DHH S.p.A. examined and approved the draft financial statements with proposal to distribute an ordinary dividend

In 5 years since the foundation (2015), DHH passes from being an idea “on paper” to a leading player in the cloud computing industry in Southeastern Europe focused on recurring revenue by selling subscription-based, “as a service” products (SaaS - “Software As A Service”; IaaS - “Infrastructure As A Service”) on the market, serving more than 100.000 customers in the region FINANCIAL HIGHLIGHTS : ▪ NET SALES EQUAL TO EURO 18 MILLION VERSUS EURO 16,8 MILLION AS OF 31 DECEMBER 2019 +8% ▪ RECURRING REVENUE (SAAS/IAAS) EQUAL TO ~90% OF NET SALES ▪ EBITDA EQUAL TO EURO 6,8 MILLION VERSUS EURO 5,6 MILLION AS OF 31 DECEMBER 2019 +21% ▪ NET RESULT EQUAL TO EURO 2,6 MILLION VERSUS EURO 1,8 MILLION AS OF 31 DECEMBER 2019 +45% ▪ OPERATING CASHFLOW EQUAL TO EUR 5 MILLION VERSUS EBITDA EQUAL TO EUR 6,8 MILLION – CASH CONVERSION EQUAL TO 73,5% ▪ NET EQUITY EQUAL TO EURO 16,4 MILLION VERSUS EURO 14,2 MILLION AS OF 31 DECEMBER 2019 +15% ▪ NET FINANCIAL POSITION EQUAL TO EURO 1,5 MILLION (CASH) (OF WHICH EURO 8,8 MILLION RELATING TO CASH AND CASH EQUIVALENT, EURO 2,2 MILLION RELATING TO CURRENT FINANCIAL DEBT AND EURO 5,3 MILLION RELATING TO NON-CURRENT FINANCIAL DEBT) VERSUS EURO 2,2 MILLION (DEBT) AS OF 31 DECEMBER 2019 +168%