Acinque, revenues and profits drop in first half of year

(Alliance News) - Acinque Spa reported Thursday that it closed the first half with revenues of ERU347.7 million from EUR367.3 million.

The prior-year figure, however, benefited from a nonrecurring item on prior items of EUR15.3 million.

Ebitda was broadly in line with the year before, at EUR46.9 million, while Ebit stood at EUR23.1 million from EUR35.1 million in the previous year.

Profit, on the other hand, fell to EUR13.0 million from EUR25.9 million in the same period last year.

Group investments made in the first half of the year, before divestments, amounted to EUR25.3 million, down slightly from EUR27.7 million in the corresponding period of 2022.

As of June 30, 2023, net financial debt was EUR279.8 million, an increase

compared to December 31, 2022, when it was EUR241.5 million.

Acinque's stock is down 0.5 percent to EUR1.99 epr share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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