(Alliance News) - Valsoia's board of directors on Monday approved the results for the 2023 financial year, closing with a net profit for the period of EUR7.2 million, down from the previous year's EUR8.0 million, with the percentage ratio standing at 6.4 percent of revenues compared to 7.9 percent in the same period 2022. The board proposed the ex-dividend of EUR0.38 per share, confirming this amount also detached in the previous year.

In the year 2023 the company reported sales revenue of EUR112.82 million with an increase from EUR101.32 million in 2022.

Ebitda was EUR12.51 million, up slightly by 0.5 percent from the previous year when it was EUR12.4 million, registering a margin of 11.1 percent compared to 12.3 percent in FY2022.

"The reduction in the percentage Ebitda margin is clearly attributable to the confirmation of a level of the margin in absolute value, related to a significant growth in revenues in the year," the released note reads.

Earnings before tax amounted to EUR10.36 million, down 6.3 percent toward previous year, with a percentage of sales revenue at 9.2 percent compared to 10.9 percent in fiscal 2022.

As of Dec. 31, 2023, the company's Adjusted Net Financial Position was approximately EUR27.3 million, in line with the beginning of the year.

Valsoia on Monday trades in the green by 1.3 percent at EUR9.72 per share.

By Maurizio Carta, Alliance News reporter

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