(Alliance News) - Digital Value Spa reported Tuesday that it closed 2022 with revenues of EUR706.9 million, up 18 percent or EUR109.4 million from the previous year.

The figure is 1.4 percent above the market consensus of EUR697.2 million "and confirms the country's strong focus on investments in digitization and ICT infrastructure efficiency," as the company explains.

Digital Business Transformation stands at 34 percent of consolidated revenues with EUR239.1 million and an annual increase of EUR90.0 million or 61 percent. Next Generation Data Center activities, which represent Digital Value's historical market, with the activities of managing and transporting data on both physical and virtual data center infrastructures, evolved networks and their security, generated revenues of EUR296.1 million, up EUR18.9 million from the previous year, standing at 42 percent of total group revenues. Smart Workplace Transformation solutions contributed EUR171.7 million to consolidated revenues, in line with the previous year.

With reference to the main markets addressed, Digital Value generated 44% of revenues in public administration, also benefiting from the launch of PNRR; 24% in Telco & Media; 21% towards industry; and 11% towards the finance market, which recorded an important growth of 41% compared to 2021, benefiting from the strong commercial push aimed at strengthening the group's position on banks, the subject of significant investments in ICT and innovation.

Massimo Rossi, president and CEO of Digital Value, commented, "2022 was an important growth year for Digital Value, with a significant increase in sales revenues. This result is the effect of a synergistic ecosystem and an effective business model that allows us to be a company that is flexible to demand and able to respond to new market challenges with a 360-degree approach to the customer, from solution design to managed service delivery for security and systems optimization."

"We are now ideally positioned in terms of expertise, service quality and market share to compete and continue to generate value for our stakeholders. Despite the difficulties related to the international scenario, the current order book and potential strategic actions to sustain growth, make us look forward to this new year with confidence."

Digital Value's stock is down 0.6 percent at EUR71.50 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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