Reply: The Board of Directors approves the quarterly report dated 31 March
2024

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

14.05.2024 / 12:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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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.


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1902675 14.05.2024 CET/CEST