(Alliance News) - Cembre Spa reported Tuesday that it closed the first quarter with a net profit of EUR9.7 million from EUR10.9 million as of March 31, 2023.

Sales revenues for the period stood at EUR58.7 million from EUR57.9 million in Q1 2023.

Ebitda as of March 31 was EUR16.5 million from EUR17.8 million in 2023, and Ebit was EUR13.3 million from EUR14.7 million.

The consolidated net financial position changed from a positive balance of EUR10.7 million as of March 31, 2023 to a positive balance of EUR14.4 million as of March 31.

Investments made by the group in the first quarter of 2024 amounted to EUR6.4 million, up from the same period in 2023, when they amounted to EUR3.9 million.

Cembre trades in the green by 0.6 percent at EUR44.10 per share.

By Claudia Cavaliere, Alliance News reporter

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