(Alliance News) - NVP Spa reported Tuesday that consolidated revenues as of June 30 amounted to about EUR12.4 million, up 50 percent from EUR8.2 million as of June 30, 2022.

Value of production amounted to about EUR13.7 million, up from EUR9.5 million as of June 30, 2022.

Massimo Pintabona - NVP's CEO - commented, "The revenues recorded in the first half of 2023 testify to the Group's stable growth process in its target markets and sectors. As is now well established in our company's experience, 'sports events' substantially generated this result, standing at EUR9.5 million, with a positive contribution also from 'entertainment & fashion' activities, which grew by 12 percent."

"The first half of the year also showed important results, not represented among consolidated revenues, for the 50% owned joint venture Hiway Media, an innovative startup specialized in the development of OTT platforms. We confirm the expectation of a 2023 characterized by a higher growth trend than that recorded in 2022," Pintabona concluded.

NVP closed Monday's session flat at EUR3.38 per share.

By Maurizio Carta, Alliance News reporter

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