(Alliance News) - Civitanavi Systems Spa on Tuesday approved revenues for the nine months ended Sept. 30, closed with revenues that stood at EUR32.6 million compared to EUR19.8 million recorded in the first nine months of 2022.

"The same net of change in inventories of finished and semi-finished goods increased by 63 percent in the first nine months compared to the same period in 2022. The significant increase is mainly driven by the sale of goods, which more than doubled compared to the same period of the previous year -up 103 percent-, thanks to the boost of the Aerospace and Defense and Industrial divisions," the released note reads.

As of Sept. 30, the booking was EUR32.1 million, up 11 percent from Sept. 30, 2022.

Civitanavi Systems on Tuesday floated at EUR3.98 per share

By Maurizio Carta, Alliance News reporter

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