(Alliance News) - Immsi Spa announced Tuesday that its board of directors approved the half-year report as of June 30, reporting a net profit of EUR47.1 million, up 27 percent from EUR24.4 million in the same period of 2022.

Revenues amounted to EUR1.28 billion, up from EUR1.07 billion in the first half of 2022.

Ebitda is EUR183.4 million from EUR149.4 million in the first half of the previous year.

Consolidated Ebit is EUR108.5 million, up 34 percent from EUR81.2 million as of June 30, 2022.

Consolidated Net Financial Position is negative EUR767.2 million, from negative EUR758.3 million as of June 30, 2022.

As for the future, with reference to the industrial sector, "despite the complex macroeconomic context, Piaggio, thanks to a portfolio of iconic brands, confirms that it continues to pursue marginality and productivity targets in the management of production, logistics and procurement costs in the management of all international markets in line with the first half of the year," the company specified in a note. In addition, "thanks to productivity improvements, the temporary slowdown in the Asian region, where a growth rate of 23 percent over the past five years is consolidated, will be offset. The markets of India, Europe and the U.S. remain positive despite the increase in interest rates in the last 12 months. Because of this, the planned investments in new products in the two-wheeler and commercial vehicle sectors and the consolidation of its commitment to ESG issues are confirmed."

Regarding the naval sector, "with Intermarine, production advances related to orders acquired will be developed in the coming months."

Finally, with reference to the real estate and holding sector, and in particular the subsidiary Is Molas, "it will continue the activities aimed at marketing and renting the residences built as well as increasing the Resort's customers in its new design proposal of accommodation, golf facilities and the Is Molas Beach Club," the company further specifies.

The board of directors, which met following the death of chairman Roberto Colaninno, also redefined corporate governance: Matteo Colaninno was appointed executive chairman, Michele Colaninno retains the positions of managing director and general manager, board member Daniele Discepolo retains the position of vice chairman, and Fabrizio Quarta was co-opted as a new member. The number of directors is unchanged.

Immsi trades up 2.5 percent at EUR0.50 per share.

By Chiara Bruschi, Alliance News reporter

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