TAKE OFF S.P.A. (Alliance News) - Take Off Spa on Monday reported a net profit of EUR500,000 in the first half of the year, down 65 percent from EUR1.4 million in the same period last year.
Revenues in the period amounted to EUR15.5 million, up 20 percent from EUR12.9 million as of June 30, 2022.
Ebitda for the six-month period was EUR2.5 million with Ebitda margin at 16.2% from EUR3.3 million as of June 30, 2022 with Ebitda margin at 25.4%.
Ebit is EUR1.0 million down 54% from EUR2.2 million in the first half of 2022.
Net financial position is cash positive EUR2.9 million from a cash positive EUR7.0 million as of December 31, 2022.
Looking to the future, "The current scenario is in constant flux and it remains, as yet, difficult to make predictions about the short- and medium-term future. In an environment that remains complex, due to the geopolitical turmoil in Eastern Europe and its effects on the economic and social front, the group has been able to respond promptly, reducing some costs and maintaining a good level of profitability. The group will continue its strategy of focusing on the development of new stores in the coming months, with the aim of maintaining a solid financial structure and continuing to generate a positive impact on operating and economic performance," the company explained in a note.
Take Off trades in the red by 1.5 percent at EUR1.28 per share.
By Claudia Cavaliere, Alliance News reporter
Comments and questions to redazione@alliancenews.com
Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.
