MILAN (AIMnews.it) - Relatech announces that the Company's Board of Directors, meeting in audio conference, examined certain economic and financial management data, not subject to auditing, as of March 31, 2020.

REVENUE ANALYSIS

Consolidated Sales Revenuesat March 31, 2020 are equal to approximately Euro 4 million, an increase of approximately 16%compared to Euro 3.46million at March 31, 2019.The portion of recurring revenuesis equal to Euro 1.05 million, an increase of 31%compared to Euro 0.80 million as of March 31st2019 and is equal to 26% of Sales Revenues.The share of revenues from foreign customersincreased by 10%compared to the same period of the previous year, reaching around 56% of Revenues.

PERIOD CASH FLOW ANALYSIS

The consolidated Net Financial Position at March 31, 2020 is negative (ie cash) and equal to Euro 0.153 million compared to a negative Net Financial Position (cash) equal to Euro 0,7 million at December 31, 2019. It is reported that they affected the absorption of cash and, consequently, on the Net Financial Position at the end of the quarter, the purchases of treasury shares made, equal to Euro 1,34 million. Net of the above, cash flow in the quarter was approximately € 0,80 million.

Pasquale Lambardi, Chairman of the Board of Directors of Relatech, said: ““The growth in the first quarter, which took placeby internal lines, confirms the strategic validity of our business model and the ability to generate cash. Thanks to the predictability of cash flows, recurring revenues are equal to 26% of total revenues, and our available stocks,it will be possible to further accelerateour growth path without weighing on shareholders. Our target are companies that offer innovative solutions in "digital enablers" technologies, with the aim of enhancing our offer and consolidating our competitive positioning.”

Silvio Cosoleto, Vice President of Sales, commented: "The world has definitely changed in recent weeks and innovation, in our opinion, will be increasingly relevant in strategic company decisions. Digitisation will undergo a considerable acceleration and will also have an impact in those sectors which have hitherto been more traditional.It will therefore be necessary to rethink the supply chain, operations, digital strategies, the way in which these services will be made available through the Cloud and how to protect these new models from cyber-attacks; in essence, the ability of companies to innovate their business models and to add to their offer new services to bring to the market, will become fundamental. 3In this real digital revolution, Relatech stands as a strategic partner and unique interlocutor able to create all those Solutions / Services able to aggregate all frontier technologies (Cyber security, Cloud, Big Data, Blockchain) that will allow companies to cope with the specificities of the 'new normality”.