RACING FORCE S.P.A. (Alliance News) - Racing Force Spa reported Wednesday that it made a profit of EUR4.8 million in 2023, down 7.7 percent from EUR7.6 million in 2022.
The Board of Directors decided to propose confirmation of the dividend at EUR0.09 per share, in line with the dividend paid in 2023 from 2022.
Revenues amount to EUR62.6 million from EUR58.9 million in the previous year.
Ebitda increases to EUR9.6 million from EUR11.7 million in 2022.
Ebit is EUR6.3 million up 10% from EUR8.8 million in 2022.
Net financial position is EUR3.2 million from net debt of EUR4.4 million, partly due to the capital increase executed in January 2023, as well as cash generated during the period from operations, net of investments during the year.
As for 2024, "the level of orders collected in the first quarter globally, which has never been so high, confirms our growth expectations for the current season as well. The strategies implemented and the continuous commitment of all Racing Force people, starting with our technicians within the R&D laboratories at the group's main operating locations, will allow us to achieve increasingly important results in the coming periods," points out Paolo Delprato, president and CEO of Racing Force.
Racing Force's stock closed Wednesday at parity at EUR4.38 per share.
By Chiara Bruschi, Alliance News reporter
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