(Alliance News) - MARR Spa's board of directors on Wednesday approved the 2023 financial statements today, reporting a consolidated net profit of EUR47.1 million compared with EUR26.6 million in 2022, which "was affected by higher net financial charges of EUR9.7 million due to the increase in the cost of money starting in the second half of 2022," the company wrote in the note.

The board proposed a gross dividend of EUR0.60 per share compared to EUR0.38 in the previous year.

MARR Group closes the 2023 fiscal year with total consolidated revenues at EUR2.08 billion with a growth of EUR155.0 million compared to EUR1.93 billion in 2022.

Consolidated Ebitda for FY2023 is EUR123.1 million from EUR82.1 million in 2022 and Ebit is EUR84.9 million from EUR46.2 million in 2022.

Net debt as of December 31, 2023 is EUR223.4 million compared to EUR217.6 million in 2022.

MARR on Wednesday trades in the green by 1.5 percent at EUR10.70 per share.

By Maurizio Carta, Alliance News reporter

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