(Alliance News) - The board of Powersoft Spa on Thursday approved the consolidated half-yearly report as of June 30, which closed with a positive consolidated net income of EUR5.2 million, up from EUR1.4 million recorded in the first half of 2022, and with a 16 percent margin on sales.

Revenues were EUR33.0 million compared to EUR19.7 million in the same period last year.

Consolidated EBITDA for the first half of 2023 totaled EUR8.6 million, up 134 percent, and with a revenue margin of 27 percent, up from the first half of the previous year when the margin was 19 percent.

During the first half of 2023, "operating structure costs, and in particular personnel-related expenses, recorded an increase in absolute value but less than proportional to the same period of the previous year, a sign of the continuous investments aimed at pursuing the company's growth objectives and in particular increasing sales volumes," the company explains.

Consolidated Ebit was EUR7.3 million, up from EUR2.5 million in the first half of 2022, with the Ebit margin rising from 13 percent to 22 percent.

The Group's net financial position as of June 30, 2023 was EUR15.0 million positive compared to EUR24.3 million as of December 31, 2022.

Powersoft Thursday trades in the green by 3.6 percent at EUR8.55 per share

By Maurizio Carta, Alliance News reporter

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