EBITDA margin reaches 16,6% in 1st Half 2019
- Operating Revenue of 12.4 million euros (vs. 17.6 million euros)
- EBITDA of 2.0 million euros (vs. 2.6 million euros)
- EBITDA margin of 16.6% (vs. 14.9%)
- Net Income of 86 thousand euros (vs. 60 thousand euros)
- International Sales represent 36% of total (vs. 38%)
1. Summary of the activity
During the first half of 2019 (1H19), Reditus pursued the development of its integrated and higher value-added offer strategy, the sustainability of its operations through continuous monitoring and improvement methods which, together with the development of management models comprising the introduction of robotization elements, contributed to an increase in the profitability of its projects and to an improvement of the EBITDA margin, with particular emphasis on BPO businesses.
The operating indicators for the Reditus Group recorded a positive evolution compared to the previous period, as evidenced by the positive variation registered in the EBITDA margin. For 1H19 EBITDA reached 2.0 million euros against 2.6 million euros in the same period of the previous year, nevertheless corresponding to an EBITDA margin of 16,6%, or an 1.7 pp improvement.
The consolidated Net Income reached 60 thousand euros, an 43,2% increase over the same period in the previous year.
In the period under review, Operating Income decreased by 29.9% to 12.4 million euros vs. 17.6 million euros in the same period of the previous year, mainly due to the ITO business segment and due to a very aggressive and competitive market and to Reditus' strategy of not harming its margins and value creation.
In the International area 1H19 Revenue decreased by 34.9% when compared with 1H18, with its relative weight contracting from 38% to 36% of the Group's overall income. With a volume in excess of 4.4 million euros, it continues to reflect Reditus' commitment to its business in international geographies and the sustainability of long-term ITC and ITO projects contracted with various entities.
The Group expects a positive development in the course of the forthcoming months of 2019, with the beginning of several projects in the international markets and an active pursuit of Nearshore project opportunities.