Circle reaches its financial targets
The board of directors of Circle has approved the half year financial report effective 30 June 2019. Luca Abatello, CEO of Circle, stated: "We are very satisfied with the results achieved in H1/2019, with a production value of EUR 2.6 million, up by over 8.5%, thanks to a significant increase in revenues generated by proprietary frameworks, Milos first of all, and thanks to the expansion abroad."
Ebitda stands at EUR 0.7 million (EUR 0.6 million on 30 June 30 2018) corresponding to an Ebitda margin of 26.5% in line with the figure on 30 June 2018. The group implemented constant efficiency actions, as well as consolidating the synergies generated by the acquisition of Info.era. Net profit amounts to EUR 0.35 million (EUR 0.38 million on 30 June 2018).
Investments during the first half of 2019, amounting to EUR 0.3 million, were dedicated to the further development of the Milos TOS Suite, in order to complete the new MTO platform, as well as the software platforms and project activities necessary for the signing of three major European projects. (mw)