Telesia S.p.A.

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IT0005240046

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Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-04-29 am EDT			5-day change	1st Jan Change
2 ^EUR	0.00%		-4.76%	-13.04%

Mar. 21	Telesia reduces loss in 2023, increases debt	AN
2023	ITALY GROWTH WINNERS & LOSERS: Alfio Bardolla at the top; Fenix bad.	AN

Telesia reduces loss in 2023, increases debt

March 21, 2024 at 12:26 pm EDT

(Alliance News) - Telesia Spa reported Thursday that it closed 2023 with a net loss of EUR130,000, a marked improvement from the EUR310,000 red in 2022.

Revenues fell to EUR13.4 million from EUR13.7 million, and operating costs remained almost stable at EUR12.6 million.

Ebitda rose to EUR1.3 million from EUR1.1 million and operating income increased to EUR670,000 from EUR170,000. Pre-tax loss, on the other hand, decreased to EUR50,000 from EUR180,000 a year earlier.

Net financial position shows debt of EUR5.7 million from debt of EUR950,000 in the previous year while shareholders' equity decreased slightly to EUR14.9 million from EUR15.0 million.

Telesia's stock is unchanged at EUR2.18 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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Latest news about Telesia S.p.A.

Telesia reduces loss in 2023, increases debt	Mar. 21	AN
ITALY GROWTH WINNERS & LOSERS: Alfio Bardolla at the top; Fenix bad.	Dec. 14	AN
Telesia reduces losses in first half; debt rises	23-09-27	AN
Telesia S.p.A. Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-26	CI
Telesia, revenues increase in 2022; loss worsens	23-03-21	AN
Telesia S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-20	CI
Telesia, resignation of two board members	23-01-23	AN
Europeans expected to fall after Fed minutes	23-01-05	AN
Mib above 24,800 but oils hold back list	23-01-04	AN
Europeans still up; bearish oil on Mib.	23-01-04	AN
Europeans up, Paris best after inflation figure	23-01-04	AN
Telesia S.p.A. Reports Earnings Results for the Half Year Ended June 30, 2022	22-09-27	CI
Telesia S.p.A. acquired Class Servizi Televisivi Srl from Class Editori Spa for €6.4 million.	22-06-14	CI
Telesia S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2021	22-06-05	CI
Telesia S.P.A. Reports Earnings Results for the Half Year Ended June 30, 2021	21-09-28	CI
StarTip S.p.A. acquired 11.4% stake in Telesia S.p.A. from Class Editori S.p.A. for €1.5 million.	18-03-01	CI
Telesia S.p.A. has completed an IPO in the amount of €3.9945 million.	17-02-17	CI

Telesia SpA is an Italy-based company. The Company works in the multimedia telecommunications sector, specializing in the design, construction and management of video information and communication systems for public places and means of local public transport. The Company is a part of the Class Editori group. It offers the multimedia video device for local public transport providers looking to enhance the travel experience of their passengers, system that allows vehicles to be located in real time, as well as audio communication between the driver of the vehicle and the operator in the control room, an integrated software, modular and scalable system for broadcasting information and entertainment via an audio and video channel, the multimedia decoder, the cloud control system for managing and scheduling multimedia content to be broadcast on monitors managed, among others.

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