{"id":1766435,"date":"2024-05-07T22:56:57","date_gmt":"2024-05-07T20:56:57","guid":{"rendered":"https:\/\/acrobaticagroup.com\/?post_type=investor-releases&#038;p=1766435"},"modified":"2024-05-10T17:38:21","modified_gmt":"2024-05-10T15:38:21","slug":"acrobatica-revenues-of-ediliziacrobatica-spa-in-italy-and-its-foreign-companies-rise-in-q1-2024","status":"publish","type":"investor-releases","link":"https:\/\/acrobaticagroup.com\/en\/investor-releases\/acrobatica-revenues-of-ediliziacrobatica-spa-in-italy-and-its-foreign-companies-rise-in-q1-2024\/","title":{"rendered":"ACROBATICA: REVENUES OF EDILIZIACROBATICA SPA IN ITALY AND ITS FOREIGN COMPANIES RISE IN Q1 2024"},"content":{"rendered":"<ul class=\"wp-block-list\"><li>EdiliziAcrobatica SpA in Italy increase from \u20ac 28.2 to 28.6 million (+1.4% vs. Q1 2023)<\/li>\n\n<li>Revenues also grow in France, Spain and Monaco, and at Enigma<\/li>\n\n<li>Acrobatica Energy is transforming its photovoltaic business and has already made revenues of \u20ac 150k<\/li>\n\n<li>Total group revenues stand at \u20ac 33.3 million (-3.8% vs. Q1 2023)<\/li><\/ul><p class=\"wp-block-paragraph\"><strong><u>Genoa, 7 May 2024<\/u><\/strong> \u2013 Anna Marras, Chief Executive Officer of EdiliziAcrobatica S.p.A. (\u201cCompany\u201d or \u201cACROBATICA\u201d), met today with the Board of Directors to present the data relating to the Company\u2019s national and international revenues, not subjected to statutory audit. Consolidated revenues as at 31 March 2024 amounted to \u20ac 33.3 million, a slight decrease compared to the same period of the previous year, when they amounted to \u20ac 34.6 million.<\/p><p class=\"wp-block-paragraph\">Specifically, in Italy, revenues generated in the first quarter increased by 1.4% from \u20ac 28.2 million in 2023 to the current \u20ac 28.6 million. This figure is absolutely positive and in sharp contrast to the construction sector, which, as is well known, has been severely affected by the end of government incentives.<\/p><p class=\"wp-block-paragraph\">With regard to the foreign companies, thanks to the actions put in place in the second half of 2023, Acrobatica France performed well, up +9.1% compared to the first quarter of 2023, from \u20ac 1.1 million to \u20ac 1.2 million; as did Acrobatica Iberica, which improved its performance by 50%, from \u20ac 300k to \u20ac 450k. Acrobatica Monaco\u2019s result was also positive. Having inaugurated its operating office last September, and thus having obtained fundamental visibility in the Monegasque territory, it generated revenues of \u20ac 190k, compared to \u20ac 30k for the same period in 2023. Finally, the excellent performance of Enigma in the Middle East should be noted, which recorded revenues of \u20ac 2.7 million; in the same period last year, prior to the acquisition by Acrobatica, the Middle East companies had generated revenues of \u20ac 2.2 million.<\/p><p class=\"wp-block-paragraph\">With regard to Acrobatica Energy, which is undergoing a business conversion in 2024, switching from government incentives to the photovoltaic business, in the first quarter the company has already generated revenues of \u20ac 150k, while laying the groundwork for the upcoming quarters of the year, when it will reap the expected results. In the same period of the previous year, revenues from the government incentive business amounted to \u20ac 5 million.<\/p><p class=\"wp-block-paragraph\">Nevertheless, the group is proving able to address legislative and market changes with excellent resilience and a spirit of adaptation, and even achieved a revenue volume in the first quarter of 2024 that was broadly in line with the same period in 2023.<\/p><p class=\"wp-block-paragraph\">\u201c<em>It is in Acrobatica\u2019s DNA to accept challenges and change,&#8221;<\/em> commented <strong>Anna Marras, CEO of Acrobatica.<\/strong> <em>\u201cIt did so when it was founded 30 years ago, with the aim of revolutionising the construction culture in Italy and around the world, and it does so again today with Acrobatica Energy, which has once again chosen to get involved in a market full of medium\/long-term<\/em><em> opportunities, which, thanks to the new European Green Deal, is destined to gain more and more traction. We have therefore chosen to believe in a new business, which we have taken on emboldened by a highly valuable business project that creates jobs for an increasing number of people.<\/em><\/p><p class=\"wp-block-paragraph\"><em>\u201cThe revenues generated in the first quarter of 2024 for Acrobatica are particularly significant<\/em>\u201d, commented <strong>Riccardo Banfo, Chairperson of Acrobatica\u2019s Board of Directors,<\/strong> \u201c<em>and deserve a positive analysis for several reasons, especially in a context where the Italian construction sector has been hard hit by the end of government incentives. Even abroad, the group has shown clear signs of resilience and an ability to excel in the face of adversity. With a clear vision and an effective strategy, Acrobatica is not only overcoming immediate challenges, but is also charting an exciting course for the future<\/em>\u201d.<\/p><div class=\"wp-block-file\"><a id=\"wp-block-file--media-a73eff26-470e-40a3-88dd-d8b6db606f6a\" href=\"https:\/\/acrobaticagroup.com\/wp-content\/uploads\/2024\/05\/PR_Acrobatica_REVENUES-OF-EDILIZIACROBATICA-SPA-IN-ITALY-AND-ITS-FOREIGN-COMPANIES-RISE-IN-Q1-2024.pdf\">PDF Document<\/a><a href=\"https:\/\/acrobaticagroup.com\/wp-content\/uploads\/2024\/05\/PR_Acrobatica_REVENUES-OF-EDILIZIACROBATICA-SPA-IN-ITALY-AND-ITS-FOREIGN-COMPANIES-RISE-IN-Q1-2024.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-a73eff26-470e-40a3-88dd-d8b6db606f6a\">Download<\/a><\/div>","protected":false},"featured_media":0,"template":"","categorie_comunicati_stampa":[],"class_list":["post-1766435","investor-releases","type-investor-releases","status-publish"],"acf":[],"_links":{"self":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/investor-releases\/1766435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/investor-releases"}],"about":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/types\/investor-releases"}],"wp:attachment":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/media?parent=1766435"}],"wp:term":[{"taxonomy":"categorie_comunicati_stampa","embeddable":true,"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/categorie_comunicati_stampa?post=1766435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}