(Finance) – Porto Aviation Groupa company listed on Euronext Growth Milan and active in the aeronautical sector, closed on 2023 with a production value equal to 3,547 thousand euros, compared to 2,400 thousand in the financial year ended 31 December 2022 (+48%). THE revenues are equal to 2,916 thousand, compared (+20%), theEBITDA stands at 603 thousand euros (compared to 35 thousand recorded at 31 December 2022), while theEBIT it stands at 335 thousand euros (compared to 638 thousand at 31 December 2022).
“2023 was a great year for our company, which thanks to extraordinary events such as the listing on Euronext Growth Milan and the financing obtained pursuant to Law 808/1985, has managed to continue and significantly accelerate the growth path already undertaken in recent years – commented the ‘AD Alberto Porto – We have grown as aircraft products, as internal resources and the development of the new Risen-4 seat aircraft model is very advanced. We expect further growth in 2024 with improvement in efficiency margins and in addition to the new model also further development of foreign markets”.
There Net Financial Position it is positive (in cash), equal to 762 thousand euros, compared to 108 thousand at 31 December 2022, an increase of 606%.
During 2023, 11 aircraft were delivered. A deposit was paid for all contracts. Net of abandonments or production suspensions (11), the company has a backlog of 14 aircraft.
The Board of Directors decided to propose to the meeting of set aside the profit equal to 209,841 euros to the extraordinary reserve net of the allocation to the legal reserve.