(Alliance News) - ALA Spa reported Thursday that it ended 2023 with a value of production of EUR233.1 million compared to EUR158.7 million in the previous year, an increase of 47 percent.

Ebitda rose 50 percent to EUR25.3 million from EUR16.8 million while margin increased to 10.9 percent from 10.6 percent.

Net financial position showed debt of EUR29.4 million, an improvement from debt of EUR33.2 million as of June 30, 2023, thanks to cash flows generated from operations.

Roberto Tonna, ALA Group CEO, commented, "2023 was another record year for the ALA Group and we are extremely pleased with the preliminary results achieved, which reflect a significant improvement in our performance. Results achieved thanks to both organic growth well above the market average and the positive contribution from the acquisition and integration of the SCP Sintersa Group."

"In 2023, we recorded and reaped the fruits of important commercial successes, especially in Italy, Spain and the UK, and started, albeit only in the last quarter, activities related to the multi-year Service Provider framework agreement with Dassault Aviation in France. This contract represents significant potential for 2024, when we expect to further accelerate the ramp-up phase."

"Our ability to generate positive cash flows through efficient operations has also improved our Net Financial Position compared to H1 2023, highlighting the scalability of our business model. In particular, the recent opening of Sintersa SA's first foreign production site in Italy opens new cross-selling opportunities, strengthening our presence in the domestic market and the possibility of entering new strategic product and market segments. In addition, the total acquisition of ALA Germany and the opening of the ALA Group's new sales office in Fort Worth, Texas, allow us to look forward with great optimism to the future with the goal of further expanding our market share, taking advantage of synergies between the group's different subsidiaries."

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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