(Alliance News) - The board of directors of Landi Renzo Spa reported that the company posted a loss of EUR20.9 million in the first half of the year, worsening from a loss of EUR6.6 million as of June 30, 2022.

Consolidated revenues amounted to EUR151.8 million, up 5.1 percent from EUR144.4 million in the same period last year.

Adjusted Ebitda is EUR3.9 million compared to EUR6.5 million as of June 30, 2022.

Group Net Financial Position is negative and equal to EUR103.9 million from negative and equal to EUR92.3 million as of Dec. 31, 2022.

Landi Renzo on Monday closed 1.1 percent in the red at EUR0.53 per share.

By Claudia Cavaliere, Alliance News reporter

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