MILAN, Aug 3 (Class Editori) — Net income increased by 45.3% to 8.3 million euros as margins and net financial position (NFP) improved. The first half-year of Openjobmetis, an employment agency active in personnel administration, recruitment, outplacement and training, closed with positive results. The period also saw the completion of “the process of integration and grounding synergies resulting from the acquisition of the Quanta Group, with a consequent improvement in the EBITDA margin, which stood at 4.2%,” CEO Rosario Rasizza explained. After the publication of accounts, the stock has turned upward and at 12 p.m. was gaining nearly 2% to 8.43 euros for 115.6 million euros of capitalization.
In detail, revenues stood at 388 million euros against 320 million euros in the first half of 2021, a 21.3% increase that also takes into account that the first months of last year were partly impacted by restrictions due to Covid-19. The revenue increase was also due to the consolidation of Quanta and its subsidiary Quanta Human Resources, which in 2021 had only been consolidated since June.
The best half-year in history
The volume increase affected all the areas of activity of the Group, both Employment Agency (+20.2%) and Personnel Recruitment and Selection (+61.3%) divisions, especially the part related to other activities (+85.4%). It is worth noticing the performance of the subsidiaries Family Care (+18.9%) and Seltis Hub (+50.5%). The result was an EBITDA increase from 11.4 million to 16.2 million euros, an EBIT increase from 7.8 million to 12.3 million euros and a net income increase from 5.7 million to 8.3 million euros. All this in the face of a negative NFP as of June 30, 2022, to 17.5 million euros in comparison to the 44.5 million euros of December 31, 2021.
“On the eve of what seemed like a newfound normalcy, we had to face a new global emergency. In such a context, we are even prouder to announce that we had the best half-year in history,” Rasizza stated. Then, he added, “I want to emphasize the acceleration of the deleverage process which led to an improvement of the NFP in comparison to December 31, 2021”. In light of the encouraging results achieved, “we confidently face the second half of 2022,” the CEO concluded.
(Source:Class Editori)
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