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GALLARATE, Italy–()–The Board of Administrators of TraWell Co S.p.A. (Euronext Progress Italia, ticker: TWL), which met yesterday afternoon, permitted the consolidated half-yearly monetary report as of 30 June 2022, which exhibits that passengers’ spending in airports could be very robust.

The group registered the next outcomes for H1 2022:

  • REVENUES of € 10.9 million, a rise of € 3.7 million (+ 52%);
  • EBITDA equal to + € 2.0 million, up by € 2.2 million;
  • NET PROFIT equal to + € 2.0 million, a rise of € 2.6 million.

The revenues of 10.9 million euros (+ 52%) present a robust enchancment of the spending atmosphere in comparison with 2021.

The evaluation of Group’s revenues by geographical space confirms a perfect worldwide diversification in H1 2022, with America as the primary market of the Group with roughly 50% of revenues, Europe with 28% because the second market and Asia with roughly 22% of revenues.

Rudolph Gentile, President and CEO of the TraWell Group: “Demand is excessive, and the trade is rebounding as pandemic-era troubles subside. The Group advantages from the restoration in air visitors, as evidenced by the rise in revenues in comparison with 2021, on which administration has constructed the foundations for the operational enhancements carried out over the last months that convey an EBITDA of + € 2.0 million and internet end result (after taxes) equal to + € 2.0 million.

Gentile continued: “We’re engaged on the reopening of strategic factors of sale, benefiting from the decreased competitors, as will be seen from the standard and amount of the concession tenders during which the Group is taking part.”

Gentile confirmed the presentation to buyers of the “TraWell 2027” Enterprise Plan on the NextGems 2022 convention, organized in Milan on 18 and 19 October.

About TraWell Co

TraWell CO is uniquely positioned as listed airport service firm working 137 retailers in 39 airports globally. It permits buyers to achieve publicity to air journey and retail sectors with excessive CAGR, as proven by the H1 2022 outcomes. TraWell Co is listed on Euronext Progress Italia, ticker: TWL.