basically public company controlled by Tecno Holding, a company owned by the main Chambers of Commerce and by Unioncamere. The starting point was the acquisition of the capital of InfoCert, which has become the Italian market leader in digitization services and one of the main Certification Authorities in Europe. The goal was to create operational support to support the growth of small and medium-sized enterprises by helping them face a market in which innovation, not only digital, played an increasingly important role. The name change was decided last year to better define an identity open to international developments and with a strong European dimension. In all business sectors, the group, although born from the public system, is now openly confronting itself on the market
Today Tinexta is divided into three business areas: Digital Trust, Credit Information & Management; Innovation & Marketing Services.
Digital Trust develops, through the companies InfoCert, Visura, Sixtema and the Spanish company Camerfirma, products and services for digitalisation, electronic invoicing, certified electronic mail (Pec) and digital signature as well as services for professionals, associations and SMEs.
In the Credit Information & Management Business Unit, Innolva and its subsidiaries offer services to support decision-making processes such as chamber of commerce and real estate information, aggregate reports, synthetic ratings, decision models, credit assessment and recovery and RE Valore offers real estate services, including appraisals and ratings.
In the Innovation & Marketing Services business area, Warrant Hub is a leader in subsidized finance and industrial innovation consultancy, while Co.Mark provides Temporary Export Management consultancy to SMEs to support them in commercial expansion.
In 2019, the group's employees exceeded 1.300 in the three main offices (Rome, registered office, Milan and Turin) and in the numerous operating offices in Italy and abroad.
