Almawave - first half of 2022 strong growth | Almawave
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3 August 2022

Almawave - first half of 2022 strong growth

The Board of Directors of Almawave S.p.A., an Italian company listed on the Euronext Growth Milan market (Ticker: AIW), and part of the Almaviva Group, a leader in Artificial Intelligence (AI), natural language analysis and Big Data services, today approved the consolidated results for the first half of the fiscal year, which ended last June 30, and ended with revenues of 21.3 million euros up 44.7 percent compared to the same period last year. Total revenues and other income amounted to 22.1 million euros, up 44.1 percent compared to the first half of 2021.

Almawave CEO Valeria Sandei commented, “I am extremely pleased with Almawave’s first-half 2022 accounts, which express an acceleration in the growth rates of recent quarters. The two recently acquired companies, The Data Appeal Company and Sis.Ter, also contributed to these results, the result of solid organic growth, with excellent performance, highlighting the strategic quality of the operations carried out and the speed of operational integration in the Almawave model. In addition, the international development of our group and the increase in business in all the sectors in which the company operates allow us to forecast a decidedly positive outlook for the remainder of the fiscal year. Despite the complex dynamics that are affecting the markets, the Group remains fully focused on achieving its growth objectives, supported by specific investments in R&D, the constant attraction of talent and the ‘implementation of effective M&A strategies.”

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