Cellularline, 1st half year results up 24.3%

Cellularline 1st half year results up 243

(Tiper Stock Exchange) – Cellularline he closed the first semester with a Adjusted result negative for 1.1 million euro, which compares with a negative result of 0.3 million euro as at 30 June 2022.

The group has achieved sales revenue of €67.8 million, up 24.3% compared to the same period of the previous year (Euro 54.6 million). The Operating income is equal to -2.7 million (-44.8 million as at 30 June 2022, or -4.9 million net of the goodwill write-down). Adjusted EBITDA is equal to 4.6 million in the period in question, up by 1.2 million Euros compared to the same period of the previous year.

Net financial debt as at 30 June 2023 it amounted to Euro 48.6 million (Euro 40.4 million at the end of 2022).

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