(Alliance News) - TMP Group's board of directors over the weekend reviewed and approved the draft consolidated financial statements as of December 31, which closed with a loss of EUR1.2 million compared to a net profit of EUR600,000 as of December 31, 2022.

In the year under review, consolidated revenues stood at EUR5.6 million, down 12 percent on the previous year.

The value of production, EUR5.8 million as of December 31, 2023, shows a decrease of 11.0 percent compared to 2022, when it was EUR6.5 million.

Ebotda is EUR220,000 compared to EUR2.4 million in 2022. Operating expenses are EUR5.6 million up from EUR4.0 million in 2022.

Ebit is negative EUR8000,000 compared to positive EUR1.2, million as of December 31, 2022.

As a result of the capital raising that followed the listing of TMP Group on Euronext Growth Milan, the consolidated net financial position as of December 31, 2023 is positive EUR1.0 million, compared to consolidated debt of EUR350,000 as of December 31, 2022.

TMP closed Friday's session in the red by 0.8 percent to EUR2.56 per share

By Maurizio Carta, Alliance News reporter

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