(Alliance News) - Sogefi Spa reported Monday that in the first half of the year it posted a net profit of EUR31.4 million up from EUR20.8 million in the same period of 2022.

Revenues amounted to EUR852.4 million from EUR756.0 million in the first half of 2022.

Ebitda is EUR111.1 million up from EUR99.8 million in the same period last year.

Ebit amounted to EUR54.8 million from EUR40.4 million in H1 2022.

Net debt before IFRS 16 as of June 30 was EUR185.3 million from EUR216.4 million as of June 30, 2022.

As for the future, in the absence of deteriorating factors in the macroeconomic scenario compared to the current one, the Sogefi group for 2023 expects growth in revenuesimid-single digits, in line with forecasts in the automotive market, and operating profitability, excluding nonrecurring charges, to be higher than in fiscal 2022.

Sogefi trades in the green by 1.1 percent at EUR1.31 per share.

By Chiara Bruschi, Alliance News reporter

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