(Alliance News) - DiaSorin Spa reported Monday that it closed the first half of the year with adjusted net income of EUR120 million from EUR113 million as of June 30, 2023.

Revenues in the period stood at EUR589 million from EUR576 million in the first half of 2023.

Adjusted Ebitda as of June 30 amounted to EUR198 million from EUR190 million a year earlier, while adjusted Ebit was EUR153 million from EUR144 million in 2023.

With an eye to the future, the company said it has improved guidance, with post-Covid revenues growing between 6 percent and 7 percent and adjusted Ebitda margin of about 33 percent.

Consolidated net debt is negative EUR781 million from negative EUR776 million as of Dec. 31, 2023.

Free cash flow is papri to EUR91 million as of June 30 from EUR104 million as of June 30, 2023.

DiaSorin is in the red by 1.6 percent to EUR102.75 per share.

By Claudia Cavaliere, Alliance News reporter

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