G Rent closes 2023 at a loss, drops production value

(Alliance News) - G Rent Spa reported that it closed 2023 with a production value of EUR1.1 million compared to EUR1.7 million in the previous year.

The 2022 figure, however, included the EUR317,000 tax credit.

Contribution margin dropped to EUR311,000 from EUR450,000 while turnover dropped to EUR1.2 million from EUR2.0 million.

Ebitda was negative EUR908,000 from the negative figure of EUR723,000 a year earlier while net loss widened slightly to EUR1.1 million from EUR1.0 million in 2022, despite the elimination of provisions following a major collection.

Financial debt as of Dec. 31, 2023 is EUR317,000 positive from EUR361,000 at the end of June last year.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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