(Alliance News) - Openjobmetis Spa reported Tuesday that revenues for the first three months stood at EUR200.3 million compared with EUR183.0 million in the same period last year.

Net of the "Just on Business" operation, which brought in EUR27.1 million in higher revenues, administration volumes were in line with the slight market contraction. The subsidiary Family Care Srl, which specializes in the administration of caregivers for the elderly, reported an 11 percent increase in revenues.

Ebitda stood at EUR7.1 million compared to EUR6.0 million in Q1 2023 while Ebit rose to EUR4.7 million compared to EUR3.8 million in Q1 2023.

Net income improved to EUR2.7 million compared to EUR2.3 million in the first quarter of 2023.

Net financial position as of March 31, 2024 was negative EUR70.1 million from EUR36.1 million as of December 31, 2023, impacted by EUR46.3 million in connection with the acquisition of Just On Business.

Openjobmetis' stock is at parity at EUR16.35 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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