(Telestock) – Porto Aviation Groupa company listed on Euronext Growth Milan and active in the aeronautical sector, closed the first half of 2024 with a Production Value equal to 1,835,240 euros (-4% compared to the same period in 2023). This decrease is attributable to the failure to deliver 2 additional aircraft scheduled for the first half of the year, whose delivery is postponed to the second half of the year.
THE’EBITDAnegative at -344 thousand euros, shows a decrease of 1,061 thousand euros, also due to the drop in production value.
“The mid-term financial and economic data do not clearly express the real good and positive performance of the company – commented theAD Alberto Rodolfo Porto – I am satisfied with the economic and financial trend which, apart from the delay in the production of a couple of aircraft, which should be recovered by the end of the year, highlights a general growth and the effort for the new 4-seater model which should see the light in December. The forecasts from the plan are confirmed”.
There Net Financial Position is positive for 520 thousand euros, down from 762 thousand at 31 December 2023. There is an increase in inventory levels linked to the postponement in the delivery of the 2 aircraft and to greater purchases to cope with future production.
As of June 30, 2024, 3 aircraft have been delivered and the company has a backlog of 20 aircraft for approximately 6.4 million euros.