Milan, 11 October 2018. The Board of Directors of DHH S.p.A. (“DHH”) (DHH.MI | WDHH21.MI) (ISIN shares IT0005203622 | ISIN warrants IT0005203689), a tech company whose mission is to create the “Internet Platform of the Emerging markets of Europe,” today shares some financial highlights related to consolidated financial statements for the first half of 2018.
FINANCIAL HIGHLIGHTS
NET FINANCIAL | NET FINANCIAL POSITION 1H2017 |
DELTA |
2.684.347 |
2.278.126 |
+18% |
TOTAL DEBT | TOTAL DEBT 1H2017 | DELTA |
47.527 | 797.615 |
-94% |
DEBT/EQUITY | DEBT/EQUITY 1H2017 | DELTA |
1% | 11% |
-91% |
Corresponding to good financial performance and strong cash generation, net financial position at the end of the first six months of this year has grown by 18% compared to the same time last year. This, coupled with simultaneous reduction in debt obligations (debt-to-equity ratio reduced from 11% to 1%) solidifies company’s ability and confidence in closing future acquisitions.