(Alliance News) - Clabo Spa reported Tuesday that its board of directors reviewed consolidated figures as of the first quarter of 2024, which closed with net sales of EUR15.2 million, up 0.5% year-on-year from EUR15.1 million.

Ebitda increased 19% to EUR3.1 million from EUR2.6 million in the first quarter of the previous year.

Total Net Financial Position, including IFRS 16 and ESMA effects, is EUR47.6 million, compared to EUR40.7 million as of December 31, 2023.

Confirmed orders in the first three months of 2024 are EUR17.2 million, down 2.8 percent compared to the first three months of 2023 due to the U.S. market, "which registers a significant slowdown as a consequence of the uncertainties related to the pre-election period together with the persistence of high interest rates that the Fed is struggling to reduce to counter the inflationary phenomenon," the company's note said.

Clabo's stock closed Tuesday up 4.6 percent at EUR2.52 per share.

By Chiara Bruschi, Alliance News reporter

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