Press releases

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

 Q4-2020Q4-2019  DELTA
ITALY2.276.763460.363+395%
SLOVENIA560.358553.882+1%
CROATIA604.584630.557-4%
SERBIA184.356185.0980%
SWITZERLAND203.217153.485+32%
TOTAL3.829.2781.983.385+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 2020Q1/Q4 2019  DELTA
ITALY3.644.2381.930.599+89%
SLOVENIA2.109.2791.801.827+17%
CROATIA2.322.1422.277.518+2%
SERBIA644.973603.566+7%
SWITZERLAND743.997383.734+94%
TOTAL9.464.6296.997.243+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

 Q4-2020Q4-2019  DELTA
ITALY3.211.5773.074.746+4%
SLOVENIA560.358553.882+1%
CROATIA604.584630.557-4%
SERBIA184.356185.0980%
SWITZERLAND203.217153.485+32%
TOTAL4.764.0924.597.768+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 2020Q1/Q4 2019  DELTA
ITALY12.324.14511.886.415+4%
SLOVENIA2.109.2791.801.827+17%
CROATIA2.322.1422.277.518+2%
SERBIA644.973603.566+7%
SWITZERLAND743.997383.734+94%
TOTAL18.144.53616.953.060+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.