(Alliance News) - Pozzi Milano Spa on Wednesday reported figures for fiscal year 2023, which closed with a net profit of EUR1.0 million, on par with the result recorded in 2022.

Revenues decreased to EUR18.2 million from EUR20.0 million in 2022, and value of production amounted to EUR19.3 million from EUR21.7 million in the previous year.

Ebitda increases to EUR2.4 million from EUR2.2 million in 2022 and Ebitda margin is 12 percent from 10 percent in 2022.

Ebitda is EUR1.9 million from EUR1.7 million in 2022.

Net debt of EUR1.4 million is improving from EUR2.7 million as of Dec. 31, 2022.

Pozzi Milano closed Wednesday in the green by 4.8 percent to EUR0.66 per share.

By Chiara Bruschi, Alliance News reporter

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