2Q23 & 1H23 results: illimity continues to grow in volumes, revenues and net profit

August 4, 2023

Corrado Passera's editorial

CEO illimity

illimity continues to grow in terms of volumes, revenue, and profits. In the last quarter, financing to SMEs has particularly increased despite a more challenging external context than expected.

The strategic partnership with Engineering Group has been established, showing benefits already in the first half and opening a new area for future revenue. Our open and legacy-free, but natively cloud-based IT architecture, as well as the vertical applications we have developed in an ever-modular manner will, in fact, be of great interest to other operators as well.

Our tech ventures are also developing on track:

hype, which is confirmed as the leading retail fintech in Italy with 1.8 million users;

b-ilty, the digital bank for smaller businesses with a rich transactional and credit offering;

Quimmo, Italy's largest real estate brokerage platform, already a leader in the judicial market, which this semester successfully entered the "open" market through its important partnership with COIMA.

We expect these autonomous entrepreneurial initiatives to add significant value to illimity.

Finally, capital and liquidity remain very robust, also thanks to the success of our new Premium Account that has brought retail collection to ca. 3 billion euros.

We will continue our path of growth, always ready to seize the future opportunities that an evolving market may present.