(Alliance News) - Poligrafici Printing Spa reported Friday that it closed the first nine months with revenues down to EUR18.3 million from EUR20.8 million in the same period a year earlier.

EBITDA was EUR3.7 million, down from EUR4.7 million a year earlier. As a percentage of revenues, it dropped to 21.7 percent from 24.4 percent in the first nine months of the previous year.

Net income is EUR1.4 million, broadly in line with the previous year's result.

Net financial position shows debt of ERU6.9 million, in line with that as of December 31, 2022. This value includes the effect of the application of IFRS 16, which resulted in the recording of a higher debt of ERU9.3 million. Net cash and cash equivalents amounted to EUR2.4 million.

Poligrafici Printing's stock is unchanged at EUR0.32 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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