(Alliance News) - Cofle Spa reported that it ended 2023 with a turnover of EUR60.6 million, up 9.4 percent from EUR55.4 million as of Dec. 31, 2022.

Production value stands at EUR64.1 million, up more than 10 percent from EUR58.0 million in 2022.

Net income is EUR800,000 from EUR2.6 million in 2022.

Adjusted Ebitda for the period stood at EUR11.5 million from EUR13 million in the previous year, with an adjusted margin of 17.9 percent from 22.4 percent.

Net financial position was EUR5.0 million from a cash surplus of EUR800,000 as of Dec. 31, 2022.

On Wednesday, Cofle closed 2.1 percent in the red at EUR7.00 per share.

By Claudia Cavaliere, Alliance News reporter

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