(Alliance News) - RES - Sustainable Ethical Recovery Spa on Friday reported that it closed the first half of the year with net revenues of EUR9.4 million, while production value rose 13 percent over 2022 to EUR9.8 million.

As of June 30, profit was EUR899,000.

Adjusted Ebitda stood at EUR2.3 million with an adjusted Ebitda margin at 23.8 percent.

Net financial position was EUR6.5 million as of June 30 from a negative EUR3.3 million as of December 31, 2022.

RES - Sustainable Ethical Recovery is flat at EUR4.40 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.