(Alliance News) - IMD International Medical Devices Spa reported Thursday that it ended 2023 with a net profit of EUR2.5 million, which compares with a net profit of EUR3.2 million in 2022.

Revenues dropped to EUR38.0 million from EUR41.8 million in the previous year.

Ebitda fell to EUR4.4 million from EUR5.6 million, and operating income increased to EUR3.6 million from EUR5.0 million.

Net financial debt is cash positve by EUR4.9 million from the EUR300,000 cash of the year before, as a result of the reduction of financial liabilities by subsidiaries Technix Spa and IMD Generators Srl and the EUR5.4 million capital increase for the listing.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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