(Alliance News) - Biesse Spa reported Tuesday that it closed the first quarter with a profit of EUR2.8 million from EUR12.3 million as of March 31, 2023.

Consolidated net revenues for the period stood at EUR195.8 million from EUR209.5 million in Q1 2023.

Ebitda as of March 31 amounted to EUR16.8 million from EUR28.0 million in 2023, while Ebit was EUR6.6 million from EUR18.4 million.

Net financial position was EUR2.3 million positive as of March 31.

Order backlog in the period amounted to EUR297 million from EUR278 million as of Dec. 31, 2023.

By Claudia Cavaliere, Alliance News reporter

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