(Alliance News) - Masi Agricola Spa on Friday reported that it closed the first quarter with revenues of EUR14.6 million from EUR17.4 million as of March 31, 2023 and down 16 percent.

Ebitda for the period stood at EUR1.8 million from EUR3.0 million in Q1 2023. Ebitda margin was EUR12.6 percent from 17.3 percent last year.

Net financial debt is EUR27.3 million from EUR16.0 million as of Dec. 31, 2023.

Masi Agricola is in the green by 0.6 percent to EUR4.97 per share.

By Claudia Cavaliere, Alliance News reporter

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