(Alliance News) - Esautomotion Spa announced Thursday that in the year ended Dec. 31, 2022, it reported a net profit of EUR5.1 million from EUR5.0 million in the same period last year.

The company proposed the distribution of a dividend of EUR0.10 per share.

Revenues amounted to EUR34.0 million from EUR28.6 million as of Dec. 31, 2021, up 19 percent.

Ebitda is worth EUR8.6 million from EUR8.0 million and up 8.1% on the previous year.

Net financial position is negative EUR10.7 million from negative EUR10.5 million as of Dec. 31, 2021.

Looking ahead, "The group will continue to strive to improve its operating income, albeit in the uncertain economic and financial environment due to the shortage of semiconductor components and difficulties in global supply chains. The company has no operations in the geographical areas most at risk from the Russian-Ukrainian conflict. Esautomotion's substantial order backlog as well as that of our customers, does not suggest any negative downturns in revenue trends for the coming months," the company explained in a note.

Esautomotion on Thursday closed down 0.9 percent at EUR4.41 per share.

By Claudia Cavaliere, Alliance News reporter

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