(Finance) – During the first half of 2024 the group Italian Wine Brands has created a Gross Operating Margin Adjusted higher than that estimated by the financial market equal to Euro 21.9 million which compares with an Adjusted Gross Operating Margin of the first half of 2023 equal to Euro 17.3 million. The margin on turnover grew to 11.4% compared to 8.7% in the first half of 2023.
THE Sales revenue fell by 2.8% to 191.2 million euros, while the Net result to 9.1 million (+97.6%).
As of June 30, 2024, the Group presents a Financial debt net (excluding IFRS16 effect) equal to Euro 93.5 million, lower than that estimated by the financial market and lower than the net financial debt at 30 June 2023, equal to Euro 138.5 million.