(Alliance News) - Immsi Spa reported Thursday that it ended 2022 with "the best results ever, setting new records for all indicators," according to the official note. As of Dec. 31, 2022, the company reported a net profit of EUR63.9 million from EUR35.4 million in 2021. The board also proposed a dividend of EUR3.9 cents per share from EUR3 cents in the previous fiscal year.

Revenues rose 24 percent to EUR2.12 billion, up from EUR1.70 billion in 2021, an all-time high for the company.

Broken down by sector, the company points out that the Piaggio group sold a total of 625,000 vehicles worldwide compared to 536,000 in 2021, recording record consolidated revenues of EUR2.09 billion from EUR1.67 billion in 2021.

In the Marine sector, Intermarine as of December 31, 2022 reported consolidated revenues of EUR34.1 million and the order backlog as of December 31, 2022 was approximately EUR30.2 million.

Finally, the Real Estate and Holding business segment had net revenues of EUR4.6 million as of December 31, 2022 from EUR2.8 million as of December 31, 2021.

Ebitda for 2022 amounted to EUR287.3 million up 25 percent from EUR230.5 million in the previous year. Ebitda, like revenues, is also "the highest value ever recorded." Ebitda margin is about 14 percent, stable compared to 2021.

Consolidated Ebit is EUR143.7 million, up 47 percent from EUR97.8 million in 2021. Ebit margin stands at 6.8 percent from 5.7 percent % in 2021.

Immsi group's net debt as of December 31, 2022 was EUR731.7 million, an improvement from EUR764.2 million at the end of 2021 due to positive business performance and careful working capital management.

In 2022, the Immsi group reported investments of EUR154.5 million from EUR165 million in 2021.

The group's equity as of December 31, 2022 amounted to EUR408.9 million from EUR390.9 million at the end of 2021.

As for the future, the group "will continue its growth path by maintaining a constant focus on the efficient management of its economic and financial structure, to respond in an agile and immediate way to the challenges of 2023."

Piaggio will also continue its growth path in 2023, "confirming its planned investments in new products and new plants and reinforcing its commitment to ESG issues, despite the current international geopolitical tensions and a volatile macroeconomic environment," a note says.

With reference to the naval sector, "in 2023, production advances related to acquired orders and feasibility studies will be developed, pursuing several negotiations, both in the Defense and Fast Ferries sectors, aimed at acquiring additional orders that would allow to increase the acquired order book and consequently guarantee the company conditions that would allow it to optimize production capacity for the coming years," the company explains.

Finally, with reference to the real estate and holding sector, and in particular the subsidiary Is Molas, "during 2023 it is planned to continue the extraordinary maintenance works of the currently existing tourist-hotel facilities, while waiting to be able to realize the overall real estate project, in order to adapt the services to the standards of the target customers identified for the development," the company concludes.

Immsi trades in the green by 3.7 percent at EUR0.60 per share.

By Chiara Bruschi, Alliance News reporter

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