(Alliance News) - Pattern Spa reported Monday that it reported a first-half net profit of EUR1.7 million, down from EUR1.9 million as of June 30, 2022.

Revenues were EUR72.1 million from EUR49.1 million, up 47 percent.

During the period, value of production reached EUR74.3 million from EUR50.3 million in the first half of 2022.

Ebit stood at EUR4.5 million from EUR3.8 million, while Ebitda amounted to EUR7.6 million from EUR5.5 million with Ebitda margin of 10.6 percent from 11.2 percent.

Net financial position is negative EUR15.4 million, compared to negative EUR13.9 million as of Dec. 31, 2022.

Looking ahead, the company let it be known that it can expect "for the year-end a continuation of the trends of the first half of the year - all exogenous conditions being equal. In ready-to-wear, pressures on prices and therefore on margins will have to be kept under control by continuing the industrial improvement and efficiency plan that is still underway, particularly on Dyloan Bond Factory," as stated in the released note.

Pattern on Monday closed flat at EUR7.30 per share.

By Claudia Cavaliere, Alliance News reporter

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