(Alliance News) - DHH Spa reported Wednesday that the board approved its first quarter figures, ending the period with a net profit that rose to EUR1.2 million from EUR34,000 last year.

Revenues from consolidated sales grew to EUR8.9 million from EUR8.1 million in the first quarter of 2023, up 10 percent.

Ebitda amounted to EUR3.2 million, up from EUR2 million, an increase of 58 percent and an Ebitda margin of 36 percent. "This improvement reflects the scalability of DHH's business model, which is characterized by stable personnel costs despite increased revenues and reduced expenses for datacenters, networks, and professional services," the released note reads.

Debt was reduced to EUR6 million, down EUR538,000 from the end of the previous year.

DHH on Wednesday trades in the green by 2.0 percent at EUR20.40 per share.

By Maurizio Carta, Alliance News reporter

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