(Alliance News) - Maps Spa reported that it ended 2023 with a value of production of EUR30.2 million compared to EUR27.5 million in the previous year.

Revenues rose to EUR27.5 million from EUR24.7 million, with recurring fee revenues accounting for 41.1 percent from 39.2 percent a year earlier, amounting to EUR11.0 million from EUR9.4 million.

Ebitda, on the other hand, dropped to EUR5.0 million from EUR5.9 million, with margin on sales falling to 18.1 percent from 23.8 percent.

Net income decreased to EUR900,000 from EUR2.7 million.

Net financial position was EUR12.5 million from EUR13.8 million as of Dec. 31, 2022, on which the capital increase resulting from the conversion of warrants inncreased. They positively offset, however, cash flows generated by operating activities, which amounted to EUR5.6 million from EUR1.5 million a year earlier.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.