(Alliance News) - The board of directors of B&C Speakers Spa has approved the group's interim report for the first nine months. Group net income at the end of the first nine months of 2023 amounted to EUR11.7 million and represented 16 percent of consolidated revenues with an overall increase of 48 percent compared to the corresponding period of 2022.

The group's target market confirmed during the first nine months a great dynamism in continuity with the best performance in 2022.

Consolidated sales thus reached a record high of EUR71.2 million, resulting in an increase of 23 percent compared to the value for the first nine months of 2022, when it stood at EUR58.1 million.

Ebitda for the first nine months was EUR17.50 million, an increase of EUR3.7 million compared to the same period in 2022.

An improvement is also observed in terms of Ebitda margin with the figure reaching 25 percent of revenues for the period compared to 24 percent for the same period in 2022.

The overall Net Financial Position is negative and stands at EUR3.4 million compared to a figure that was also negative at EUR9.4 million at the end of fiscal year 2022.

B&C Speakers on Tuesday trades in the green by 1.3 percent at EUR16.20 per share

By Maurizio Carta, Alliance News reporter

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