ORDINARY SHAREHOLDERS’MEETING OF ITWAY:
FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR
ENDED 31 DECEMBER 2021
IN 2021 REVENUES INCREASE BY + 13% AT 43.656 MILLION EURO.
PROFIT MARGINS INCREASING: EBITDA + 29%, EBIT + 36%
NET PROFIT UP
WHICH GOES FROM 1.222 TO 1.303 MILLION EUROS (+ 7%)
GOOD IMPROVEMENT IN THE NET FINANCIAL POSITION OF THE GROUP
WHICH GOES FROM – 1,374 AT +0,314 MILLION EUROS
THE COMPANY HAS NO EXPOSURE TO THE RUSSIAN, BELARUS OR UKRAINIAN MARKETS
|Thousands of Euro||31/12/2021||31/12/2020||%|
|Gross operating profit (EBITDA)||2.607||2.023||+29|
|Result operating (EBIT)||1.964||1.446||+36|
Ravenna, May 2, 2022 – The Shareholders’ Meeting of Itway SpA – operating parent company active in the IT, Cyber Security, AI and Big Data, listed on the Star segment of the Italian Stock Exchange (IT0003057624) – which met today under the chairmanship of G. Andrea Farina, resolved on the following points on the order of day:
1) Approval of the financial statements at 31 December 2021 and allocation of the result for the year
The Shareholders’ Meeting of Itway approved the financial statements of the Company for the year ended 31 December 2021 as well as the proposal of the Board Board of Directors to allocate the profit for the year of € 1,303 thousand to the reserve with the aim of strengthening the company’s assets.
During 2021, the Group positioned itself towards the Digital Product Oriented model, focusing on business segments with higher added value, through the 3 Business Units:
continuing to invest in the markets of Cyber security, IoT , Artificial Intelligence (AI) and Big Data, interconnected and interrelated markets.
2) Resolutions relating to the report on the remuneration policy and the remuneration paid pursuant to article 123–ter of Legislative Decree 58/1998 (the “TUF”) and to art. 84–quater of Consob Regulation no. 11971/1999 (the “Issuers ‘Regulation”)
The Shareholders’ Meeting resolved to approve, pursuant to and for the purposes of the provisions of art. 123-ter, paragraphs 3-bis and 3-ter, of the TUF, the policy on the remuneration of the administrative and control bodies, general managers and executives with strategic responsibilities of the Company described in the first section of the Report on the subject of remuneration and remuneration paid prepared pursuant to article 123-ter of the TUF and art. 84-quater of the Issuers’ Regulations.
The Shareholders’ Meeting, pursuant to and by effect of art. 123-ter, paragraph 6, of the TUF, also expressed a favorable opinion on the second section of this report concerning the remuneration paid in the financial year 2021 or related thereto.
The financial statements at 31 December 2021, with the Report on Operations, the report of the Board of
Directors on the items on the agenda of the Shareholders’ Meeting, the Report of the Board of Statutory Auditors and the
Reports of the independent auditors , as well as the consolidated financial statements at 31 December 2021 and the report on corporate governance and ownership structures are available to anyone who requests them at the registered office and can also be consulted in the “Investors” section of the Company’s website www.itway.com and on the authorized storage mechanism at www.emarketstorage.com.
The Minutes of the Shareholders’ Meeting will be made available to the public in the manner and within the terms established by current legislation.
In compliance with the provisions of art. 125-quater, paragraph 2, of the TUF, a summary report of the votes containing the number of shares represented at the Shareholders’ Meeting and the shares for which a vote was expressed, the percentage of capital that these shares represent, as well as the number of votes in favor and contrary to the resolution and the number of abstentions, will be made available to the public within five days from the date of the Shareholders’ Meeting on the Company’s website.
As required by paragraph 2 of art. 154-bis of the TUF, the manager responsible for preparing the corporate accounting documents of the Itway Group, Sonia Passatempi, declares that the corporate accounting information contained in this press release corresponds to the documentary results, books and accounting records. The data presented in this press release has not been revised.
This press release is available at the Company’s registered office, on the Company’s website at www.itway.com, at the Italian Stock Exchange and at the centralized authorized storage mechanism called “Emarket Storage”, managed by Spafid Connect SpA, available at www.emarketstorage.com
Itway – www.itway.com
Founded in Ravenna on 4 July 1996 by G. Andrea Farina, Itway SpA is the head of a Group operating in the ITfor the design, production and distribution of technologies and solutions in the cybersecurity, artificial intelligence (AI) cloud computing and big data sectors. For over 25 years the group has represented the reference point in the field of Digital Transformation solutions and services. Since 2001 Itway has been listed on the Electronic Share Market (MTA) of the Italian Stock Exchange.
Itway SpA Mirella Villa Comunicazione
Tel. 0544 288710 Mirella Villa 335 7592701