(Alliance News) - The board of directors of Exprivia Spa on Monday approved the annual financial report as of Dec. 31, reporting a net profit of EUR13.2 million compared to EUR11.5 million in 2022.

Total revenues amounted to EUR203.0 million, up from EUR183.7 million in 2022. As the company writes in the released note, "exceeding the threshold of EUR200 million in total revenues, obtained entirely organically, represents a significant step forward in the company's market positioning."

In 2023, the group reported Ebitda of EUR27.2 million -- or 13.4 percent of revenues -- compared to EUR25.1 million in 2022.

Net financial debt was EUR7.2 million, compared to EUR18.3 million as of December 31, 2022, an improvement of EUR11.1 million.

Domenico Favuzzi - chairman and CEO of Exprivia - commented, "We are pleased with the results we have achieved this year. The double-digit increase in Group revenues, compared to the previous year, reflects the hard work and commitment of our teams as well as the trust and support of our customers and partners. As we look to the future of the ICT market, we see a landscape full of opportunities and challenges."

"Our commitment to investing in research and development, strengthening our strategic partnerships and driving change through innovation continues. We are convinced that perseverance in excellence and our forward-looking vision will enable us to continue to grow and contribute to the progress of society as a whole," Favuzzi concluded.

Exprivia closed Monday's session in the red by 1.3 percent at EUR1.66 per share.

By Maurizio Carta, Alliance News reporter

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