REPLY: The Board of Directors approved the draft financial statements for
the year 2023

EQS-News: Reply SpA / Key word(s): Quarter Results/Annual Results
REPLY: The Board of Directors approved the draft financial statements for
the year 2023

13.03.2024 / 13:41 CET/CEST
The issuer is solely responsible for the content of this announcement.

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All economic indicators are positive.

* Consolidated turnover of EUR2,118.0 million (EUR1,891.1 million in 2022);

  * EBITDA at EUR352.1 million (EUR340.3 million in 2022 EUR, 293.5 million net
    of the release of COVID funds in 2022););

  * EBIT at EUR292.7 million (EUR285.5 million in 2022, EUR 238.7m net of the
    release of COVID funds in 2022);

* Group net profit at EUR186.7 million (EUR191.0 million in 2022)

Approval of the proposed dividend distribution of EUR1 per share.

Today the Board of Directors of Reply S.p.A. (MTA, STAR: REY) approved the
draft financial statement for the year 2023, which will be submitted for
approval to the Shareholders' Meeting to be held on first call in Turin on
23 April 2024.

The Reply Group closed 2023 with a consolidated turnover of EUR2,118.0
million, an increase of 12.0% compared to EUR1.891.1 million in 2022.

All indicators are positive for the period. Consolidated EBITDA was EUR352.1
million, an increase of 3.5% compared to EUR340.3 million at December 2022
(growth is 20% net of COVID fund release in 2022).

EBIT, from January to December, was at EUR292.7 million, which is an increase
of 2.5% compared to EUR285.5 million at December 2022 (growth is 22.7% net of
COVID fund release in 2022.

The Group net profit was at EUR186.7 million. In 2022, the corresponding value
was EUR191.0 million.

Following the results achieved in 2023, the Reply Board of Directors decided
to propose a dividend distribution of EUR1 per share to the next Shareholders'
Meeting, which will be payable on 22 May 2024, with the dividend date set on
20 May 2024 (record date 21 May 2024).

As at 31 December 2023, the Group's net financial position has been positive
at EUR204.9 million (EUR70.6 million at 31 December 2022). As at 30 September
2023, the net financial position was positive at EUR189.7 million.

'2023,' stated Mario Rizzante, Reply's Chairman, 'was the year in which the
world became definitively aware that a great new revolution was just around
the corner: the advent of artificial intelligence. Reply was able to ride
this moment of great discontinuity by closing a growing financial year, but
above all by establishing itself among the new leaders in the sector.'

'This positioning - continues Mario Rizzante - was possible because Reply,
in 2023, was able to capitalise on years of investment made in artificial
intelligence, an area where we began operating with our first competence
centres as early as 2017. This know-how within the group has allowed us, in
a few months, not only to set up dedicated AI units within all the group
companies, but above all to specialise more than 20 companies on the
introduction of artificial intelligence into the main industrial sectors.'

'The future that lies ahead' Mario Rizzante concludes 'is still to be
written. In a short time, we will be living in a union of automation,
artificial intelligence, digital interfaces and connected objects. In front
of us there is a great opportunity and at the same time a challenge that, as
Reply, we intend to seize and transform into new spaces of growth for our
Group.'

The manager responsible for preparing the company's financial reports, Dr
Giuseppe Veneziano, states in accordance with Paragraph 2 of Article 154-bis
of the Consolidated Finance Act, that the accounting information contained
in this press release corresponds to the company's records, ledgers and
accounting entries.

REPLY

Reply (EXM, STAR: REY, ISIN: IT0005282865) specialises in the design and
implementation of solutions based on new communication channels and digital
media. Reply is a network of highly specialised companies supporting key
European industrial groups operating in the telecom and media, industry and
services, banking, insurance and public administration sectors in the
definition and development of business models enabled for the new paradigms
of AI, cloud computing, digital media and the Internet of Things. Reply
services include: Consulting, System Integration and Digital Services.
www.reply.com

Media Contacts

Fabio Zappelli
f.zappelli@reply.com
Tel. +39 011 771 1594

IR Contacts

Riccardo Lodigiani
r.lodigiani@reply.com
Tel. +39 011 771 1594
Michael Lueckenkoetter
m.lueckenkoetter@reply.com
Tel. +49 5241 5009 1017

March 13, 2024

This press release is a translation, the Italian version will prevail.


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13.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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1857959 13.03.2024 CET/CEST