Reply SpA Reports Positive Financial Growth in Q1 2024

Reply SpA announced its Q1 financial results for 2024, demonstrating significant growth across various financial indicators. According to the results approved by the Board of Directors, the company achieved a consolidated turnover of €554.3 million, representing a 6.5% increase compared to the same period last year.

The company’s EBITDA reached €87.3 million, up from €81.0 million in 2023, while EBIT stood at €72.1 million, compared to €65.6 million a year earlier. Moreover, profit before tax for the first quarter amounted to €73.1 million, indicating a substantial rise from €62.1 million in 2023. These figures underline an overall positive performance in terms of revenue and profit margins.

Reply’s net financial position also showed improvement, totaling €368.9 million as of March 31, 2024, a significant increase from €204.9 million at the end of 2023. Chairman Mario Rizzante expressed optimism about the company's direction, highlighting increased interest in artificial intelligence applications, where Reply has established market leadership.