(Alliance News) - The board of directors of DBA Group Spa on Friday approved financial results as of June 30, a period that ended with a positive net result of EUR2.6 million, an improvement over the net result for the first half of 2022, which was a loss of EUR300,000.

Value of production in the first half of 2023 was EUR47.9 million, up 28 percent from the same period in 2022.

Ebitda for the first half of 2023 was EUR5.0 million - with an Ebitda margin of about 10% - up from the previous year's half-year when it was EUR1.9 million.

Ebit for the period is positive at EUR2.9 million, an improvement over the first half of 2022, which was negative by minus EUR100,000.

Net financial position worsened by EUR3.7 million in 1H2023 from EUR12.7 million at the end of FY2022 to EUR16.3 million as of June 30, 2023.

DBA Friday trades in the green by 4.1 percent at EUR1.80 per share

By Maurizio Carta, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.