(Alliance News) - The board of directors of Siav Spa has approved the consolidated financial statements as of December 31, 2023, which closed with a net profit of EUR300,000, down from the previous year's profit of EUR1.0 million.

Sales revenue stood at EUR33.1 million, up 2 percent from 2022 when it was EUR32.4 million.

Value of production is in line with 2022 at EUR33.8 million, standing at EUR33.9 million.

Ebitda is EUR5.3 million from EUR5.8 million in 2022, with a margin on revenues that is slightly down from the previous year and at 16.5 percent from 17.9 percent in 2022.

Ebit is EUR900,000, down from EUR1.8 million in 2022, following total depreciation and amortization of about EUR4.4 million, up from EUR4.1 million in 2022.

Net financial debt is EUR19.6 million, a deterioration from the previous year of EUR16.5 million.

Siav closed Wednesday's session flat at EUR2.41 per share.

By Maurizio Carta, Alliance News reporter

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