(Alliance News) - EdiliziAcrobatica Spa reported on Wednesday that it achieved total revenues of EUR164.4 million in 2023, up 11 percent from the previous year, when they were EUR148.1 million.

The company, the note said, managed to contain the negative impact of the interruption of state incentives-which affected the Italian reference market-recording revenues of EUR118.5 million, down 12 percent from 2022.

Thus, the 2023 results were rewarded by the "strategy of business diversification and investment that Acrobatica has been pursuing for a few years now": revenues of the subsidiary Energy stood at EUR32.7 million; the subsidiary Enigma Capital Investments LLC in Dubai recorded revenues of EUR7.9 million; and in France revenues amounted to EUR3.9 million while in Spain they amounted to EUR1.2 million.

EdiliziAcrobatica's stock rises 2.4 percent to EUR12.95 per share.

By Chiara Bruschi, Alliance News reporter

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