Press Releases

Milan, 07 July 2020. DHH S.p.A. (“DHH”) (DHH.MI | WDHH21.MI) (ISIN shares IT0005203622 | ISIN warrants IT0005203689), the cloud computing provider of Southeast Europe, announces that Value Track, independent financial analysis boutique led by Marco Greco, published an update report on DHH.

In less than five years, the Group has successfully finalized several acquisitions, reaching the highest point with the incorporation of Seeweb, the Italian pioneer of cloud computing solutions, establishing in such way a new combined entity with 2019 pro-forma turnover at €16.8mn, 33.5% EBITDA Margin and EBITDA cash conversion ratio close to 100%.

Value Track assesses DHH fair equity value at €18.0 per share, compared to current €8.1 stock market price, calculated as the average of four different methodologies: peers’ analysis, DCF model, user-based valuation and recurring revenue analysis.