(Alliance News) - The Italian Sea Group Spa on Thursday announced that its board of directors approved the consolidated half-year financial report as of June 30, which closed with a group net profit that reached EUR13.6 million compared to EUR7.6 million in the first half of 2022.

Consolidated revenues in the first half of 2023 amounted to EUR165.9 million, up 24 percent from EUR133.6 million recorded in the first half of 2022.

Ebitda is EUR27.2 million, up 37% from EUR19.9 million as of June 30, 2022 and with an Ebitda margin of 16% compared to 15% in the same period of the previous year.

Ebit was EUR21.7 million, up 42% from EUR15.2 million recorded in the same period last year, with a margin on revenues of 13% compared to 11% in the first six months of 2022.

Net financial debt was EUR19.2 million as of June 30, compared with net financial debt of EUR11.3 million as of December 31, 2022.

In light of the first-half results, the company reaffirms its full-year guidance by positioning itself at the higher end of the range, with revenues of EUR365 million and Ebitda margin of 16.5 percent.

Italian Sea Group trades up 6.6 percent at EUR7.96 per share.

By Maurizio Carta, Alliance News reporter

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