(Alliance News) - RES - Sustainable Ethical Recovery Spa reported that it closed 2023 with a net profit of EUR2.0 million from EUR1.4 million as of December 31, 2022.

Value of production amounted to EUR20.7 million from EUR17.9 million in 2022 and up 15 percent.

Adjusted Ebitda stands at EUR5.1 million from EUR3.3 million pro forma in 2022, up 52% from 2022.

Ebitda margin stands at 24.5 percent from 18.5 percent in the previous year.

Net financial debt is EUR1.6 million from EUR2.9 million in 2022.

By Claudia Cavaliere, Alliance News reporter

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