E-Globe, revenues good but Ebitda and net income drop in the first half of the year

(Alliance News) - E-Globe Spa reported that it closed the first half of the year with sales revenues of EUR13.1 million from EUR11.6 million in the first half of 2022.

Value of production increased to EUR13.3 million from EUR11.7 million in the first half of the previous year.

Ebitda is EUR2.4 million from EUR2.7 million a year earlier while net income decreased to EUR400,000 from EUR1.2 million.

Net financial debt is EUR1.2 million compared to a positive cash position of EUR990,000 as of Dec. 31, 2022; the same size as of June 30, 2022, was EUR1.8 million.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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