(Alliance News) - SG Co Spa reported Friday that the value of the group's contracted order backlog as of April 30 was about EUR19.3 million, up 87 percent from the figure for the same period a year earlier, when it was EUR10.3 million.

The figure is equivalent to 65 percent of the group's consolidated turnover as of December 31, 2023, which was EUR29.5 million.

The order backlog considers the group's consolidation perimeter as of April 30, 2023, thus excluding the order backlog of Louder Srl, FMA Srl and Geotag Srl acquired subsequently.

Considering, on the other hand, the same consolidation perimeter and, therefore, also the companies Louder, FMA, and Geotag, the value of the orders shows an increase of approximately EUR2.5 million, or 15 percent, compared to the value of EUR16.8 million in the same period of the previous year.

The orders are entirely for the fiscal year 2024 and, therefore, will be realized within the year.

SG Co's stock closed Thursday flat at EUR0.22 per share.

By Chiara Bruschi, Alliance News reporter

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