(Alliance News) - Zignago Vetro Spa reported Thursday that it ended 2023 with a group net profit of EUR122.4 million from EUR86.6 million as of Dec. 31, 2022, up 41 percent.

The company proposed a dividend of EUR0.75 per share, up 25 percent from the dividend paid in 2022 of EUR0.60 per share.

Revenues in the period stood at EUR699.4 million, up 9.1% from EUR640.8 million in 2022.

Ebitda amounted to EUR219.4 million as of Dec. 31 from EUR162.2 million in the previous year, up 35 percent.

Ebit stood at EUR151.0 million up from EUR99.2 million in 2022, up 52 percent.

Net financial debt is EUR227.9 million from EUR284 million in 2022.

The board announced that CEO Roberto Cardini has resigned and Biagio Costantini has been co-opted in his place as of March 15.

The board also resolved to propose that the shareholders' meeting authorize the purchase and disposal of treasury shares.

Zignago Vetro trades in the green by 1.8 percent at EUR13.56 per share.

By Claudia Cavaliere, Alliance News reporter

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