(Alliance News) - Franchetti Spa reported Thursday that it ended 2023 with a net profit of EUR1.2 million, up 3.6 percent from 2022.

During the period, production value stood at EUR7.0 million, up 44 percent from EUR4.9 million in 2022.

Ebitda stood at EUR2.5 million, up 38% from EUR1.8 million the previous year.

Net financial position is EUR400,000 in debt from a cash positive EUR200,000 as of December 31, 2022.

The 2023 backlog is EUR34.2 million with visibility to 2027 compared to the previous Nov. 30 disclosure of EUR32.6 million.

Franchetti trades in the red 2.1 percent at EUR5.58 per share.

By Claudia Cavaliere, Alliance News reporter

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