(Alliance News) - The board of directors of Marzocchi Pompe Spa on Tuesday announced that it has reviewed some preliminary figures for fiscal year 2022, reporting consolidated net revenues of EUR48.4 million, up 19 percent from the 2021 figure of EUR40.5 million.

This result represents an all-time high achieved by the group.

Sales development was driven by both the Core business segment for EUR38.8 million, up 21% on 2021 and accounting for 80% of total sales, and the Automotive segment, for EUR9.6 million, up 12% on 2021.

The export share stood at 75%, up from 73% in 2021. Of note is the growth in America up 44%, which remains the top market geographically for Marzocchi Pumps, accounting for more than a third of total sales.

The Net Financial Position as of December 31, 2022 further decreased to EUR7.4 million, down 21% from the first half of 2022 - by EUR9.4 million - and 5% from 2021 - by EUR7.8 million.

"This demonstrates the proven equity and financial strength of the group, as well as its great ability to generate cash flow even in contexts of significant business growth," the company explained in a note.

Marzocchi Pompe on Monday closed up 0.2 percent at EUR4.10 per share.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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