(Alliance News) - Valsoia Spa reported Monday that it reported revenues of EUR86.0 million in the first nine months of the year, up 11 percent from EUR77.7 million in the same period last year.

Sales abroad increased 1.3 percent in the period compared to 2022, although held back by an unfavorable season for ice cream consumption across Europe.

Net financial position as of Sept. 30 was positive at EUR20.1 million from EUR23.5 million as of Sept. 30, 2022.

The company said it has improved, for all of the group's brands, distribution coverage and management of point-of-sale space, while continuing major investment activities in consumer marketing and advertising both in Italy and in some foreign countries deemed as priorities.

Valsoia trades up 0.2 percent at EUR8.50 per share.

By Claudia Cavaliere, Alliance News reporter

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