(Alliance News) - ABP Nocivelli Spa announced Wednesday that it has approved its consolidated half-year report as of Dec. 31, 2022, reporting a net profit of EUR5.9 million from EUR5.0 million and up 18 percent from the same period last year.

Revenues stood at EUR41.8 million from EUR23.8 million as of December 31, 2021 and up 76 percent.

Ebitda stands at EUR9.2 million, up 29% from EUR7.1 million in 2021.

Ebit is worth EUR8.1 million, up 28% from EUR6.3 million as of Dec. 31, 2021.

Net financial position is cash positive EUR45.2 million from a cash positive EUR35.4 million as of Dec. 31, 2021 and EUR39.7 million as of June 30 to 2022.

Nicola Turra, managing director of ABP Nocivelli, commented, "It was an extremely positive half-year especially from the point of view of services and contracts, which allowed us to achieve an excellent level of marginality despite a complex landscape especially in the construction sector, with the increase in material costs. Particular satisfaction comes from obtaining Terna's supplier qualification for an order plafond of EUR25 million, and from the award, at the end of 2022, of two Consip tenders with a total value of EUR37 million. We are very confident that we will be able to continue our growth path in 2023 as well, thanks also to the materialization of possibilities related to PNRR. We operate in a market, the energy efficiency market, that is in turmoil, where we want to continue to be leading players."

ABP Nocivelli trades in the green by 1.4 percent at EUR3.72 per share.

By Claudia Cavaliere, Alliance News reporter

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