The Board of Directors of Almawave S.p.A., an Artificial Intelligence (AI), natural language processing and Big Data services leader listed on the AIM Italia (Ticker: AIW) multi-lateral trading system, today approved the H1 2021 consolidated results.

The Chief Executive Officer of Almawave, Valeria Sandei, stated: “This performance reflects the successful execution of the strategy guidelines presented at the beginning of the year on IPO. We report double-digit revenue growth, a margin in excess of 26% and a net profit up by nearly 400% over the same period of the previous year. I am greatly satisfied by these numbers, which clearly indicate our strong operating performance, featuring the consistent acquisition of new projects, customers and partners, in addition to the consistent technological development which has increasingly captured the market’s attention. These developments are a cause for optimism for the coming months. The company in fact confirmed in this initial part of the year its capacity to efficiently manage an extensive backlog and particularly with Public Sector customers, buoyed by growing interest in a range of artificial intelligence applications to manage information and improve citizen services. In this regard, the dynamics and potential from the roll-out of the National Recovery and Resilience Plan (PNRR), in support of the country’s relaunch, may present a further opportunity for growth”.

Almawave: strong growth in H1 2021, +22,1% on H1 2020, with total revenues of € 15.4 mln
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