(Alliance News) - Altea Green Power Spa on Thursday reported that it closed fiscal year 2023 with a profit of EUR4.9 million, up 18 percent from EUR4.2 million as of Dec. 31, 2022.

During the period, production value stood at EUR17.3 million, up 3.5 percent from EUR16.7 million in 2022.

Ebitda 2023 is EUR7.3 million up 18 percent from EUR6.1 million in the previous year, with a margin of 42 percent from 37 percent.

Ebit is EUR7.1 million from EUR6.1 million and up 17% from 2022.

Net financial debt is cash negative EUR4.4 million compared to cash positive EUR100,000 as of Dec. 31, 2022.

By Claudia Cavaliere, Alliance News reporter

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