Kardan N.V. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was EUR 2.62 million compared to EUR 2.65 million a year ago. Revenue was EUR 3.46 million compared to EUR 3.39 million a year ago.

Net income was EUR 33.23 million compared to net loss of EUR 14.49 million a year ago. Basic loss per share from continuing operations was EUR 0.48 compared to EUR 6.14 a year ago. Basic earnings per share was EUR 1.35 compared to basic loss per share of EUR 5.9 a year ago.