(Finance) – Edil San Felicean operator active in the critical infrastructure maintenance sector in Italy and listed on Euronext Growth Milan, closed the 2023 with a Production value equal to 45.8 million euros, up by 33.6% compared to 31 December 2022. TheEBITDA is equal to 11.6 million euros, compared to 6.9 million euros reported at 31 December 2022 with a marginal profitability that goes from 20.1% to 25.2%, and a result operating income of 8.5 million euros, up 18.6%.
“2023 was a historic year for Edil San Felice, with the decision to open up to the market through the listing on the stock exchange which took place in September 2023 – commented theCEO Lorenzo Di Palma – The trust that investors place in us on a daily basis is pushing us towards new goals and towards growth which is perfectly reflected in the financial results that we have approved, with a production value growing by 33.6%, an EBITDA growing by 68%, 8% – with an improvement in percentage margins – and a net profit amounting to 8.5 million, which further strengthens our capital structure”.
“Results that confirm how the market is rewarding a reliable, solid and versatile company like Edil San Felice – he added – For the near future we expect a trend in line with the growth in demand for increasingly secure infrastructures which we are witnessing. The record results of 2023, the ambitions we have for 2024 and the exceptional visibility on our order book allow us to look with strengthened confidence and achieve the objectives set during the listing phase.”
L’net financial debt at 31 December 2023 it was equal to 5.1 million euros in net cash (compared to 2.1 million at 31 December 2022). This result positively benefits from the net proceeds of the listing on Euronext Growth Milan for approximately 9.5 million.
The Backlog amounts to 80.5 million euros. This value represents a coverage of almost twice the turnover recorded in the year 2023. This figure is in strong growth compared to the figure reported in 2022, equal to 64.5 million euros.