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EQS-News: Reply SpA / Key word(s): Quarterly / Interim Statement/Quarter Results
Reply: The Board of Directors approves the quarterly report dated 31 March 2024
2024-05-14 / 12:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
All economic and financial indicators grew:
. Consolidated turnover of EUR554.3 million (EUR520.6 million in 2023);
. EBITDA of EUR87.3 million (EUR81.0 million in 2023);
. EBIT of EUR72.1 million (EUR65.6 million in 2023);
. Profit before tax amounts to EUR73.1 million (EUR62.1 million in 2023).


Today, the Board of Directors of Reply S.p.A. [EXM, STAR: REY] approved the results as at 31 March 2024.

Since the beginning of the year, the Group has recorded a consolidated turnover amounting to EUR554.3 million, an
increase of 6.5% compared to the corresponding data for 2023.

All indicators are positive for the period. In the first quarter of 2024 the consolidated EBITDA was EUR87.3 million
compared to EUR81.0 million in 2023, equal to 15.8% of the turnover.

EBIT, from January to March, was EUR72.1 million (EUR65.6 million in 2023) and is equal to 13.0% of the turnover.

The profit before tax, from January to March, was EUR73.1 million (EUR62.1 million in 2023), equal to 13.2% of the
turnover.

The net financial position of the Group on 31 March 2024 is also positive by 368.9 million. The net financial position
on 31 December 2023 was positive for EUR204.9 million.

"The first quarter of 2024", Reply Chairman Mario Rizzante has said, "was positive, both in terms of revenues and
margins. Since the beginning of the year, we have seen an increased interest in applications related to the use of
artificial intelligence, an area where Reply has long been committed and where it has acquired a leading position in
the market."

"In particular," continues Mario Rizzante, "the increasingly pervasive diffusion of artificial intelligence is
accelerating the evolution from models composed of a few large core applications to scenarios based on a fragmentation
of global services and platforms. As Reply, we are working with our customers on projects aimed at introducing
artificial intelligence within the main marketing, sales, production, distribution processes, as well as in the
products. Other major areas of interest include in-vehicle artificial intelligence and new conversational interfaces
based on spatial computing platforms".
"Today, however, we are still at the beginning of a huge transformation. - concludes Mario Rizzante - In the next few
years, the widespread adoption and ongoing advancements of artificial intelligence will require everyone to make a
great effort in the continuous redefinition of systems and the way of working; two areas in which Reply is
significantly investing, in specific solutions and specific expertise, to support companies in what will be the
challenge of the future."

The manager responsible for preparing the company's financial reports, 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


May 14, 2024

This press release is a translation, the Italian version will prevail.
2024-05-14 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
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1902675 2024-05-14 CET/CEST

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END) Dow Jones Newswires

May 14, 2024 06:30 ET (10:30 GMT)