(Alliance News) - STAR7 Spa reported Thursday that it ended 2023 with a net profit attributable to the group of EUR1.8 million, down 41% from EUR3.1 million as of Dec. 31, 2022.

Revenues in the period stood at EUR104.4 million, up 25 percent from EUR83.3 million in 2022.

Ebitda is EUR14.6 million, down 5.4% from EUR15.5 million in 2022, with a margin of 15.3%.

Net financial position is negative EUR37.8 million from negative EUR35.1 million as of Dec. 31, 2022.

STAR7 is flat at EUR6.75 per share.

By Claudia Cavaliere, Alliance News reporter

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