(Alliance News) - Energy Spa reported that it ended 2023 with revenues halved to EUR63.3 million from EUR126.5 million in the previous year.

Revenues in Italy fell 54 percent to EUR48.9 million from EUR107.3 million, revenues in the EU fell 23 percent to EUR14.0 million from EUR18.3 million, and non-EU revenues increased 3 percent to EUR921,008 from EUR882,770.

Ebitda dropped to EUR10.1 million from EUR32.2 million, with margin down to 16% from 25.4% a year earlier, while Ebit fell to EUR8.9 million from EUR31.6 million.

Pre-tax profit fell to EUR7.5 million from EUR31 million in 2022, and net income plummeted to EUR5.6 million from EUR22.6 million.

Net financial position is negative EUR168,424 at the end of 2023 from positive EUR8,185 at the end of 2022.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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