(Alliance News) - Servizi Italia Spa on Tuesday reported that it closed the first nine months of the year with a consolidated net profit of EUR5.8 million from EUR3.8 million in the same period last year.

As of Sept. 30, consolidated revenues stood at EUR55.0 million from EUR45.7 million in 2022.

In the first nine months, consolidated Ebitda amounted to EUR55.0 million from EUR45.7 million last year.

Consolidated Ebitda is EUR12.5 million from EUR3.2 million in the first nine months 2022.

Net financial debt is EUR122.1 million from EUR119.0 million as of December 31, 2022.

Looking to the future, "Management, in its medium-term strategy, despite the uncertainty of a situation resulting from an instability in energy fundamentals and raw material costs that is expected to persist also in the latter part of the 2023 financial year, envisages an organic consolidation of the leadership position in the Italian and foreign markets and a continuous search for optimization and efficiencies. The group will continue to work to target goals and meet commitments and aims to preserve a financially sound situation through adequate financial balance and good creditworthiness with banking institutions," the company explained in a note.

Servizi Italia is unchanged at EUR1.61 per share.

By Claudia Cavaliere, Alliance News reporter

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