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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.

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