(Alliance News) - The board of directors of Biesse Spa on Thursday reviewed its annual financial report for 2023, in which it reported consolidated net revenues of EUR785.0 million, down 4.6 percent from 2022. Net income was EUR12.5 million compared to EUR30.3 million in the previous year.

Ebitda reported EUR77.0 million - down 15 percent from 2022 - accounting for 9.8 percent of sales.

Ebit before nonrecurring events was EUR40.4 million, down from EUR47.6 million in 2022, with a 5.1 percent ratio.

Ebit after nonrecurring events was EUR24.2 million from EUR50.7 million in 2022, with an incidence of 3.1 percent.

As of December 31, 2023, the Net Financial Position was EUR93.0 million positive, including the impact of EUR25.5 million. In comparison with the previous year, this worsens by EUR23.6 million.

Biesse Thursday trades in the green by 1.6 percent at EUR11.92 per share

By Maurizio Carta, Alliance News reporter

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