Beewize reduces loss in 1st semester

Intercos grows by double digits in the half year revenues

(Finance) – Beewize closes the first semester with a Net income within the Group’s competence negative for 673 thousand euros (with an impact on net revenues of -25.4%) clearly improving compared to the first half of 2022 in which it was negative for 1.788 million.

THE revenues net amounting to 2.654 million euros, they result up by 2.3%while the result of the ordinary management it is negative for 385 thousand euros. EBITDA is negative and equal to 392 thousand euros and EBIT is in the red for 592 thousand euros. All economic indicators, although remaining negative, are clearly improving compared to the same period in 2022.

As of June 30, 2023the net financial debt consolidated is negative for 6.965 million euros, while it was equal to 6.765 million at 31 December 2022. Compared to 31 December 2022, Total financial debt increased by 200 thousand euros.

tlb-finance