(Alliance News) - Vimi Fasteners Spa reported Wednesday that it reported revenues of EUR61.3 million in 2023, up 15 percent from EUR53.3 million as of Dec. 31, 2022.

The Vimi group's order backlog as of Dec. 31 also increased, covering the full year 2024 and amounting to EUR39.2 million, up from EUR37.7 million in backlog at the end of 2022.

Adjusted Ebitda for the year, net of nonrecurring costs mainly related to the acquisition of Filostamp Srl, amounted to EUR8.2 million, up from EUR6.1 million recognized as of December 31, 2022.

At year-end, net debt stood at EUR23.9 million compared to EUR26.6 million as of June 30 and EUR14.1 million as of Dec. 31, 2022.

On Wednesday, Vimi Fasteners closed 3.1 percent in the red at EUR1.57 per share.

By Claudia Cavaliere, Alliance News reporter

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