(Alliance News) - IRCE Spa reported that it closed the first quarter with a profit of EUR2.3 million from EUR2.6 million as of March 31, 2023.

Revenue for the period was EUR100.1 million from EUR113.2 million in 2023.

Ebitda as of March 31 was EUR5.1 million from EUR5.5 million in last year's first quarter, while Ebit was EUR3.61 million from EUR3.57 million.

Net financial position is EUR40.2 million from EUR25.7 million approximately as of Dec. 31, 2023.

Capital expenditures in the first quarter stood at EUR5.2 million and mainly related to the plant in the Czech Republic.

By Claudia Cavaliere, Alliance News reporter

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