(Alliance News) - Biesse Spa on Friday released estimates for its consolidated financial statements as of December 31, 2023. Revenues are estimated at about EUR785 million and Ebitda is expected at about EUR77 million with a sales margin of 9.8 percent.

Adjusted Ebit is estimated at EUR40 million as a percentage of sales of 5.1 percent.

Estimated Net Financial Position is positive at EUR93 million, net of effects related to the application of IFRS16, with CAPEX estimated at about EUR31 million incidence on sales at 2.9 percent.

Biesse's stock trades in the red by 2.6 percent at EUR11.85 per share.

By Chiara Bruschi, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.