Reply S.p.A: The Board of Directors Approves the Half-Year Financial Report

Reply S.p.A.'s Board of Directors has approved the half-year financial report as of 30 June 2024. The consolidated turnover reached €1,114.3 million, a 7.3% increase compared to the first half of 2023. EBITDA rose to €180.5 million from €154.0 million in H1 2023, representing 16.2% of turnover. EBIT increased to €146.6 million from €123.7 million in 2023, which is 13.2% of turnover. Pre-tax profit also saw an uptick, at €146.3 million compared to €113.6 million in H1 2023, accounting for 13.1% of turnover.

The second quarter of 2024 also indicated a positive trend. Consolidated turnover for Q2 reached €560.0 million, an 8.0% increase from the same period last year. EBITDA for Q2 was €93.2 million, with EBIT at €74.5 million and pre-tax profit at €73.2 million. As of 30 June 2024, the Group’s net financial position stood at €234.8 million, compared to €204.9 million at the end of 2023.

The company attributes its success to leadership in artificial intelligence and cloud computing. Chairman Mario Rizzante highlighted the growing demand for AI-integrated services. He emphasized that guiding the spread of AI while being aware of its risks is the main challenge for the near future. Additionally, the Board approved the proposal for an enhanced voting system to foster a stable capital structure in a competitive market.