15-03-2024

Almawave, an Italian company listed on the Euronext Growth Milan market (Ticker: AIW) and part of the Almaviva Group, active in the Data & Artificial Intelligence sector, has approved the annual financial statement of December 31, 2023, as well as the consolidated financial statement of December 31, 2023.

• In 2023, revenue increased by 20% to €57.5 million.
• The 2023 net profit is equal to €9.3 million, an increase of 92%.

Valeria Sandei, CEO of Almawave: “2023 was another year of growth and strategic evolution. We continued to invest heavily in artificial intelligence, in terms of both technology and applications, diversified markets and geographic areas, and completed our first international acquisition. All this while maintaining high margins and improving operational cash flow. Additionally, all sustainability targets for 2023 were successfully met.”