(Finance) – The Board of Directors of Cimolai approved the 2023 budget project, which closes with a Net income of 324 million euros, which includes the extraordinary positive result following the approval of the composition plan which allowed the redefinition of the company’s debt positions. The net result of characteristic management is equal to 8 million (+105%), while i revenues they stand at 290 million euros, in line with what was achieved the previous year, and the Ebitda to 25 million euros (+15% on 2022). The net financial position is equal to 120 million euros.
The performances of the whole are excellent Cimolai Groupwhich achieves aggregate revenues of 390 million euros, in line with 2022, and boasts order book in March 2024 of 810 million euros. Among the main projects currently underway are: ithe largest telescope on the planet (ELT -Extremely Large Telescope) in the Chilean Atacama Desert, lot 2 of line 17 of the Paris Metroi JFK bridges in New Yorkmodules for the liquefaction of gas for the Baker & Hughesand in the metropolitan area of the City of Milan the Arena Santa Giulia and the new railway station of Sesto San Giovanni.
The growth in results confirms the current industrial strategy which envisages a focusing development on consolidated markets, such as Italy, Europe and the United States. Also noteworthy is the ongoing execution of the composition procedurewith the Company having completed the payment of all preferential creditors, outside of those for which a rescheduling agreement has been defined.
“The positive results of 2023 and the current order portfolio, despite the financial crisis of 2022, testify to the industrial solidity of our company and the improvement process undertaken – declares Marco SciarraPresident of Cimolai Spa – aware of the trust that our customers, suppliers and credit institutions place in us, also confirming our solid international reputation with over 75 years of history”.