(Alliance News) - Marzocchi Pompe Spa on Monday reported that in 2023 it achieved total revenues of an all-time high of EUR49.7 million, up from EUR48.5 million as of Dec. 31, 2022.

The company ended the period with net income up 53 percent to EUR3.0 million from EUR1.9 million in 2022.

In addition, a dividend for EUR0.20 per share was proposed, from one for EUR0.15 per share in 2022.

Ebitda in 2023 stood at EUR8.1 million from EUR7.6 million in 2022 and with a margin of 16.4 percent up from 15.4 percent.

Adjusted Net Financial Position is EUR5.3 million of debt from EUR7.8 million as of December 31, 2022.

Gabriele Bonfiglioli, CEO of Marzocchi Pompe, commented, "2023 was a good year for Marzocchi Pompe. We recorded an excellent result in terms of revenues and especially margins, demonstrating the strength of our business model and the ability

of our team to work in synergy to achieve ambitious goals. In a market context in which flexibility, quality and a high level of technology are increasingly crucial, Marzocchi Pompe is increasingly confirming itself as a reliable and innovative partner for its customers."

"We look to 2024 with awareness of the challenges ahead, but also with great confidence in our capabilities. We will continue to stand by our customers, expanding our geographic and application coverage and offering customized and innovative solutions. At the same time, we will intensify our efforts to improve operational efficiency, both logistically and industrially, taking further steps toward unifying our two production facilities."

"With its financial strength, its ability to innovate and its strong commitment to customers, Marzocchi Pompe is well positioned to meet the challenges of the future and achieve new goals."

On Monday, Marzocchi Pompe closed in the green by 2.6 percent at EUR3.98 per share.

By Claudia Cavaliere, Alliance News reporter

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