Q2 2025 Sesa SpA Earnings Call Transcript
Key Points
- Sesa SpA (FRA:1S3) achieved a resilient set of financial results in the first half of 2025, consolidating growth from the previous year.
- System Integration revenues increased by 10% year-on-year, driven by strong performance in Cloud, Vertical Application, Cyber Security, and Data/AI sectors.
- Business Services sector saw an outstanding 25% year-on-year growth, supported by the development of Vertical Banking Applications and Digital Platforms.
- The company has made significant investments in high-margin sectors, which are expected to drive mid-single-digit growth starting from the second half of 2025.
- Sesa SpA (FRA:1S3) has a strong commitment to ESG initiatives, maintaining high sustainability ratings and certifications, which enhances its appeal to long-term investors.
- Consolidated pro forma EBITDA decreased by 4.5%, primarily due to unfavorable market trends in value-added ICT distribution and reengineering processes in the Digital Green sector.
- Earnings after taxes adjusted before minorities declined by 12% due to the EBITDA trend and higher financial charges from rising market interest rates.
- Value Added Solutions sector experienced a 7.6% decline compared to the first half of 2024, with a negative trend in the second quarter.
- Net financial position reported a net debt of EUR122 million, reflecting significant buyback, dividend distributions, and M&A investments.
- The Digital Green sector faced a 40% year-on-year revenue decline on a like-for-like basis due to price downturns over the last 12 months.
Good afternoon. This is the conference call operator. Welcome and thank you for joining the Sesa fiscal year 2025 first-half consolidated results conference call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Jacopo Laschetti, Stakeholder and Corporate Sustainability Officer of Sesa. Please go ahead, sir.
Good afternoon, and thanks for joining the Sesa Group presentation. On behalf of Sesa are participating Alessandro Fabbroni, Group CEO; Caterina Gori, IR and Corporate Finance, M&A Manager; and myself as Stakeholder and Corporate Sustainability Officer. Today, our Board of Directors has approved the first half 2025 results. And in the late morning, we made available our corporate presentation on the Sesa website that we may follow during the conference call. Alessandro will open the presentation with an overview of our main strategic achievements.
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