(Alliance News) - Ariston Holding's board of directors has approved the annual report for the year ended Dec. 31, 2023, which closed with net income for the year reaching EUR191.2 million, up from EUR140.3 million in 2022.

The board will propose to the shareholders' meeting a dividend of EUR0.17 per share, up 31 percent from EUR0.13 a year earlier.

Net revenues were EUR3.09 billion with 30 percent growth over 2022. "Growth was led by the Thermal Comfort division in Europe, with a significant contribution from the acquisition of Wolf & Brink completed in January 2023," the company note says.

Ebitda stood at EUR417.1 million, up 47 percent from EUR283.5 million in the previous year, while Ebit stood at EUR285.7 million, up 48 percent from EUR193.7 million in 2022.

Net financial debt increased from EUR60.2 million in net cash as of Dec. 31, 2022 to EUR610.9 million in net debt as of Dec. 31, 2023.

Ariston Holding on Tuesday trades in the green by 1.1 percent at EUR5.58 per share.

By Maurizio Carta, Alliance News reporter

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