(Finance) – The balance sheet for the first six months of 2023 by Bifire highlights a Production value (given which includes Sales Revenues and Other Revenues) equal to 21.8 million euros, slightly down (-3.6%) compared to the first half of 2022, which had partly benefited from government incentives (110%) .
EBITDA reached euro 5.5 million, recording a growth of 10.3% over the first half of 2022, a particularly positive figure in the difficult market context in which Bifire operates.
L’EBITDA Margin it rose to 25.2%, from 22.0% in the first half of 2022 and 20.0% in the full year of 2022, reaching historic levels of excellence.
The strong increase in profitability – explains the company in the accounting notes – was determined in part by the reduction in energy and raw material costs, but above all by the careful supply management policy and the optimization of the production process, also placing the foundations for further improvements in the medium-long term.