(Alliance News) - The board of directors of Gambero Rosso Spa on Thursday reviewed the consolidated financial statements as of Dec. 31, 2023, which closed with consolidated net income amounting to about EUR1.2 million, down from EUR1.6 million in 2022.

Net sales revenue as of Dec. 31, 2023 reached EUR18.2 million compared to EUR17.3 million in the previous year.

Consolidated Ebitda 2023 was about EUR5.6 million, with an Ebitda margin of 30 percent, up from EUR5.3 million in 2022.

Consolidated Ebitda amounted to EUR2.8 million from EUR2.7 million in 2022 and included the effect of depreciation of investments incurred during the period.

Consolidated net debt as of December 31, 2023 was EUR12.8 million, compared to EUR8.8 million as of December 31, 2022.

Gambero Rosso closed the session in the green by 4.9 percent at EUR0.47 per share.

By Maurizio Carta, Alliance News reporter

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