DHH S.p.A. Half-Year Results – H1 2024

FINANCIAL PERFORMANCE OVERVIEW • Net Sales: Reached EUR 18M in H1 2024, compared to EUR 16,5M in H1 2023, representing a growth of 9%. This growth is attributed primarily to increased revenue in the Cloud Computing (+9%), Cloud Hosting (+7%) and Business Connectivity (+9%) segments . • Recurring Revenue: Constitutes approximately 94% of total revenue, highlighting strong customer retention and predictable turnover. • EBITDA : Amounted to EUR 6M, up from EUR 4,3M, reflecting a significant increase of 40%, with an EBITDA margin of 33%. • Earnings Before Tax (EBT): Stood at EUR 3,1M, significantly up from EUR 1,1M, showing a growth of 175%. • Net Profit: Increased to EUR 2M from EUR 313K, marking a substantial rise of 541%, driven by revenue growth and cost optimization. • Net Financial Position: Improved to EUR 3,6M of net debt, a decrease of 44% from EUR 6,5M at the end of 2023, due to operating cash flows and liquidity management.