Next Re closes first half year with loss; Ebitda also negative

(Alliance News) - Next Re SIIQ Spa reported Thursday that it closed the first half of the year with a loss of EUR6.1 million compared to a profit of EUR200,000 as of June 30, 2022.

Preliminary Ebitda for the first half of the year was negative and estimated at minus EUR1.9 million compared to the similarly negative EUR500,000 for the first half of 2022.

Preliminary equity is estimated at EUR79.8 million as of June 30 compared to EUR85.9 million as of December 31, 2022.

Preliminary total financial debt is estimated at EUR58.3 million as of June 30 compared to EUR53.2 million as of December 31, 2022.

Preliminary Net Loan to Value is estimated at 44 percent as of June 30 compared to 39 percent as of Dec. 31, 2022.

On Thursday, Next Re closed flat at EUR3.34 per share.

By Claudia Cavaliere, Alliance News reporter

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