(Alliance News) - CleanBnB Spa announced that it has approved the draft financial statements for the year ended Dec. 31, having reported a loss of EUR155,305, an 86 percent improvement from a loss of EUR1.2 million in 2021.

Consolidated revenues amounted to EUR9.4 million from EUR4.0 million in the same period of the previous year and a triple-digit improvement of 136 percent.

Ebitda is EUR343,222 a marked improvement from negative EUR761,000 in 2021.

Net financial position is negative EUR3.8 million, up 32% from EUR2.8 million in 2021.

In terms of management data, during 2022 CleanBnB recorded further growth in its portfolio of managed properties, which approached 1,600 units distributed in 60 Italian locations, mostly under the "FULL package" formula of exclusive management.

The total number of stays managed by CleanBnB during 2022 of the year was 67,101, an increase of 116% over the year 2021, and 156% higher even than the result of 2019, before the impact of the Covid-19 pandemic. This operating result was also reflected in the gross booking volume, i.e., receipts from guests for managed stays, which exceeded EUR26.2 million, more than double the 2021 figure, and more than triple the 2019 figure.

With an eye to the future, "However, the company remains particularly attentive to the evolution of the short-stay rental market, with particular reference to the industry's reference legislation, which could be

subject to innovations during 2023. CleanBnB remains ready to adapt its offerings to market evolutions and to continue the work of expansion to the traditional medium/long-term rental sector, and real estate purchases and sales in the residential sector," the company noted in a note.

CleanBnB on Thursday closed down 0.5 percent at EUR1.08 per share.

By Claudia Cavaliere, Alliance News reporter

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