(Alliance News) - The board of directors of Cofle Spa on Tuesday reviewed its 2023 unaudited consolidated turnover, which was EUR60.9 million, up 13 percent from 2022, when it was EUR53.7 million.

Walter Barbieri - president and CEO of Cofle - commented, "The continued growth in our revenues confirms our resilience in overcoming market challenges and our ability to recognize and capitalize on promising opportunities. We look forward with confidence, maintaining a focus on a strategy that focuses on innovation and the discovery of new market horizons, as evidenced by the recent strategic partnership announced in December with a leading international machinery manufacturer in the construction sector, a sector not yet manned by the group."

"In addition, our partnership with INEOS Automotive will continue this year, with a projected 2024 turnover of EUR3.8 million, which further strengthens our position in the sector and confirms the success of our strategic initiatives. Finally, I would like to mention the appointment of Dario Frigerio, which took place after the close of the year, as the new Director of the OE division and which we consider strategic for the future."

Cofle closed Tuesday's session flat at EUR8.00 per share

By Maurizio Carta, Alliance News reporter

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