(Finance) – Civitanavi Systemsa company listed on Euronext Milan active in the design, development and production of navigation and inertial stabilization systems, reported at 30 September 2022, revenues of € 19.8 million of euros, in growth of 20% compared to the 16.5 million euros recorded in the first nine months of 2021. Operating revenues, net of the change in inventories of finished and semi-finished products, increased by 31%.
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“I am proud to present another quarter of positive and steadily growing results. We remain focused on achieving the
objectives and the execution of our strategy and despite the complex macroeconomic context, we have made important progress on the main lines of business “, commented Andrea PizzarulliChief Executive Officer of Civitanavi Systems, mentioning the good performance of the Aerospace and Defense segment and the partnerships launched during the quarter.
“We will continue with the commitment that distinguishes us – concluded the CEO – to evaluate opportunities for the development of new projects with the main operators in the sector, looking above all at innovative mobility solutions and expanding markets, to further consolidate our trajectory of growth”.
At 30 September 2022, the Civitanavi Booking was equal to 28.9 million euros with a book to bill of 1.46. As of October 28, 2022, the orders received amounted to 30.4 million of euro, exceeding what was recorded in the 12 months of the previous year, confirming the company’s growth trend.