(Alliance News) - The board of directors of Iren Spa on Thursday approved consolidated results as of December 31, 2023, closing with a group net profit of EUR255 million, up 13 percent from the result a year earlier.

The board put forward a proposal for a dividend of EUR0.1188, an increase of 8 percent compared to the dividend detached in the previous year.

Consolidated revenues as of December 31, 2023 stood at EUR6.49 billion, down 18 percent from EUR7.86 billion in fiscal year 2022.

Ebitda is EUR1.19 billion, up 14 percent from EUR1.05 billion million in FY2022.

Ebit was EUR464.6 million, broadly in line with EUR463.7 million in FY2022. "During the period there was higher depreciation and amortization expenses of about EUR78 million related to the entry into operation of new investments and the expansion of the scope of consolidation."

Net financial debt stood at EUR3.93 billion as of Dec. 31, 2023, up 18 percent from the Dec. 31, 2022 figure.

Iren on Wednesday trades in the green by 0.2 percent at EUR1.90 per share.

By Maurizio Carta, Alliance News reporter

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