(Finance) – Piovan closes the first half of the year with total consolidated revenues and other income of 290.1 million, up 21.9% compared to 30 June 2022 (+15.0% with the same consolidation perimeter).
Consolidated Adjusted EBITDA amounted to 37.7 million (13.0% of revenues and other income) up by 37.9% compared to 30 June 2022 (+32.6% with the same consolidation perimeter and excluding certain non-recurring items).
The Operating income (EBIT) consolidated, excluding the effects of IPEG’s Purchase Price Allocation (“PPA”), stands at 32.5 million (11.2% of revenues and other income), up by 10.8 million (+49, 7%) compared to 30 June 2022.
The Net income consolidated amount of 21.8 million (with an incidence on revenues and other income of 7.5%), increased by 6.9 million (+45.7%) compared to 30 June 2022.
There Net Financial Position consolidated negative which stands at 102.6 million. Excluding the effects of the application of IFRS 16, the negative consolidated net financial position at 30 June 2023 would stand at 84.7 million.