(Alliance News) - Industrie De Nora Spa on Thursday reviewed preliminary figures as of Dec. 31, reporting consolidated revenues of over EUR850 million from EUR615.9 million in 2021 and marking a 38 percent increase.

Adjusted Ebitda is expected at over EUR190 million from EUR126.7 million in the same period last year and up 50 percent.

"The growing backlog of more than 44 percent from December 31, 2021 to around EUR790 million, a record level in company history, testifies to the group's solid long-term growth prospects and supports revenue visibility in 2023. The Energy Transition division's backlog contributes more than EUR190 million with a commercial pipeline of additional projects expected to grow strongly," the company explained in a note.

The Net Financial Position shows cash of EUR48.1 million improving from net debt of EUR188 million as of December 31, 2021.

The company announced that Roberto Cingolani has been appointed by co-optation as a new independent member of the board of directors and a new member of the Strategy Committee.

On Wednesday, Industrie De Nora closed in the green by 2.9 percent at EUR17.55 per share.

By Claudia Cavaliere, Alliance News reporter

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