(Alliance News) - Beghelli Spa reported Thursday that it closed 2023 with a loss of EUR9.3 million from a loss of EUR10.2 million in 2022.

Revenues amount to EUR155.4 million, up from EUR145.9 million in 2022.

Ebitda increases to EUR9.8 million from EUR3.0 million in the previous year, a triple-digit increase.

Ebit as of December 31, 2023 is negative EUR2.9 million from negative EUR5.9 million in the previous year.

Net financial debt is EUR52.3 million down from EUR as of Dec. 31, 2022.

For 2024, the directors expect, in the absence of extraordinary elements also related to

to the current Russia-Ukraine and Arab-Israeli conflicts, "an increase in sales revenue,

accompanied by an improvement in recurring Ebitda, with financial debt in

reduction, within an overall framework of sustainability of its business," the statement said.

Beghelli's stock closed Thursday in the red 10 percent from EUR0.23 per share.

By Chiara Bruschi, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.