(Alliance News) - The board of directors of Omer Spa on Monday approved the consolidated half-yearly report as of June 30, which closed with a profit for the year of EUR3.7 million, down slightly from EUR3.9 million in the first half of 2022 due to an increase in interest rates payable, "amounting to EUR400,000, resulting from the factoring contracts in place with some customers," the company specifies in the note.

The value of production was about EUR33.0 million, up about 6 percent from EUR31.2 million in the first half of 2022. "This value, in addition to the turnover related to the products sold and the change in the value of the so-called Work in Progress, includes share of the price revisions recognized by the main customers against

against the relevant contractual clauses, which partially offset the increase in the costs of the main production factors recorded during the first half of the year," reads the released note.

Ebitda stood at EUR7.2 million, up 11 percent from EUR6.5 million in the first half of 2022, with the margin rising from about 21 percent to about 22 percent.

"These values are in line with the company's performance noted over the past 18 months, as a consequence of the current inflationary dynamics resulting, first, from the effects of the concluding part of the Covid-19 pandemic crisis and, lastly, from the consequences of the ongoing Russian-Ukrainian conflict," the company specifies.

Consolidated net financial position was positive and amounted to EUR16.9 million compared to a positive consolidated net financial position as of Dec. 31, 2022 of EUR9.6 million.

Omer on Monday trades in the green by 0.3 percent at EUR3.01 per share

By Maurizio Carta, Alliance News reporter

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