Press Release: Samba Digital releases Q3 Finances
Oeiras, November 4 2022
Financial statements as of September 30th 2022, SAMBA DIGITAL SGPS S.A.
17th consecutive quarter of business growth and profit
1 – Main figures
At constant exchange rates, the growth from September 30th 2022 to September 30th 2021 showed the following:
– an improvement in turnover of 135%.
– a growth in operating income of 140%.
– net profit growth from June 30, 2022 to June 30 2021 of 130%.
At the end of September, the company was already close to achieving the annual objectives described in the Information Document submitted to Euronext, listed above in the column “Initial 2022 forecast”.
The company was incorporated last August with a capital of €23 million from the contribution of 100% of the shares of Samba Digital Inc (USA). Once the goodwill related to this contribution is removed, the company’s net equity amounts to €1.32M compared to €1K when the US company was created in May 2018.
The company has no bank debt and, although self-financing its developments, expects to have a cash position of more than €1M as of December 31, 2022
2 – Comments from CEO Frédéric Fausser
“The third quarter results confirm our strategic choices and our vision for the company’s development. We are currently working on the implementation of our new organizational strategy for 2023. We can confirm that our new “Talentisi” platform will be operational and online by early January. It will progressively replace the Sportstranslate and Sportinfluencers platforms and will be open to all sporting organizations around the world. It will be the world’s first online platform for the distribution of digital marketing services for the sports industry. Finally, building an international solution for the promotion of our clients’ Web 3.0 projects will also be a priority in 2023.”