TAS Group’s growth does not slow down despite the pandemic: double-digit increase in EBITDA
The consolidated half-year report of TAS Group, approved yesterday by the Board of Directors, highlights a growth in all financial indicators compared to the same period of the previous year, with double-digit increase (13.9%) in the Gross Operating Margin (EBITDA).
Dario Pardi, President of TAS Group, commented: "We are undoubtedly satisfied with the results obtained in the first half of 2020 which see an increase in all indices, in particular in margins, despite the period being characterized by an unprecedented pandemic and which led to containment world-wide, with important repercussions on the economy. These have been important months for us, marked by the conclusion of the corporate reorganization of Global Payments Spa and TAS International S.A., which led to an optimization of skills and an enhancement of assets for the domestic and international market. In addition, we have completed important transactions that will allow us to grow further in the future, particularly internationally. In fact, in June we completed the acquisition of Infraxis AG, a reference reality in the digital payments sector, in the Swiss and German markets, laying the foundations for consolidating our presence in the European market ".
"TAS Group - added Valentino Bravi, CEO of the Group - will continue focusing on technological innovation as the foundation of its business strategy, after an absolutely satisfactory first half. Although the future global economic outlook is uncertain, given the current crisis generated by the pandemic, we can look to the coming months with optimism, also thanks to the boost that digital payments are having, particularly in our home market. We therefore continue our commitment to complete software development projects with the usual determination, focusing investments on innovation and working to confirm our leadership as a company of Italian excellence recognized abroad ".
Read the press release in the Investor Section