Almawave: 2022 revenues grow 46% to euro 48 million, net profit up 38.6% to euro 4.8 million | Almawave
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14 March 2023

Almawave: 2022 revenues grow 46% to euro 48 million, net profit up 38.6% to euro 4.8 million

Almawave S.p.A., a company listed on the Euronext Growth Milan market (Ticker: AIW) and part of the Almaviva Group, an Artificial Intelligence (AI), natural language processing and Big Data services leader, today approved the 2022 separate financial statements and consolidated financial statements, reporting revenues of Euro 48.0 million, up 46.0% on 2021.

Almawave’s Chief Executive Officer Valeria Sandei commented: “The Almawave Group’s 2022 Revenues have reached the challenging goal of Euro 50 million. In the two years since our stock market listing in fact, we have almost doubled the scale of our business, with revenues increasing from Euro 27 million to Euro 48 million. Almawave has not only outperformed the general market, which in fact has returned very interesting growth rates, but has also beaten market analyst estimates. The consistent focus on the market and sustainable growth has not slowed R&D spend, the systematic development of innovative solutions, such as the AIWave platform, and new projects for high-potential sectors such as, for example, the “OncologIA” healthcare research project.

Sandei concluded: “We today present financial statements which provide a snapshot of a company that has grown on all fronts, with strong business expansion and a gradual diversification of the vertical markets and regions covered. We have also focused on strategic sectors and those serving a range of National Recovery and Resilience Plan areas (NRRP), an effort that will continue over the coming years. Our focus on ESG topics has also steadily grown, with significant results achieved and targets set for the 2030 Agenda, charting a clear path. In addition to organic growth, acquisition-led growth has contributed to the Group’sresults. The companies The Data Appeal Company and Sistemi Territoriali have already created clear synergies in the initial months of working together, in high potential sectors such as location intelligence and the ecological transition”.