(Alliance News) - Elsa Solutions Spa reported that it ended 2023 with a net profit of EUR1,289 compared to EUR703,000 as of Dec. 31, 2022.

Sales revenue in the period stood at EUR19.3 million from EUR15.3 million in 2022 and up 26 percent.

Ebitda in 2023 amounted to EUR2.7 million from EUR1.4 million in the previous year.

Ebit 2023 was EUR2.2 million from EUR1.1 million in 2022.

Net financial debt was EUR5.4 million compared to EUR6.4 million as of Dec. 31, 2022.

The backlog as of Dec. 31 amounted to EUR11.4 million.

Elsa Solutions on Wednesday closed in the green by 3.6 percent at EUR4.66 per share.

By Claudia Cavaliere, Alliance News reporter

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