25 August 2022, 13:01
Sharp increase in users and volumes in all commodities under operation
• Record annual revenue: almost tripled to over € 207 million (+174% YoY)
• Number of users served in the electricity commodity reached 201,000 (+112% YoY)
• Favorable cash cycle with Net Financial Position (cash) at € 12.3 million (compared to a positive NFP of € 5 million at 31 December 2021)
Saluzzo (CN), 25 August 2022 – The Board of Directors of eVISO S.p.A. (EVS.MI) – an EGM-listed artificial intelligence company that creates value for consumers and recurring producers of raw materials – met today to review its unaudited full-year revenues for the period July 2021-June 2022 and main indicators.
eVISO continues to expand and reached revenues of € 207.3 million in the July 2021-June 2022 financial year, a 174% increase over the € 75.7 million of the previous year; moreover, it showed a sharp rise in the main management indicators for all commodities under operation, also confirmed by the number of users served, that reached 201 thousand, with an increase of over 106 thousands new users in only 12 months.
“The financial year that has just ended – commented Gianfranco Sorasio, CEO of eVISO – showed significant growth both in terms of users and volumes managed, which led eVISO to reach a considerable size, with a record turnover of more than EUR 200 million. This clearly proves the validity and scalability of our business model based on our proprietary artificial intelligence platform, which is capable of handling a huge amount of data, enabling us to grow rapidly in the current 3 commodities we decide to operate in. The strong rise of all our dimensional indicators, such as the over 200 thousand users served, turned eVISO into a rising protagonist of the competitive energy arena.
I firmly believe our proprietary artificial intelligence infrastructure is the tool to compete in commodities during the upcoming challenging macroeconomic environment and the reported indicators are a clear message that we are diligent in delivering results. “
Electricity
The high energy price phenomenon (average PUN increased from €56 to €216/MWh) is only one of the factors that drove the improvement in revenues. The increase in energy cost is reflected in the average revenue per MWh of the segment which increased from €163/MWh, as reported in the financial year ended on the 30th June 2021, to approximately €283/MWh of the present period.
The number of users served overall went up by +112% compared to the previous year and stood at 201,000, while the number of resellers served was 77, up +75% compared to the 44 as at 30 June 2021, thus representing a 9.5% share of the free market sales operators surveyed in Italy as at 9 February 2022 [1]
The energy supplied reached 626 GWh, with an increase of 210 GWh compared to the previous year. In more details, the energy supplied to the reseller channel reached 380 GWh, with an increase of 200 GWh in respect to the previous year while the energy supplied to direct clients reached 246 GWh, with a 10 GWh increased over the previous year.
Gas
Gas delivered reached approximately 1,6 Msmc (million standard cubic meters) compared to 0,266 Msmc as at 30 June 2021, while the turnover registered an increase from € 0,13 millions to € 2,3 millions. The financial year just ended confirmed strong growth in the number of direct users, which exceeded 1,270, more than double compared to 590 as at 30 June 2021.
Apples
The volume of apple traded with forward contracts on the proprietary smartmele® marketplace, launched in December 2021, were 176 tons. On the 20th of June 2022, the limit orders registered an ASK requests volume of 1,342 tonnes. The number of registered users on smartmele.eviso.it amounts to 211.
The Net Financial Position is positive (cash) at € 12 million, compared to a positive Net Financial Position of approximately € 7 million as of 30 June 2021 and € 5 million as of 31 December 2021. The Net Financial Position was favorably influenced by the shorter payment conditions applied to the reseller channel as well as to the increase in warranties requested to the reseller operators.
The above figures are of an operating nature and are unaudited. As per the Company’s financial calendar, the full set of financial results will be published following their approval by the Board of Directors, scheduled for Tuesday, 27 September 2022.
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[1] Source: ARERA (Energy, Grids and Environment Regulatory Authority)
This press release is available in the Investor Relations section of the website www.eviso.ai.
It should also be noted that, for the dissemination of regulated information, the Company uses the eMarket SDIR circuit managed by Spafid Connect S.p.A., with registered office at Foro Buonaparte 10, Milan.