(Finance) – Magisa company listed on Euronext Growth Milan and active in the design, production and marketing of customized adhesive tapes, packaging products and closure systems for incontinence, recorded a Total revenues equal to 81.33 million euros in 2023down by 13.52% compared to the previous year
L’EBITDA increased by approximately 2.52 bp, reaching 15 million euros and, therefore, equal to approximately 18.44% of the value of production (compared to 14.97 million euros in 2022, equal to 15.92%) . The Net income it settles at 8.28 million euros, an improvement compared to the 7.69 million euros achieved in the 2022 financial year.
“We are very satisfied with the results obtained in the 2023 financial year, which demonstrate not only the achievement of the set objectives, but also a better performance than the market thanks to a broad-spectrum strategic vision – he commented Marco Marzi, President of Magis – Management has focused its attention on higher margin products, new markets and top clients, and this strategy has led to an improvement in our profits and excellent cash generation”.
There Net Financial Position recorded a strong improvement, equal to 8.28 million euros, going from 2.51 million euros (net debt) in 2022 to 5.77 million euros in 2023, thanks to the abundant liquidity produced by the core management equal to approximately 11 million euros (operating cash flow).
(Photo: Towfiqu barbhuiya on Unsplash)