(Alliance News) - Planetel Spa's board of directors announced Thursday that the company a reported consolidated revenues of EUR30.5 million in FY 2022 compared to EUR22.1 million and up 38 percent.

Consolidated Ebitda amounted to EUR7.1 million from EUR5.2 million in FY2021, still marking a 38 percent increase and with an Ebitda margin of 22 percent.

Consolidated Ebitda stands at EUR2.2 million, up 61% to EUR1.4 million in FY 2021.

Consolidated net income is EUR1.5 million from EUR1.0 million and up 40%.

The company has proposed an orodinary dividend of EUR0.07 per share.

Group net financial position is cash negative EUR11.9 million from a cash negative EUR8.2 million in FY 2021.

Regarding the 2023 outlook and plans, the group is working on 3 directions: the development of the business and residential FTTH market, and the joining of Planetel's product to the circular economy concept; maintaining the focus on the fiber network, also directed very much on the IRU market, which in these last months of 2022 have seen Planetel at the forefront on offers towards the main operators in the sector; and finalizing the integration of Net-Admin networks and Direte customers within the Planetel network.

On Thursday, Planetel closed flat at EUR5.76 per share.

By Claudia Cavaliere, Alliance News reporter

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