(Alliance News) - The board of directors of Almawave Spa on Monday approved the consolidated results for the first quarter of 2024, closing with a net profit of EUR1.3 million, almost unchanged from the same period last year.

Group revenues for the first quarter increased by 6.1 percent from the previous year to EUR13.6 million.

Ebitda was EUR2.9 million, remaining unchanged on last year and with an Ebitda margin of 21 percent.

Ebit closed at EUR1.5 million from EUR1.7 million in the same quarter last year.

Net financial position as of March 31, 2024 is "cash positive" at EUR5.6 million from EUR6.5 million positive as of December 31, 2023.

Almawave closed Monday's session in the green by 2.6 percent at EUR4.70 per share.

By Maurizio Carta, Alliance News reporter

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