(Alliance News) - On Monday, the board of directors of Valsoia Spa approved the results for fiscal year 2022, which closed with a net profit for the period of nearly EUR8.0 million, up from the previous year by 8.3 percent, when it amounted to EUR7.3 million.

This stands at 7.9 percent of revenues compared to 8.1 percent for the same period in 2021.

The board proposes to the shareholders' meeting to allocate to the extraordinary reserve about EUR3.9 million, and a dividend of EUR0.38 per share.

In the year 2022, the company reported sales revenues of EUR101.3 million, an increase of 11 percent from the previous year-end when they were EUR90.9 million.

As a result, operating margin for the year was EUR12.4 million, down 5.8 percent compared to the previous year ended EUR13.2 million, recording an operating margin percentage ratio of 12 percent compared to about 15 percent in FY 2021.

"The reduction in the percentage Ebitda margin is clearly attributable to the slight contraction in absolute margins compared to the strong growth in revenues in the year," the company note reads.

As of Dec. 31, 2022, the company's Adjusted Net Financial Position was approximately EUR27.1 million, up more than EUR1.7 million from the beginning of fiscal year 2021.

Valsoia trades in the green by 0.4 percent at EUR9.68 per share.

By Maurizio Carta, Alliance News reporter

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