(Alliance News) - The board of Somec Spa has reviewed and approved management data on consolidated revenues as of March 31, a period that ended with revenues of EUR87.5 million, marking a 1.0 percent increase over the same period last year.

Somec's chairman - Oscar Marchetto - commented, "Revenues for the quarter once again confirm the resilience of sales and the soundness of our business choices. The more than good performance of the Horizons division, thanks to the dynamism of the U.S. civil sector and ship refitting, made it possible to fully absorb the decline in Talenta's revenues, determined by a different timing in the execution of some works, and therefore destined to be reabsorbed during the year."

"I am also very pleased with the continued growth of the Mestieri division, which once again attests to the constant demand for high Italian craftsmanship around the world," he said.

Somec on Wednesday trades in the green by 4.1 percent at EUR15.40 per share.

By Maurizio Carta, Alliance News reporter

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