(Alliance News) - The board of GVS Spa on Tuesday approved its annual report as of Dec. 31, which closed with a net profit of EUR13.6 million compared to EUR24.1 million in the previous year.

Revenues were EUR424.7 million compared to EUR387.6 million in the previous year.

Ebitda was EUR95.1 million, up 20 percent.

Ebit was EUR67.4 million compared to EUR54.8 million.

Adjusted NFP was EUR252.1 million from EUR48.3 million last year.

GVS, the note said, expects to achieve low-to-mid single-digit growth in consolidated sales in fiscal 2024 compared with fiscal 2023 and a normalized Ebitda margin growing between 100 and 200 basis points compared with fiscal 2023.

GVS on Tuesday trades in the red by 1.7 percent at EUR6.78 per share.

By Maurizio Carta, Alliance News reporter

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