(Alliance News) - Tenax International Spa reported Wednesday that the pre-consolidation turnover recorded in the first quarter amounted to EUR5.3 million, or 26 percent of the full-year 2023 turnover, which was EUR20.5 million.

The 2024 order backlog, which also includes sales to date, stands at EUR20.3 million, thus accounting for 99 percent of full-year 2023 sales.

The production plan approved by management, the company points out, calls for EUR12.4 million of the backlog to be fulfilled in the first half of 2024, from EUR9 million recorded in the entire first half of 2023.

Tenax International's stock closed Wednesday up 0.8 percent to EUR2.66 per share.

By Chiara Bruschi, Alliance News reporter

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