(Alliance News) - Indel B Spa reported Wednesday that it closed the first half of the year with a profit up to EUR9.2 million from EUR6.2 million related to the same period last year.

As of June 30, consolidated revenues stood at EUR124.4 million, up 5.1 percent from EUR118.3 million in the first half of 2022.

Ebitda for the period was EUR15.8 million, up 7.6 percent from EUR14.6 million in H1 2022. Adjusted Ebitda is EUR16.2 million, down 6.7 percent from EUR17.4 million in 2022.

Ebit was EUR12.6 million, up 16 percent from EUR10.8 million in 2022, and adjusted Ebitd was EUR13.1 million from EUR14.0 million in H1 2022.

Net financial position as of June 30 is negative EUR20.7 million from negative EUR28.5 million as of December 31, 2022.

On the future, "expectations in the medium to long term, barring significant changes in the macroeconomic and geopolitical environment, remain good, both in relation to the foreseeable market trends and the specific actions the group is taking, aimed particularly at developing the Leisure, Hospitality and Cooling Appliences markets," the company explained in a note.

Indel B's stock is unchanged at EUR23.10 per share.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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