NVP Receives a New ESG Linked Financing of 1.5 Million Euros from Crédit Agricole Italia

NVP spa, an innovative Sicilian SME listed on Euronext Growth Milan since December 2019 and active in the video production industry, specialized in the design and development of television events related to sports, entertainment, concerts and shows, has received a new medium-long term KPI ESG Linked financing of 1.5 million euros from Crédit Agricole Italia with SACE’s Future Guarantee.

NVP’s new financing follows the previous one received by the company in mid-September 2023 for one million euros, again from Crédit Agricole

The aim of the new operation is the technological enhancement of the innovation hub within which content will be produced through the use of innovative technological solutions and cutting-edge from which over 5 thousand events will be broadcast, including Serie A matches and numerous other sporting events.

Founded in 2007 and headquartered in the province of Messina, NVP is listed on the EGM, but approximately 40% of the capital is still owned by the Pintabona family, with CEO Massimo Pintabona owning 19.9% ​​and Ivan and Natalino Pintabona owning 19.74%, respectively. NVP is an Italian excellence active in the end-to-end creation of content for television networks and broadcasting services.

With over twenty years of experience in the entertainment sector, the company today plays a leading role in the European market, counting television broadcasts, online content platforms, production houses and sports clubs among its customers. The company, in line with the current process of technological innovation, has grown over time, through the expansion of its workforce.

NVP’s portfolio includes, inter alia, well-known national and international television networks (DAZN, IMG, Mediaset, Sky Italia, Rai, Uefa), content producers (Atlantis, Banijay), important Italian football clubs (Juventus, US Sassuolo, SSC Napoli) as well as the Lega Calcio Serie A. NVP also collaborates with numerous Italian and international sports federations and is a supplier to Ferrari, a prestigious Italian car manufacturer.

As of December 31, 2023, consolidated revenues , not subject to audit, amounted to approximately 27.5 million euros, up 58% compared to 17.4 million euros in 2022. The value of production was equal to 31.1 million euros, +55% compared to 20.0 million euros in 2022. EBITDA amounted to 7.8 million euros, +38% compared to 5.6 million euros in 2022. EBIT was equal to 3.1 million euros, +47% compared to 2.1 million euros in 2022.

NVP’s net income amounted to 726 thousand euros, up compared to 590 thousand euros in 2022. Shareholders’ equity was equal to 14.4 million euros, compared to 13.7 million euros at December 31, 2022. The PFN liabilities of 15.3 million euros (liabilities of 11.6 million euros at 31 December 2022).

On September 1st, 2023, the company won the tender for the production of Lega Pro Serie C championship matches for the 2023/24, 2024/25 and 2025/26 seasons using the innovative Remote Production technology at the Innovation Hub in Cologno. Thanks to the aforementioned award, NVP consolidates the company’s leadership in the football sector and will contribute to generating an additional turnover of approximately 1.2 million euros per season.

Regarding that financing, CEO Massimo Pintabona commented: “The financing obtained thanks to the support of Crédit Agricole and guaranteed by SACE allows us to support investments in technology to meet the growing demand for productions abroad, including the recent agreement signed with WTA Media and Dazn Group Limited UK for the global production of the WTA Tour.

At the same time, NVP focuses on ESG issues by committing to achieving some environmental objectives linked to the company’s core business by approaching the ESG path in such a way as to make, in the short term, sustainability parameters a point of reference for the group’s activities”

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(Featured image by Sebastian Pandelache via Unsplash)

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First published in Be Beez. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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