(Alliance News) - Bellini Nautica Spa reported a 40 percent increase in the value of production in 2022, to EUR15.2 million from EUR10.8 million a year earlier.

Ebitda dropped to EUR1.9 million from EUR2.2 million in 2021 while the adjusted figure marks a slight increase to EUR1.8 million from EUR1.7 million a year earlier.

Operating income falls to EUR1.2 million from EUR1.8 million while net income rises to EUR670,000 from EUR1.3 million a year earlier, mainly due to lower extraordinary items.

The company's financial debt stands at EUR2.2 million from EUR2.1 million at the end of 2021.

From the beginning of the year to date, the company reported a backlog of EUR3.6 million, consisting of 13 boats, including five Vintage Riva boats.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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