(Finance) – In the first nine months of the year i Revenues Of Forestry Chemical Industries they stood at 60.3 million, on a like-for-like basis (excluding the contribution of the Langè division) at 56.8 million, compared to 65.7 million in the same period of the previous year due to the continuation of complex global economic conditions which impact final consumption in the sectors in which the ICF Group operates.
EBITDA is equal to Euro 6.5 million, on a like-for-like basis equal to Euro 6.8 million, up 35% compared to the first nine months of the previous year, with EBITDA margin which stands at 10.8% (12% on a like-for-like basis), an increase compared to 30 September 2022 (EBITDA margin at 7.3%) and which confirms the “double digit” trend also recorded in the previous quarters of 2023.
Net financial debt of the Group improved, reaching Euro 13.9 million, compared to Euro 15.8 million at 30 June 2023 also following the improved margins.