(Alliance News) - Eles Semiconductor Equipment Spa reported Monday that it closed the first quarter with revenues of EUR6.3 million, up 36 percent from the same period last year.

The share of service revenues stood at about EUR5.1 million and up 144 percent from March 31, 2022, accounting for 81 percent of consolidated sales revenues. The increase is related to the increase of the SEMI installed base and the contribution of services related to the new solutions launched on the market by the parent company in 2022 - Art MTX and SmartMTX - as well as the strong contribution of the Aerospace & Defense sector due to the integration process of CBL Electronics. The incidence of exports remains strong, accounting for 60 percent of consolidated sales revenues.

On a like-for-like consolidation basis, thus taking into account the acquisition of Campera Electronics Systems Srl from January 2022, they rise to EUR4.9 million or 6 percent from EUR4.7 million as of March 31, 2022.

In addition, the Eles board decided to appoint illimity Bank Spa as Euronext Growth Advisors and MIT SIM Spa as operator specialist, removing BPER Banca Spa from both positions.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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