(Alliance News) - Edil San Felice Spa closed 2023 with an operating profit of EUR8.5 million, up 79% from EUR4.8 million as of December 31, 2022.

Value of production amounted to EUR45.8 million, up 34% from EUR34.3 million in 2022.

Ebitda in the period is EUR11.6 million, up 69% from EUR6.9 million and with an Ebitda margin of 25.2% from 20.1% in the previous year.

Backlog is EUR81.5 million, up 25% from EUR64.5 million in 2022.

Net debt is EUR5.1 million of net cash compared to EUR2.1 million as of Dec. 31, 2022.

Lorenzo Di Palma, CEO of Edil San Felice, commented, "2023 was a historic year for Edil San Felice, with the decision to open up to the market through the IPO in September 2023. The trust that investors place in us on a daily basis is pushing us toward new goals and growth that is perfectly reflected in the financial results we have approved, with production value up 34 percent, Ebitda up 69 percent-with improved margins as a percentage-and net income amounting to EUR8.5 million, which further strengthens our capital structure."

"Results that confirm how the market is rewarding a reliable, solid and versatile reality like Edil San Felice. For the near future we expect a trend in line with the growth in demand for increasingly safe infrastructure that we are witnessing. The record results for 2023, the ambitions we have for 2024, and the exceptional visibility on our order book allow us to look forward with strengthened confidence and achieve the goals set at the time of listing."

By Claudia Cavaliere, Alliance News reporter

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