(Alliance News) - The following stocks are the best and worst performers on Italy Growth Monday afternoon in Piazza Affari.

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WINNERS

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Yolo Group rises 9.6 percent to EUR1.62 per share. The company on Thursday announced that it has finalized the terms and conditions of a paid, divisible capital increase to be offered under option to shareholders and convertible bondholders.

Thus, the board of directors resolved to issue a maximum of 4.5 million new ordinary shares in the ratio of 47 newly issued shares for every 100 option rights held, to be paid up in cash, at a unit subscription price of EUR1.797, for a total maximum amount of EUR8 million.

The company explained that the transaction is aimed at raising the necessary financial resources for the implementation of the business plan to 2026, which envisages three strategic directions: development of the international presence, consolidation of the phygital distribution model, and increase of the supply portfolio, both for the Retail and SME segments.

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Also doing well is eVISO, up 7.5 percent to EUR1.95 per share. The company last week reported that in the six months from July to December it reported revenues of EUR109.1 million from EUR145.4 million in the same six months 2022.

Ebitda in the period stood at EUR5.4 million from EUR100,000 in the first half of 2022.

Net income was EUR2.4 million from a loss of EUR1.0 million in H1 2022.

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LOSERS

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Down goes TMP Group, down 16 percent to EUR2.14 per share. The company over the weekend reviewed and approved its draft consolidated financial statements as of December 31, which closed with a loss of EUR1.2 million compared to a net profit of EUR600,000 as of December 31, 2022.

In the year under review, consolidated revenues stood at EUR5.6 million, down 12 percent on the previous year.

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By Claudia Cavaliere, Alliance News reporter

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