(Alliance News) - The following stocks are the best and worst performers on Italy Growth on Wednesday afternoon in Piazza Affari.

----------

WINNERS

----------

Alfonsino rises 23 percent -- the stock is suspended for excess volatility -- after announcing Tuesday that it reported revenues of EUR4.6 million in 2022, up 17 percent from EUR3.9 million a year earlier. Orders, on the other hand, rose 20 percent year-on-year to 550,000. "We welcome these figures with deep satisfaction, further demonstrating the goodness of the path taken commented Carmine Iodice, managing director of Alfonsino . Despite the continuing difficulties related to the adverse macroeconomic situation, we have continued to pursue the set objectives in a resolute manner and the growth recorded by orders and turnover confirms the consolidation of our position within the reference market."

----------

Ki Group gains 13%. The company has received a request for conversion of 10 bonds from Negma Group Investment. The conversion price is EUR0.006 and, therefore, the 10 bonds entitle Negma to subscribe for 16.7 million new ordinary shares of Ki Group, representing 22 percent of the latter's share capital.

----------

Well High Quality Food, up 7.9%, extending last month's gains by 17%. Over the past six months, however, the stock is down 23%.

----------

LOSERS

----------

Visibilia Editore is down 7.3 percent after receiving a bond conversion request from Negma Group Investment. The conversion price is EUR0.09 and the bond entitles the holder to subscribe for 111,111 new ordinary shares of Visibilia Editore, representing 2.9 percent of the latter's share capital.

----------

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.