(Alliance News) - Neodecortech Spa reported Thursday that it reported a consolidated net profit of EUR3.6 million in the first half of the year compared to a profit of EUR8.1 million as of June 30, 2022.

Revenue stood at EUR86.4 million, down 13 percent from EUR99.2 million in the same period last year.

Ebitda amounted to EUR9.2 million, down 15 percent from EUR10.9 million as of June 30, 2022.

Ebit was EUR4.6 million from EUR6.1 million in 2022.

Net financial debt as of June 30 was EUR32.1 million from EUR34.2 million last year, after incurring investments of EUR3.4 million.

Looking ahead, the group at the moment believes it can achieve the targets set in the 2023 budget, the company explained in a note.

Neodecortech closed Thursday 3.4 percent in the red at EUR3.17 per share.

By Claudia Cavaliere, Alliance News reporter

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