(Alliance News) - Piquadro Spa on Monday approved its draft financial statements for the year running from April 1, 2023 to March 31, 2024, and its consolidated financial statements as of March 31, 2024, reporting a 62 percent increase in profit to EUR10.5 million from EUR6.5 million a year earlier.

Revenues are EUR185.5 million up from EUR177.6 million a year earlier.

Ebitda is EUR32.0 million up from EUR27.7 million as of March 31, 2023.

Ebit is EUR14.8 million, up from EUR11.9 million as of March 31, 2023.

Adjusted Net Financial Position is EUR16.8 million positive from EUR22.8 million as of March 31, 2023.

Piquadro's board of directors, the note says, will propose to the next shareholders' meeting the distribution of a dividend of EUR7 million per share to be determined on the basis of outstanding shares taking into account treasury shares.

Piquadro's stock is 2.3 percent in the red at EUR2.17 per share.

By Chiara Bruschi, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.