In 2020, Sales revenues amounted to approximately Euro 18.3 million, up by approximately 2% compared to Euro 17.9 million at 31 December 2019. Thus Relatech, a company listed on AIM Italia and active on the market with innovative solutions dedicated to digital transformation – has lifted the veil on the accounts relating to the 2020 financial year which saw a number of customers increased by 15% compared to 2019.
Recurring revenues amount to Euro 5 million and represent 27% of total revenues. This figure, of significant importance for the Company’s business model, is up by 41% compared to the same period of the previous year. This increase, according to a note, is made possible and sustainable thanks to investments in research and development (equal to Euro 4.3 million with an incidence of approximately 23% on revenues), which generate new assets within the digital platform. RePlatform, central element of the Company’s value proposition.
Net income also increased (excluding minority interests), which went from 2.53 million to 2.55 million euros (+ 1%); adjusted net profit was 3.2 million. At the end of 2020, the net financial position was positive for 2.46 million euros, compared to 703 thousand euros at the beginning of the year. Finally, the Relatech board of directors proposed to allocate the net profit of 1.87 million made by the parent company to reserves.