DHH announces the quarterly results (Q4 2020) related to gross sales in the different companies of the group
Consolidated gross sales recorded a +93% growth in Q4 2020 (3,8M EUR) vs Q4 2019 (2M EUR) thanks to the inclusion of Seeweb
Milan, 15 February 2021. DHH S.p.A. (“DHH”) (DHH.MI | WDHH21.MI) (ISIN shares IT0005203622 | ISIN warrants IT0005203689), the cloud computing provider of Southeast Europe, announces the quarterly results (Q4 2020) related to gross sales in the different countries of the group.
Official results
| Q4-2020 | Q4-2019 | △ DELTA | |
| ITALY | 2.276.763 | 460.363 | +395% |
| SLOVENIA | 560.358 | 553.882 | +1% |
| CROATIA | 604.584 | 630.557 | -4% |
| SERBIA | 184.356 | 185.098 | 0% |
| SWITZERLAND | 203.217 | 153.485 | +32% |
| TOTAL | 3.829.278 | 1.983.385 | +93% |
Source: management accounts, unaudited
DHH’s consolidated gross sales recorded a +93% growth in Q4 2020 (3,8M EUR) vs Q4 2019 (2M EUR).
| Q1/Q4 2020 | Q1/Q4 2019 | △ DELTA | |
| ITALY | 3.644.238 | 1.930.599 | +89% |
| SLOVENIA | 2.109.279 | 1.801.827 | +17% |
| CROATIA | 2.322.142 | 2.277.518 | +2% |
| SERBIA | 644.973 | 603.566 | +7% |
| SWITZERLAND | 743.997 | 383.734 | +94% |
| TOTAL | 9.464.629 | 6.997.243 | +35% |
Source: management accounts, unaudited
DHH’s consolidated gross sales recorded a +35% growth in 2020 (9,5M EUR) vs 2019 (7M EUR).
Pro-forma results
| Q4-2020 | Q4-2019 | △ DELTA | |
| ITALY | 3.211.577 | 3.074.746 | +4% |
| SLOVENIA | 560.358 | 553.882 | +1% |
| CROATIA | 604.584 | 630.557 | -4% |
| SERBIA | 184.356 | 185.098 | 0% |
| SWITZERLAND | 203.217 | 153.485 | +32% |
| TOTAL | 4.764.092 | 4.597.768 | +4% |
Source: management accounts, unaudited
DHH’s consolidated gross sales recorded a +4% growth in Q4 2020 (4,8M EUR) vs Q4 2019 (4,6M EUR).
| Q1/Q4 2020 | Q1/Q4 2019 | △ DELTA | |
| ITALY | 12.324.145 | 11.886.415 | +4% |
| SLOVENIA | 2.109.279 | 1.801.827 | +17% |
| CROATIA | 2.322.142 | 2.277.518 | +2% |
| SERBIA | 644.973 | 603.566 | +7% |
| SWITZERLAND | 743.997 | 383.734 | +94% |
| TOTAL | 18.144.536 | 16.953.060 | +7% |
Source: management accounts, unaudited
DHH’s consolidated gross sales recorded a +7% growth in 2020 (18,1M EUR) vs 2019 (17M EUR).
The difference between official results and pro-forma results is that the latter includes the full-year bookings of the acquired companies, while the official results take into account the bookings since the effective date of the merge.