(Alliance News) - Fervi Spa reported Thursday that it closed the first half of the year with consolidated sales revenues of EUR29.5 million, up from EUR29.3 million in the same period in 2022.

Consolidated adjusted EBITDA, excluding nonrecurring costs, was EUR4.8 million from EUR4.7 million in 2022.

Consolidated adjusted net income, which excludes nonrecurring costs and the amortization of know-how from the acquisition of Rivit Srl in 2021, amortized over four years, net of related taxes, is EUR2.9 million from EUR2.8 million in the first half of 2022. Consolidated net income is EUR2.3 million, stable year-on-year.

Consolidated net financial position is negative and EUR9.4 million as of June 30 versus net debt of EUR11.2 million as of December 31, 2022.

Fervi's stock is unchanged at EUR15.70 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.