Financial report 2021: back to pre-Covid levels and partnership with JAKALA

Turnover reaches €63,3 million. We sell our Consultancy unit to JAKALA and focus on the growth of Education.

The 2021 turnover reached €63,3 million, returning to pre-Covid levels. We also closed an important enhancement operation related to the sale of the Innovation, Digital Marketing, and Enabling Solutions divisions (business unit Consultancy) to the JAKALA group, one of the leading global players in the MarTech field.

This operation allows us to focus on our Education offer, becoming the only company listed on the Italian Stock Exchange to deal exclusively with education and edutech.

Read the complete press release (in Italian).

Our founder Riccardo Donadon declared:

«This is an important step for H-FARM, a change requested by the market that we are ready to address. We are going to be the only company listed on the Italian market that operates exclusively in the Education and Edutech fields, both in-person and online, focusing on innovative content and software for students and professors. In 2021, the Edutech market was valued at $254,80 billion and is estimated to grow 15% year-over-year, reaching $605,40 billion in 2027.

I hope now the market will understand our positioning and financial strength and invest with us in the future of the country and of the new generations. The job market requires new skills for the new careers of today and tomorrow: leveraging on our experience in the digital transformation services, we want to innovate the international education system so that the new generations can be protagonists of their training and companies find the talent they need to grow. We want to become one of the leading places to teach these skills, both physically and virtually.

With the JAKALA operation, H-FARM once again testifies to its ability to create value starting from the talents of its people. Today we are very happy to entrust the growth of this extraordinary group of Farmers to two great professionals like Matteo and Stefano, who have created an extraordinary company like Jakala, where the human factor is always at the centre. I am sure they will be able to enhance the talents in our Consultancy unit».