(Alliance News) - Saccheria F.lli Franceschetti Spa announced Tuesday that its board of directors reviewed its operating revenues as of Dec. 31, in which they amounted to EUR17.8 million from EUR23.2 million in the same period of the previous year.

The company recalled that it operates as a substitute for collection on behalf of CONAI, whose revenues and costs in the income statement cancel out: not considering the effect of this contribution, management revenues as of Dec. 31 stood at EUR17.7 million, compared to EUR22.8 million as of Dec. 31, 2022.

Revenues from the main product categories amounted to EUR13.3 million from EUR15.6 million in 2022, "big bags" to EUR1.1 million from EUR1.9 million in 2022, "small bags" to EUR1.3 million from EUR2.2 million in 2022, respectively.

"2023 also shows a double-digit increase in the proprietary e-commerce channel, with an upward performance of 31 percent compared to 2022," according to a note released by the company.

Saccheria F.lli Franceschetti trades in the green by 1.6 percent at EUR1.31 per share.

By Claudia Cavaliere, Alliance News reporter

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