Almawave: strong first-half 2023 growth

The Board of Directors of Almawave S.p.A., an Italian enterprise listed on the Euronext Growth Milan (Ticker: AIW) and a member of the Almaviva Group, an Artificial Intelligence (AI), natural language analysis and Big Data services player, today approved the H1 consolidated results, which report revenues of Euro 27.7 million, up 29.6% on the same period of the previous year. Revenues and other income total Euro 29.0 million, up 31.1% on H1 2022.

Valeria Sandei, Chief Executive Officer of Almawave, stated “I am satisfied with the H1 results: our company confirms its ability to successfully operate on the market, setting up new business opportunities in Italy and overseas. This is highlighted by the figures presented today, reflecting a solid growth trajectory and consistent with the company’s strategy. The synergies put in place with The Data Appeal Company and Sistemi Territoriali moreover confirm the growing pervasiveness of Artificial Intelligence in multiple application areas and the integration capacity of our team. The substantial Backlog and significant investments in R&D allow us to look to the rest of the year with confidence.”