(Alliance News) - IRCE Spa reported Monday that it reported first-quarter sales of EUR113.2 million from EUR126.1 million, down 10 percent from the same period last year.

Ebitda stood at EUR5.5 million from EUR5.4 million as of March 31, 2022.

Ebit was EUR3.6 million as of March 31 from EUR3.2 million in the first quarter of 2022.

Parent company profit is EUR3.6 million from EUR1.7 million as of March 31, 2022.

Net financial position as of March 31 amounted to EUR59.0 million, down from EUR59.9 million as of Dec. 31, 2022, due mainly to cash generated from operations.

IRCE on Monday closed down 1.2 percent at EUR2.42 per share.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.