Cyber Security revenues +16,10%
Rapid, sharp organic growth continues in production value and sales revenues, well beyond market values. Also up sharply are EBITDA, with a margin of 38.86%, and net profit
- Value of Production: €25.01 million (+13.60% compared to €22.01 million in 2023)
- Total revenues: €22.83 million (+14.10% compared to €20.01 million in 2023)
- Cyber Security revenues: €17.97 million (+16.10% compared to €15.48 million in 2023)
- NFP (cash): -€0.18 million (-99.53% compared to -€3.85 million in 2023)
- EBITDA: €9.72 million (+4.73% compared to €9.28 million in 2023)
- EBITDA margin: 38.86% compared to 42.15% in 2023
- Operating profit: €4.38 million (+10.43% compared to €3.96 million in 2023)
Reggio Emilia, March 27, 2024– Cyberoo S.p.A., market, specialized in cyber security for companies, announces that today the Board of Directors of the company examined and approved the draft statutory financial statements and consolidated annual report for the period ended December 31, 2024.
Fabio Leonardi, CEO of Cyberoo commented:
“In 2024 we continued to enjoy double-digit growth, further solidifying our position in the cybersecurity industry. In the cyber segment we grew by more than 16%, continuous progress that reflects market trends. EBITDA was up and we maintained a high EBITDA margin of almost 39% despite strategic investments in international expansion and the development of the new product line based on generative AI, which will launch in 2025.
Since our listing on the stock exchange we have blazed a solid, ambitious trail that is making us an increasingly key player in Italy and Europe. Today, in a geopolitical context in which Europe is about to invest more and more in defense and digital
technology, Cyberoo stands out as one of the few players with a proprietary technology and a service that is completely European, with superior expertise in cybersecurity and the development of artificial intelligence. Not only do we represent excellence for the European cybersecurity industry, but with the strong and growing impact of the NIS2 directive in Europe between 2025 and 2026 our product line is perfectly positioned to comply with the new regulations. This means that, in addition to providing cutting-edge, high-quality cybersecurity services, we contribute to strengthening the European IT security ecosystem, representing a true asset in the industry. It is important to remember that Cyberoo develops its solutions entirely in Italy, with a strong focus on research and development in artificial intelligence. Thanks to our offices in Europe, we are able to industrialize a service that we now sell in Italy, Poland, and Spain, with the goal of expanding further in the coming months and years.
2024 was a year of important milestones: we opened the Spanish market, strengthened our presence in Poland with strategic partnerships with Zaltor and Arrow, and consolidated the Italian distribution model, centralizing partner management through distribution. We also further expanding our product line with the launch of Cypeer Keera, an innovative service that provides an advanced level of remediation for threat mitigation, which is particularly strategic for companies that have cybersecurity expertise but lack an adequate structure to handle the so-called “last mile” of mitigation, an increasingly common need among European companies. We have made strategic investments to expand our reach and initiated the development of the new product line that will be announced at the Partner Conference in May 2025.
In the past half year, the company reorganized and expanded its technical departments, appointing Matteo Ghiotto as the new CTO and strengthening the management of SOCs, Incident Response, and R&D, with a strategic focus on artificial intelligence. At the beginning of 2025 we also reorganized the Italian sales area to ensure better coverage of the territory.
During the year we also invested in brand awareness and sales growth, organizing and participating in more than 60 events of different types and launching the “Above the Rest” campaign with Federico Buffa. Furthermore, for the third consecutive time we were named as a Global “Representative Vendor” in the Gartner® “Market Guide for Managed Detection and Response 2024,” confirming the quality and value of our products.
In conclusion, there is certainly a significant component of economic uncertainty and complexity in this period, but precisely because of our uniqueness – as a vendor and producer of our own technologies, with 100% European DNA – we are confident that a future full of opportunities as a European leader awaits us. According to Gartner data, over the next four years the MDR market will experience an average annual growth rate of 20% in Europe and 27% in Italy. We expect them to be intense yet rewarding years, both for international growth, with expansion primarily in Europe, both direct and indirect, and for the development of our product lines“.
For the complete data:
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Cyberoo S.p.A.
Cyberoo S.p.A., a company listed on the Euronext Growth Milan stock exchange of Borsa Italiana, is an innovative Reggio Emilia-based SME specialized in cyber security for businesses, intended not only to protect IT systems from external attacks but also to implement a real strategy capable of protecting, monitoring and managing IT ecosystem information. Cyberoo addresses the medium-sized enterprise market with a broad and deep portfolio of enterprise solutions developed using the most advanced technologies and with a value chain that allows it to set prices that are in line with our customers’ spending power.
FOR INFORMATION:
CYBEROO
Chief Marketing Officer & Investor Relator
Veronica Leonardi | investor@cyberoo.com +39 0522 388111
CYBEROO PRESS OFFICE ReputationValue, communication & public affairs
Federico Ziller | ziller@reputationvalue.it +39 335 7555508
Fabio Pandolfini | pandolfini@reputationvalue.it +39 339 7214602
EURONEXT GROWTH ADVISOR CYBEROO
EnVent Italia SIM S.p.A.
+39 02 22175979
