DHH announces the quarterly results (Q1 2022) related to the consolidated revenue
DHH records a +24% growth in Q1-2022 vs. Q1-2021, thanks to the recovery of the positive trend in Italy after the pandemic peak, coupled with the stable double-digit increase in the Balkans and the inclusion of Evolink in the group – recurring revenue is equal to 96,7% of the total revenue
Milan, 16 May 2022. DHH S.p.A. (“DHH” or the “Company”) (DHH.MI | WDHH21.MI) (ISIN shares IT0005203622) announces the quarterly results (Q1 2022) related to the consolidated revenue.
Revenue by country
| Q1-2022 (consolidate) | Q1-2021 (consolidate) | △ DELTA | |
| ITALY | 3.495.698 | 3.207.379 | +9% |
| SLOVENIA | 643.909 | 581.855 | +11% |
| CROATIA | 690.224 | 572.416 | +21% |
| SERBIA | 167.160 | 156.871 | +7% |
| SWITZERLAND | 203.583 | 205.492 | -1% |
| BULGARIA | 671.244 | - | n/a |
| TOTAL | 5.871.819 | 4.724.013 | +24% |
Revenue by segment
| Q1-2022 (consolidate) | Q1-2021 (consolidate) | △ DELTA | |
| IaaS | 2.426.058 | 2.253.320 | +8% |
| PaaS | 2.114.074 | 1.741.805 | +21% |
| SaaS | 107.440 | 69.603 | +54% |
| Datacenter & Networking | 1.029.010 | 421.508 | +144% |
| Managed Services | 149.535 | 205.456 | -27% |
| Other | 45.701 | 32.321 | +41% |
| TOTAL | 5.871.819 | 4.724.013 | +24% |
Note: Revenues refer to “Net sales from operations”, other revenues are not included.
Comment
The strong growth of the revenue in Q1-2022 vs. Q1-2021 is driven by: 1) the recovery of the growth in Italy after the pandemic peaking. In particular, Seeweb, which is the main contributor of revenue in the country, grew the net sales by 8% in Q1-2022 vs Q1-2021; 2) the stable double-digit growth in the Balkans, with particular reference to Slovenia and Croatia, countries where DHH has a leading position; 3) the inclusion of Evolink in the group. Evolink is the cloud computing and b2b internet service provider active in Bulgaria and acquired by DHH at the end of 2021.
Recurring revenue (referring to the IaaS, PaaS, SaaS e Datacenter & Networking segments) is equal to 96,7% of the total revenue.
Other announcements
On 12.04.2022 the Croatian subsidiary DHH d.o.o. changed its name in “Plus hosting grupa d.o.o.” (Croatian name) and “Plus hosting group Ltd” (English name); from the point of view of visibility on the market there were no changes because the company operates through four brands – Plus hosting, Studio4web, Infonet and Optima Hosting – that have remained unchanged.