(Alliance News) - The following stocks are the best and worst performers on Italy Growth Thursday afternoon in Piazza Affari.

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WINNERS

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Franchetti takes the top spot and rises about 12 percent. The company last week reported that it ended 2022 with net income up 80 percent year-on-year, to EUR1.2 million from EUR700,000 a year earlier.

Revenues from sales and services amounted to EUR4.7 million, up 20 percent from EUR4.0 million in the previous year. The improvement in revenues can be attributed to the growing demand for maintenance and resilience of major infrastructure. In particular, commercial efforts aimed at increasing penetration of the target market continued by entering into agreements with specific associations to which the major concessionary groups of roads and highways and related road and rail bridges and viaducts belong.

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Estrima also does well, up 6.7 percent. The company announced Thursday the opening of a new market, Belgium, thanks to a partnership with Amolytics BV, led by Matthew Khouri, an entrepreneur who has been active for many years in the distribution of heavy-machinery for the construction and mining sectors in West Africa, with whom the company Birò Brussels has been formed.

The agreement includes the opening of a new Birò Store, managed by the newly formed Belgian-registered company Birò Brussels, dedicated to the sale, distribution and rental of Birò in the Belgian capital.

The initiative is part of Estrima's growth plan, as communicated during the IPO, which includes the opening of new markets and cities in Europe, including Belgium.

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LOSERS

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BetterThis goes to the tail and loses 4.5 percent to EUR0.88 per share. The company last week reported that it ended 2022 with net income down to EUR2.0 million from EUR3.9 million a year earlier.

Revenues were EUR77.8 million and up 27 percent from EUR61.4 million in 2021. The company reported a positive contribution from both business lines: Customer Acquisition records revenues of EUR69.7 million and up 27 percent from EUR54.9 million in 2021; Customer Management records revenues of EUR8.1 million, up 25 percent from EUR6.5 million a year earlier.

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By Claudia Cavaliere, Alliance News reporter

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