Tinexta, a company operating in the technological services sector, approved the 2018 results, presented by the managing director Pier Andrea Chevallard, who commented them as follows: "In the year we achieved very positive results and better than expected. All business units have demonstrated competitive ability, continuing to grow profitably and increasing profitability. This performance is the basis of the 2019-2021 Plan and makes it possible to propose to the shareholders' meeting a dividend increase of 62,9% compared to 2017".
In fact, the results show great growth in many parameters, starting with revenues which rise by a third to almost 240 million euros, while Ebitda rises to 66 million (+62%) and net income exceeds 33 million, jumping 63,8%. Net financial debt as at 31/12/2018 amounted instead to 124,9 million, compared to 104,4 million in the previous year. The increase includes €59,1 million in liabilities related to the purchase of minority interests for put options, liabilities for potential considerations connected to the acquisitions for €1,2 million and liabilities for price deferments granted by the sellers for €10,7 million.
The Board of Directors of Tinexta has resolved to convene the shareholders' meeting for April 18 in Milan: the accounts and proposed a dividend to shareholders of 0,228 euro per share, up nearly 63% as anticipated by Chief Executive Officer Chevallard. The coupon will be detached on June 3rd. Tinexta, which is listed on the Star segment in Piazza Affari, after the publication of the accounts is gaining more than 4% by mid-morning, with the share exceeding the value of 9 euros per share. The share is therefore continuing a rally which has allowed it to advance by almost 60% over the last six months.
“In the year that has just ended, significant results were achieved and important operations were concluded for the growth and strengthening of our Group“, also commented the chairman Enrico Salza.
