(Alliance News) - The board of directors of Sebino Spa announced Wednesday that it reported a net profit of EUR6.6 million in the year ended Dec. 31, 2022, down from EUR7.2 million in the same period last year.

Value of production stands at EUR73.0 million, up 25 percent from EUR58.3 million.

Ebitda increases to EYR10.7 million, down 1.7 percent from EUR10.9 million in 2021 and with an Ebitda margin of 18.6 percent.

Net financial debt is cash positive EUR12.6 million from a cash positive EUR4.9 million.

"Thanks to the size of the order book at the end of the year, the company faces 2023 with optimism. The impacts of the health emergency do not appear to be present at present. Positive signs continue, particularly from logistics intended to serve major players in international e-commerce and retail. No negative impacts are expected from the military events in Ukraine, as the group has no credit exposures to the belligerent countries. It is, however, foreseeable that there will be a further impact on commodity prices, particularly steel, to which the group is exposed due to purchases of pipes used in firefighting systems, and potentially on energy prices," the company explained in a note.

Sebino on Wednesday closed in the green by 1.8 percent at EUR5.82 per share.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.