(Alliance News) - Sanlorenzo Spa on Friday reported that it ended 2023 with a net profit of EUR92.8 million, up 25 percent from EUR74.2 million as of Dec. 31, 2022.

The company announced that it has proposed the distribution of a dividend of EUR1.0 from EUR0.66 per share.

Revenues in the period stood at EUR840.2 million from EUR740.7 million in 2022.

Ebitda as of December 31 was EUR157.5 million, up 22 percent from EUR129.6 million in 2022.

Ebit was EUR125.9 million, up 23% from EUR102.7 million in 2022.

Net financial position is positive and EUR140.5 million from EUR100.3 million as of December 31, 2022.

The company reported that the net backlog as of Dec. 31 was EUR1.04 billion from EUR1.07 billion in 2022.

In light of the 2023 results, the company disclosed guidance for 2024 that sees net new revenues of EUR880-910 million; Ebitda of EUR168-176 million; net income between EUR99 and EUR101 million; and investments between EUR48-50 million.

Sanlorenzo trades in the green by 0.6 percent at EUR41.75 per share.

By Claudia Cavaliere, Alliance News reporter

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