(Alliance News) - The board of directors of Salcef Group Spa on Wednesday approved its interim report as of March 31, showing a profit of EUR16.2 million, up 13 percent from EUR14.3 million in the first quarter of 2023.

Revenues amounted to EUR213.2 million from EUR160.4 million as of March 31, 2023.

Ebitda increases to EUR40.9 million from EUR32.9 million in the first quarter of 2023.

Ebit advances to EUR26.9 million from EUR22.4 million in the first three months of 2023.

Net financial position is negative EUR2.2 million, improving from negative EUR7.2 million at the end of 2023, mainly due to cash generation for the period, which more than offset outlays for investments.

The order backlog continues its growth and exceeds EUR2.3 billion, up by an additional EUR118 million from the end of 2023.

In light of the results of the first three months of the year and the strength of the order book, on volume growth for 2024 the company confirms the expectations communicated in the group's guidance.

Salcef Group's share price gives up 0.2 percent to EUR23.35 per share.

By Chiara Bruschi, Alliance News reporter

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