(Alliance News) - Longino & Cardenal Spa on Tuesday reported that it closed fiscal year 2024 with a loss of EUR500,000, an improvement from one of EUR1.2 million as of Dec. 31, 2022.

Sales revenue for the period stood at EUR35.8 million from EUR31.7 million in 2022 and up 13 percent.

Constribution margin is EUR8.3 million from EUR6.9 million in 2022 and up 21%.

Ebitda is positive EUR800,000 from negative EUR700,000 in 2022.

Net financial debt is EUR6.8 million from EUR5.4 million as of Dec. 31, 2022.

On Tuesday, Longino & Cardenal closed down 0.8 percent to EUR2.56 per share.

By Claudia Cavaliere, Alliance News reporter

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