(Alliance News) - Sia Spa reported Tuesday that in the first quarter it reported production value of about EUR3.4 million, in line with the previous year.

Backlog stands at EUR36.3 million compared to EUR27.1 million as of March 31, 2023, up 25 percent.

Net cash position is EUR5.8 million compared to EUR5.5 million as of Dec. 31, 2023.

Maurizio Ciardi, CEO of La Sia commented, "The year 2024 started in continuity with the previous year. Numerous projects have been launched and we have been awarded important contracts that confirm the growth in the Energy and Real Estate sectors in which we have long been leading players. The backlog continues to consolidate and allows us to look forward to the year that has just begun with confidence and determination."

"Thanks to the successful raising during the IPO and the prudent operational management, the company has the financial tools to evaluate, on an opportunistic basis, any extraordinary operations that would enhance growth."

By Claudia Cavaliere, Alliance News reporter

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