All about Almawave: how the listing went and how the income statement is going
Almawave, an Italian operator in the field of artificial intelligence and Big Data, made its debut on the Aim Italia of the Italian Stock Exchange. How it went and how the accounts of the company of the Almaviva group are going
Almawave debuts on Borsa Italiana's Aim Italia and earns 12.94% at 4.7 euros.
The Roman company, controlled by the Almaviva group, develops proprietary technologies and software platforms for the understanding of natural language, written and spoken in over 30 languages.
This is the second admission of the year to the Borsa Italiana segment dedicated to small and medium-sized enterprises. Almawave brings to 138 the number of companies currently listed on Aim Italia, the market dedicated to small and medium-sized enterprises.
All the details.
THE DETAILS ABOUT THE QUOTE
During the placement phase, the company raised € 30 million, of which € 2.7 million from the tranche of the capital increase reserved for the exercise of the greenshoe option. The free float at the time of admission is 26.09% assuming the full exercise of the greenshoe option.
CAPITALIZATION
The capitalization is approximately 115 million euros.
THE ADVISORS
The company was assisted by Banca Mediolanum as Nomad and Financial Advisor, Banca Akros is a specialist in the transaction.
THE COMMENT OF THE ITALIAN BORSA
"We are confident that Almawave will benefit from this operation in terms of development and greater visibility", commented Fabio Brigante, Head of Mid & Small Caps Origination Equity Primary Markets, Borsa Italiana, at the start of trading: "It will allow you to consolidate its competitive position to continue to carry out ambitious expansion projects at an international level ".
SANDEI (ALMAWAVE): "THE LISTING WILL ALLOW TO CONSOLIDATE COMPETITIVE POSITION"
“The listing opens us to a new perspective – commented Valeria Sandei, CEO of Almawave – capable of consolidating our competitive position, expanding our presence on the national and international market, supporting investments in skills, talents and research. The challenges and potential of digital are enormous: we are determined to embrace them, acting as protagonists ".
WHAT ALMAWAVE DOES
Almawave is a company active in artificial intelligence and natural language, written and spoken. The company has over 100 customers (public and private) and more than 30 thousand users of its platforms.
INTERNATIONAL PRESENCE
“The company has an international presence with the companies Almawave do Brasil, Almawave Usa and PerVoice”, recalls Corriere della Sera . Almawave has 4 dedicated technology laboratories and employs over 220 professionals with strong technological skills on enabling technologies and main frameworks – Big data, data science, machine learning, AI architectures and integration.
ACCOUNTS 2020
The company closed the first 9 months of 2020 with a turnover of 18 million euros, up 32.8%. It recorded an Ebitda of 4 million euros (+ 17.3%); operating Free cash flow before investments of € 5.2 million and cash generation net of investments of € 2.3 million.
THE 2019 BUDGET
In recent years Almawave has shown a constant growth trend.
In 2019 the company recorded a turnover of € 16,895,698, up compared to € 11,775,813 in 2018. The profit also rose to € 1,599,905 (compared to € 1,115,957 in 2018).
ATTENTION TO THE PA
The public administration accounts for over half of the revenues of the SMEs, recalled the CEO Valeria Sandei on the occasion of the fourth quarter of 2020.
THE ACQUISITION OF THE OBDA STARTUP
The acquisition of Obda Systems, a startup born within the La Sapienza University of Rome, fits into this perspective.
At the beginning of February, Almawave acquired the majority of the startup that provides products and solutions to extract information from complex and large datasets.
With this operation, Almawave aims to broaden the spectrum of proprietary solutions linked to language and Big Data technologies in support of businesses and PA.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/tutto-su-almawave-come-e-andata-la-quotazione-e-come-va-il-conto-economico/ on Thu, 11 Mar 2021 11:33:48 +0000.