(Alliance News) - Newlat Food Spa reported Tuesday that it closed the first nine months with revenues up to EUR600.7 million from EUR521.2 million in the same period last year.

Ebitda rose to EUR57.1 million from EUR39.6 million while the figure net of recurring costs sees Ebitda rise to EUR58.3 million from EUR47.7 million.

Operating income flew to EUR31.8 million from EUR11.7 million while net income jumped to EUR18.2 million from EUR3.5 million.

Net financial position amounted to EUR60.5 million, registering a marked improvement of EUR49.3 million from the December 31, 2022 closing figure of EUR109.8 million, thanks to the group's ability to generate cash flow from operating activities. Excluding the application of IFRS 16, NFP is EUR14.8 million, an improvement from EUR63.1 million at the end of 2022. The NFP reflects the sale of treasury shares totaling EUR23 million in June.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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