(News Bulletin 247) – Vantiva publishes revenue of 2,776 ME for the 2022 financial year, up 11.4% at constant exchange rates compared to 2021.
Adjusted EBITDA amounted to 161 million euros (+14.3%), representing a margin rate of 5.8% of revenue (6.3% in 2021).
Adjusted EBITA increased by 39.7% to €55million (compared to €39million in 2021).
Net income from continuing operations showed a loss of 529 million euros, after a negative contribution from equity method results of 311 million euros resulting from the depreciation of the value of TCS shares.
Finally, the group’s net result was positive at 151 million euros after taking into account a profit of 680 million euros from ‘discontinued operations’ coming mainly from the distribution of TCS shares (compared to -140 million euros a year earlier).
“Our results show that Vantiva exceeded its commitments to the market with strong financial performance in a challenging environment. This is the result of the transformation of the company that we have implemented in recent years’, assures Luis Martinez-Amago, Managing Director.
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