Franchetti, profit and revenues increase in the first half of the year

(Alliance News) - Franchetti Spa reported a first-half net profit of EUR171,268 from EUR148,690 in the same period last year.

Sales revenue as of June 30 amounted to EUR2.2 million from EUR1.4 million, up 55 percent a year earlier.

Value of production amounted to EUR2.9 million from EUR1.7 million as of June 30, 2022.

Ebitda is EUR475,043 from EUR185,368, up 156% from the first half of 2022.

Order backlog is EUR24.2 million with visibility to 2025.

Net financial debt is EUR315,492 from minus EUR155,690 as of Dec. 31, 2022.

Franchetti trades in the green 1.8 percent at EUR3.99 per share.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to [e-mail]

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