Italy · Delayed Price · Currency is EUR SeSa S.p.A. Earnings Call Transcripts
Fiscal Year 2027
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Revenue grew 6.5% year-on-year to EUR 900 million, with EBITDA up 7.6% and margin improvement across key sectors. Guidance for FY 2027 is confirmed, targeting 5%-7.5% revenue growth and continued strong cash generation. Dividend and buyback programs were expanded.
Fiscal Year 2026
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FY 2026 saw strong organic growth, with revenues up 7.9% and EBITDA up 8.2% year-on-year, outperforming market trends. The new industrial plan targets continued high single-digit growth, robust cash flow, and increased shareholder returns, supported by AI adoption and sustainability achievements.
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Revenue and EBITDA grew double digits in the first nine months of FY 2026, with all segments contributing and strong cash flow generation. Guidance for FY 2026 is confirmed at the upper end, supported by robust backlog and positive sector trends.
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Strong first-half results with 12% revenue and 17% adjusted net profit growth, driven by digitalization and AI demand. Guidance for FY2026 is confirmed, with robust backlog and increased shareholder returns through buybacks and dividends.
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Q1 FY2026 saw 8% revenue growth and 7.2% EBITDA increase, with improved net profitability and a stronger financial position. Digital Green VAS and Business Services led growth, while ICT VAD showed signs of recovery. Guidance for FY2026 is confirmed.
Fiscal Year 2025
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FY 2025 saw 4.6% revenue growth to EUR 3.36 billion and stable EBITDA, with strong Q4 recovery and double-digit expansion in Digital Green and Business Services. The 2026-2027 plan targets 5%-7.5% annual revenue growth, higher margins, and increased shareholder returns.
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Nine-month revenues rose 5% to €2.5 billion, with Q3 showing strong recovery in EBITDA and segment growth. Business services and Digital Green led performance, while M&A and cash management supported future growth. Full-year guidance targets mid-single-digit growth in both revenues and EBITDA.
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First half FY2025 results show resilient performance with 1.1% revenue growth and strong expansion in Business Services, offset by declines in Digital Green and Value Added Solutions. Outlook remains positive, with mid-single-digit growth expected from H2 2025, supported by M&A and sector re-engineering.
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Q1 2025 saw stable profitability and resilient growth, with revenues up 1% and EBITDA up 1.5% year-on-year. Excluding Digital Green, revenue and EBITDA grew 7% and 11% respectively, while M&A contributed 30% to growth in key sectors. Guidance for FY 2025 is confirmed.
Fiscal Year 2024
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FY2024 saw double-digit revenue and EBITDA growth, with strong performance in all segments and continued outperformance of the Italian IT market. FY2025 guidance is conservative due to interest rate headwinds, but expects further growth, especially in AI, cloud, and business services.