(Alliance News) - Clabo Spa announced Thursday that it has approved consolidated financial statements as of Dec. 31, which closed with a profit of EUR1.2 million from EUR900,000 a year earlier.

Revenues increased to EUR60.5 million from EUR51.4 million.

Ebitda increased 16 percent to EUR10.1 million from EUR8.7 million.

Adjusted Net Financial Position is EUR31.3 million, an improvement from EUR34.9 million as of December 31, 2022 and EUR33.1 million as of September 30, 2023.

NFP is EUR40.7 million from EUR42.4 million as of Dec. 31, 2022 and EUR42.3 million as of Sept. 30, 2023.

Group growth continues in the first two months of the year with confirmed orders up 3.8 percent year-on-year -- to EUR12.5 million from EUR12.0 million in the first two months of 2023 -- and net sales of EUR9.9 million, up 8.0 percent from EUR9.2 million.

Clabo's stock rises 5.3 percent to EUR2.57 per share.

By Chiara Bruschi, Alliance News reporter

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