(Alliance News) - The board of directors of Defence Tech Holding Spa on Tuesday approved the draft financial statements for the year ended Dec. 31, 2022, which closed with a net profit of EUR4.2 million, registering a 12 percent increase from the previous year, when it was EUR3.7 million.

Revenues from sales amounted to EUR19.5 million, up from EUR17.3 million as of December 31, 2021, when it was EUR17.3 million, due to the positive performance of the Communication & Control System business line of EUR11 million, about 55 percent of the total, up 24 percent from EUR8.9 million as of December 31, 2021.

Value of production was approximately EUR27.1 million, up 19% from EUR22.6 million as of December 31, 2021.

Adjusted Ebitda was EUR8.1 million, up 20 percent from EUR6.7 million as of December 31, 2021. Adjusted Ebitda margin of 37 percent, is up from the December 31, 2021 figure of 35 percent.

Ebit is EUR5.9 million compared to EUR5.7 million as of December 31, 2021.

Net financial position is positive and EUR5.8 million, compared to positive EUR8.1 million as of June 30, 2022 and EUR12.3 million as of December 31, 2021.

Defence Tech Holding closed Tuesday's session in the green by 1.2 percent at EUR4.27 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.