(Alliance News) - Growens Spa on Tuesday reported that the board approved some financial figures for the first nine months of fiscal 2023. Ebt for the first nine months amounted to EUR61.7 million and in the third quarter amounted to EUR64.6 million, positively impacted by receipts from divestments of parts of the group's business completed in 2023.

Total consolidated revenues for the first nine months decreased from EUR57.7 million to EUR54.6 million, a decrease of about 5 percent compared to the same period last year.

Consolidated recurring revenues - from subscriptions to SaaS - Software as a Service products and accounting for almost 14 percent of the total - amounted to approximately EUR7.3 million, up 14 percent compared to the same period in FY2022.

Consolidated Ebitda was negative EUR400,000 in the third quarter and positive about EUR300,000 in the nine-month period to September 30, down about 169% and 60%, respectively, from the same period 2022 figure.

Consolidated net financial position as of Sept. 30 was about EUR57.4 of cash from EUR65,000 at the end of December 2022.

Growens closed Tuesday's session flat at EUR6.56 per share

By Maurizio Carta, Alliance News reporter

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