Amper improves EBITDA by more than 50% in the first nine months of the year

primer-semestre-amper
  • The company, at the request of the CNMV, has changed the accounting criteria applied in 2021 and 2022 for a contract in Brazil. This change of criterion on the interpretation of IFRS15 results in a restatement of certain items in its financial statements for 2021 and 2022.
  • The restatement has no impact on the Group’s cash position in 2023 and beyond and no negative impact on the expectations or future value of the company.
  • The consolidated Group closed September with a turnover of EUR 274 million, an increase of 12.2% compared to the same period of 2022, taking into account the effect of the restatement.
  • The third quarter results also reflect an improvement in consolidated EBITDA of 53.9% compared to the same period in 2022, considering the same effect, standing at a margin of EUR 15.5 million.
  • The group’s order backlog grew by 17.2% compared to the normalised figure for the same period of 2022 to EUR 363 million, also considering the effect of the restatement.

Madrid, 21st November.

Amper, the Spanish defence and security, energy and sustainability, and telecommunications group, in the context of an ordinary review carried out by the CNMV of the Group’s financial statements for the year ended 31 December 2022, has been required by the CNMV to modify the accounting criteria applied in 2021 and 2022 in a contract for the manufacture, installation, operation, and maintenance of signal intelligence systems (inhibition, intervention, and control) and anti-drone systems for various Brazilian prisons for the Secretariat of Justice and the Penal and Socio-Educational System of the State of Rio Grande do Sul State, installation, operation, and maintenance of signal intelligence (inhibition, intervention, and control) and anti-drone systems for various Brazilian prisons for the Secretariat of Justice and the Penal and Socio-educational System of the State of Rio Grande do Sul in Brazil. This change of criterion on the interpretation of IFRS 15 gives rise to the need to restate certain items in the Group’s financial statements for 2021 and 2022, in order to bring them into line with the criterion required by the CNMV.

This restatement has no impact on the Group’s cash position in 2023 and subsequent years, nor does it have any negative impact on the Company’s expectations or future value.

On the occasion of the aforementioned restatement of the consolidated financial statements, a supplement to the Prospectus for the share capital increase, with pre-emptive subscription rights, approved by the CNMV on 8 November, has been filed.

The group closed the third quarter of the year with a 12.2% growth (taking into account the effect of the restatement) in sales, which at 30 September stood at 274 million euros.

The group, which launched its Strategic and Transformation Plan 2023-2026 last May, recorded a 17.2% growth in its order backlog during the first nine months of the year compared to the normalised figure for the same period in 2022, also taking into account the effect of the restatement, to 363 million euros.

Consolidated EBITDA increased by 53.9% compared to the same period of 2022, taking into account the restatement, to €15.5 million.

The results at the end of the third quarter of 2023 confirm the positive evolution of the current financial year, are aligned with the 2023-2026 Strategic and Transformation Plan, and anticipate a potential improvement of the annual EBITDA and EBITDA Margin % targets.

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