(Alliance News) - The board of directors of Interpump Group Spa on Wednesday approved the interim report as of March 31, closing the period with a net profit of EUR67.6 million compared to EUR86.0 million in the first quarter of 2023, a decrease of about 22 percent.

Net sales for the first quarter of 2024 were EUR545.9 million, down 7.8 percent from EUR592.3 million in the corresponding period of 2023.

Ebitda for the first quarter of 2024 was EUR127.4 million compared to EUR149.6 million in the corresponding period of the previous year.

Ebit was EUR99.8 million - about 18 percent of revenues - compared to EUR124.6 million in the first quarter of 2023, or 21.0 percent of revenues.

As of March 31, 2024, Net Financial Position was EUR452.8 million compared to EUR486.5 million as of December 31, 2023.

Investments amounted to EUR39.5 million while EUR3.1 million was dedicated to the purchase of equity investments.

Executive Chairman Fulvio Montipò commented, "Our goal is to consolidate in substance the values expressed in 2023 with small variations in positive or negative depending on the evolution that the general situation will have."

Interpump on Wednesday trades in the green by 3.6 percent at EUR44.96 per share.

By Maurizio Carta, Alliance News reporter

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