(Alliance News) - Spindox Spa reported Wednesday that in the first nine months of the year it achieved a value of production of EUR73.2 million, up 27 percent compared to the same period last year, thanks to higher volumes achieved within the Manufacturing & Retail, Automotive, Diversified Industries, Fashion and IT Security Services sectors, the company specified in a note.

Ebitda amounted to EUR5.4 million, up nearly 21 percent compared to Sept. 30, 2022, with margins rising to 7.4 percent of value of production from the 7.8 percent recorded at the end of the first nine months of 2022.

Subsidiary Oplium Italia Srl, established at the beginning of 2022 and operating in the cybersecurity field, posted a value of production of EUR2.1 million in the first nine months of 2023 compared to the amount of EUR400,000 as of September 30, 2022.

The value of production of Deep Consulting Srl, the latest company to join the group, amounted to EUR6.8 million.

Consolidated net financial debt as of Sept. 30 was EUR7.2 million, compared to EUR3.9 million as of Dec. 31, 2022.

"We are continuing on the growth path that characterized the first half of 2023, achieving also in the third quarter a performance in line with our expectations and those of analysts," said Giulia Gestri, chairwoman of Spindox's board of directors.

"We feel that the leap forward we made in cybersecurity services in particular is significant, just over a year after setting up Oplium Italia. The decision to invest in this offering segment has been rewarded. Also good was the growth in services aimed at the manufacturing world, the automotive industry and the fashion sector. We want to continue on the path of market diversification and expansion of the client portfolio."

Spindox's stock closed Wednesday in the green by 1.9 percent at EUR8.20 per share.

By Chiara Bruschi, Alliance News reporter

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