(Alliance News) - The board of directors of Prsmi Spa approved the financial results as of Dec. 31, closing with a consolidated net result showing a loss of about EUR10.8 million for the year 2022, compared to EUR6.0 million in 2021, with the parent company's net loss amounting to EUR9.0 million from EUR5.15 million in 2021.

Consolidated value of production, is EUR20.4 million, with the parent company marking a decrease of 3 percent from December 31, 2021. "The consolidated increase figure of 13% is affected by the deconsolidation of the first half of 2021 of the former Wellnet: from the "proforma" schedule, the consolidated increase was 1%.

Consolidated EBITDA is EUR300,000 and is down from EUR2.12 million in FY 2021 - down 86% - bringing the Ebitda ratio to that figure from 12% in 2021 to 1.5% in 2022.

Consolidated Ebitda was negative EUR8.7 million, a deterioration from the result for the same period 2021, which was negative EUR4.0 million. The deterioration is mainly seen in the parent company and the investee H2HCP.

The consolidated pre-tax result for the year 2022 is negative by approximately EUR11.1 million compared to a negative result of EUR6.8 million achieved in the year 2021.

The net financial position of Prismi Spa is a liability of EUR17.7 million and shows an increase of approximately EUR1.73 million at the end of FY 2021 as a reflection of the dynamics between issuances and repayments, of bonds, and of the new bank loan.

EUR500,000 of capital increase is planned for the year 2024, last quarter 2024.

The board also approved the new business plan to 2027, which includes a 2023 production value of EUR14.2 million, with an Ebitda for 2023 of EUR1.6 million.

Also, a 2027 production value of EUR22.0 million with Ebitda for the same year of EUR4.6 million.

Prisms closed Wednesday's session in the red by 3.0 percent to EUR0.11 per share

By Maurizio Carta, Alliance News reporter

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