(Alliance News) - Eurotech Spa reported Tuesday that it closed the first nine months of the year with a loss of EUR1.2 million, an improvement from a loss of EUR3.7 million in the same period last year.

As of Sept. 30, revenues stood at EUR70.0 million from EUR59.8 million in 2022.

Consolidated first margin was EUR33.1 million from EUR26.8 million in nine months 2022.

Consolidated Ebitda is EUR3.8 million from EUR500,000 as of September 30, 2022.

Ebit in the period is negative EUR500,000 from negative EUR3.2 million in 2022.

Net financial position is a debit of EUR18.0 million from EUR14.4 million as of Dec. 31, 2022.

By Claudia Cavaliere, Alliance News reporter

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