The Board of Directors of Almawave S.p.A. (Ticker: AIW), an Italian Artificial Intelligence (AI), natural language processing and Big Data services leader listed on the AIM Italia multi-lateral trading system, today approved the 2020 separate financial statements and consolidated financial statements, reporting revenues of Euro 26.9 million - up 26.1% at current exchange rates on the previous year (+29.0% at like-for-like exchange rates).
Almawave’s Chief Executive Officer Valeria Sandei commented:
“2020 was a truly challenging year, although thanks to the work, quality and innovation delivered by Almawave we have achieved strong results which reflect the shrewdness of our strategic and industrial focus, as outlined to the financial community during the recent listing. Revenues are up considerably and consolidate our position both with the existing customer base and among new customers and on all product lines. Growing digitalisation and innovation demand, driven particularly by the COVID-19 emergency, has accelerated Public Sector business levels. We are also satisfied with the overseas revenue share and the general expansion of the customer base (+18%). Finally, the backlog of Euro 72 million (2.7x annual revenues) generates optimism for the current year and in terms of our growth trajectory for the coming years”.
Almawave: strong growth in 2020, revenues of euro 26.9 million (+26.1%)