Esautomotion, revenues up 18.1% in the first quarter

Esautomotion revenues up 181 in the first quarter

(Tiper Stock Exchange) – Esautomotiona company listed on Euronext Growth Milan and active in the industrial automation sector, closed the first quarter of 2023 with revenues equal to 9.68 million euros, up by 18.1% compared to the same period of 2022. The figure confirms the growth trend, which already started in the second half of 2020 and continued sustainably in 2021 and 2022, ” despite the persistent difficulties in sourcing components and raw materials, as well as in transport”, underlines the company.

The growth of China (+14%) and Türkiye (+28%), which represent the most important export markets for the group, and ofItaly (+8%).

“We are satisfied with the results obtained despite the persistence of supply and logistics difficulties – commented the President Franco Fontana – We maintain a good order book. In the second half of 2023, with the execution of the acquisition of Sangalli Servomotori, we are counting on significant growth, strengthened by internal and external lines, both on the rise”.

There Net Financial Position Consolidated remains positive for 11,248 thousand euros, with a slight improvement of 479 thousand euros compared to 12/31/2022.

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