(Finance) – WELL YESa company listed on Euronext Growth Milan and active in the renewable energy market, closed 2023 with a Production value equal to 17.01 million euros, down compared to the previous year (30.50 million euros). L’EBITDA it is negative and equal to -1.59 million euros (1.22 million euros in 2022). The reduction compared to 2022 is attributable on the one hand to lower production volumes and on the other to the increase in production costs. The Net income it is negative for 1.73 million euros (loss of 0.22 million euros in 2022).
“The result for the period reflects the common dynamics of companies that operate on order – commented theAD Riccardo Di Pietrogiacomo – Looking to the future, we can see a new path of significant growth, supported by a backlog of orders currently worth around 52 million euros. In the medium and long term, business prospects are encouraged by the ecological transition underway in Italy and Europe which involves a market context favorable to the development of renewable energy.”
There Net Financial Position is cash negative for 0.81 million euros, an improvement compared to 2022 (cash negative for 2.32 million euros) mainly due to the repayment of debts to factoring institutions, which are reduced by 2.27 million euros .
(Photo: Zbynek Burival on Unsplash)