(Alliance News) - The board of Saccheria F.lli Franceschetti Spa on Friday approved the draft financial statements for the year ending Dec. 31, 2023, which closed with a net profit of EUR1.1 million, down from EUR1.2 million in 2022.

The board proposed an ex-dividend of EUR0.042 per share, following the extraordinary dividend of EUR0.043 last January.

Revenues stand at EUR17.8 million, up from EUR23.2 million in 2022.

Ebitda stands at EUR2.3 million, in line with EUR2.4 million in 2022. As a percentage of sales, it increases to 12.9 percent from 10.3 percent in 2022, "due to lower service costs and improved margins on sales," the company note says.

Ebit is EUR1.8 million, unchanged from EUR1.8 million in 2022.

Net financial debt is EUR1.2 million, an improvement from EUR5.3 million as of Dec. 31, 2022.

Saccheria Franceschetti closed Friday's session flat at EUR1.21 per share.

By Maurizio Carta, Alliance News reporter

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