Chambers of Commerce launch into cybersecurity with Tinexta
How are the accounts going Tinexta, the company of the chambers of commerce active in cybersecurity
Double-digit profit growth for Tinexta.
“2020 was a positive year; despite the difficult macroeconomic and operational context, the group has continued the positive path of growth and improvement of the economic and financial results ”, said CEO Andrea Chevallard.
All the details.
THE NUMBERS OF TINEXTA
Let's start with the numbers. The revenues of Tinexta, in the year 2020, amounted to about 269 million euros (+ 4% on 2019), the Ebitda is about 78 million euros (+ 9%), with net profit reaching share approximately 38 million euros, up 32% compared to 28.8 million in 2019. Net financial debt at the end of December 2020 was approximately 92 million euros, a sharp decrease compared to 129.1 million at 31 December 2019.
THE NUMBERS BY SECTOR
Looking at the sectors, revenues for the digital trust amounted to approximately 116 million (+ 8.1%), with ebitda of 30.4 million (+ 4.7%), according to what Il Sole 24 Ore writes; the revenues of the Credit information & management business unit reached a share of approximately 77 million (+ 6%) with Ebitda of approximately 23 million (approximately 36%); revenues from the Innovation & marketing services sector fell to approximately 76 million (-4.1%), with Ebitda at 34.8 million (-8.3%).
TINEXTA BETS ON CYBERSECURITY
For the future, Tinexta aims to further increase revenues and profits thanks to its entry into the cybersecurity market, with 3 different acquisitions. In October 2010, the company acquired the “projects and solutions” division of the Paduan Corvallis; Yoroi from Bologna, a major player in the sector, which operates through the Cybaze, Emaze and @ Mediaservice.net brands; the Milanese Swascan, which operates through "security testing" cloud platforms. The initial investment for the purchase of the majority stakes of the three businesses is 47.8 million euros, but the company expects an increase in revenues of 20%.
TINEXTA
Heir to the Tecnoinvestimenti Group, Tinexta, through its subsidiaries, operates in three business areas: Digital Trust, Credit Information & Management, Innovation & Marketing Services.
THE PARTNERS
The company is controlled by Tecno Holding SpA, with 55.75% of the shares. Quaestio Capital Management Sgr SpA, as manager of the Quaestio Italian Growth Fund, holds 9.8% of the share capital, while 34.45% is floating.
THE MEMBERS OF TECNO HOLDING
The parent company of Tinexta, Tecno Holding is a company owned by the main Chambers of Commerce and Unioncamere, led by Enrico Salza.
The Turin Chamber of Commerce holds 27.88% of Tecno Holding, while 20.73% are shares owned by Tecno Holding itself.
Significant shareholders are also Parcam, with 15.53%, the Rome Chamber of Commerce, with 12.17%. 5.01% of the shares are owned by the Bologna Chamber of Commerce, while 3.93% are owned by the Alessandria Chamber of Commerce. 3% of the shares belong to the Florence Chamber of Commerce, while 2.87% belong to Unioncamere.
The remaining shares are divided by the Chambers of Commerce of Naples, Genoa, Taranto, Cosenza, Modena, Bari, Avellino, Sassari, Palermo and Enna, Bolzano, Perugia, Cremona, Reggio Calabria, Biella and Vercelli, Trento, Caserta, Pisa, Benevento, Catanzaro, Prato, Messina, Trapani, South East and Sicily, Rieti, Caltanissetta, Crotone, ViboValentia, Molise, Riviere di Liguria, Milan Monza and Brianza, Siena, Basilicata, Marche.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/tinexta-e-tecno-holding-le-cciaa-di-torino-roma-bologna-e-non-solo-si-lanciano-nella-cybersecurity/ on Sun, 28 Feb 2021 16:00:01 +0000.