(Alliance News) - Clabo Spa reported Monday that its board of directors reviewed some management data for fiscal year 2022, reporting total consolidated revenues of EUR58.8 million, up 16 percent from the previous year, when they amounted to EUR50.8 million.

Consolidated net sales reached EUR51.4 million, up 16 percent from the previous fiscal year. Orders collected in the 12 months totaled EUR52.4 million compared to EUR50.7 million in 2021.

There was significant growth in the group's U.S. subsidiary, Howard Mc Cray, which recorded total revenues of USD26.8 million - up EUR25.5 million - compared to USD23 million in 2021 and USD13.3 million recorded in 2018, when Clabo acquired a majority stake in the U.S. company.

The consolidated order backlog as of January 1, 2023 is EUR11.3 million compared to EUR12.8 million as of January 1, 2022.

Clabo closed Monday in the green by 5.2 percent at EUR2.21 per share.

By Claudia Cavaliere, Alliance News reporter

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