On 28 March, the Board of Directors of Cloudia Research S.p.A. met to examine and approve the draft financial statements for the year ending 31 December 2023, prepared in accordance with IAS/IFRS.
We continued the development path in line with the strategic plan objectives for the year. The value of production reached €7.13 million compared to €4.68 million in 2022 due to the organic growth of all business lines, and revenues from ordinary activities amounted to €6.06 million compared to €4.35 million in 2022.
During 2023, we completed the third edition of our Academy in cooperation with the University of Messina, which ended in April with the permanent recruitment of eight new colleagues. The Academy, established in 2021, is a response to the evolving digital world and the growing need for highly specialised skills, with the aim of introducing students to the ICT consulting sector. Also during the past year, all business lines experienced significant growth, in particular in the Business Central area, where several projects in Print & Packaging were successfully completed.
On 22 December 2023, the listing process of the ordinary shares on Euronext Growth Milan was successfully concluded, the admission took place following the placement of 2,105,000 ordinary shares (including the ordinary shares subject to over-allotment) exclusively addressed to qualified Italian and foreign investors.
“We close our first financial year as a listed company in line with what was declared at the IPO. Also thanks to its listing on EGM, Cloudia Research is establishing itself as a reference reality for the digital transformation of SMEs, strengthening its presence in the national and international territory. The fourth Academy in Messina, with the complete renovation of the Messina offices, and the launch of the Academy project in Spain, in Valencia, represent the fundamental steps for the company's development. There are still many growth opportunities that we intend to seize thanks to investor support and constant work, one of which is to focus even more on the business area dedicated to artificial intelligence and its applications in the Microsoft ecosystem'.”
Marco MerafinaPresidente e Amministratore Delegato di Cloudia Research
The Board of Directors also expressed satisfaction with the business performance in the first quarter of 2024, which confirms the positive growth trend.
On 26 March, the fourth edition of the Academy started in collaboration with the University of Messina, which will be the driver of the company’s internationalisation plan. The same format will in fact be established in Spain in the coming months, in the city of Valencia, where a new Innovation Hub will be opened with a targeted investment in the creation of a highly qualified consulting team in the use of artificial intelligence and the Cloud for the digitisation of business processes, which will consist of both senior and junior figures.
We are confident that these projects will enable us to consolidate our position in the market and create value for our shareholders, customers and employees.
In the context of the macroeconomic environment, the Company achieved positive results in 2023, not only in terms of turnover figures, but also with respect to key economic and financial indicators.
