(Alliance News) - Labomar Spa reported Thursday that in the first half of the year consolidated revenues amounted to EUR53.4 million, up 28 percent from EUR41.8 million in the same period last year.

Fifty-two percent of the performance was achieved in international markets thanks to the contribution of all Labomar Group companies, "which were able to seize every opportunity for growth, although in an environment that remains complex and sees general signs of a slowdown, due to inflationary pressure and reduced purchasing power of end consumers," the official note reads.

In the first half of the year, the turnover of the parent company Labomar alone was around EUR39.6 million, registering a 28 percent increase compared to the same period in 2022.

"I express satisfaction with the turnover levels achieved in these first six months. The figures confirm the group's ability to intercept customer needs by leveraging innovation, a culture of well-being and a genuine commitment to sustainability. Despite the complexity of the macroeconomic context and the appearance of some early signs of slowdown in several areas of our economy, the group continues on its growth path, confirming for the full year the assumption of achieving the results also indicated in the most recent estimates of reference analysts," commented CEO Walter Bertin.

On Thursday, Labomar closed 1.0 percent in the red at EUR10.00 per share.

By Claudia Cavaliere, Alliance News reporter

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