(Finance) – RedFish LongTerm Capital (RFLTC), an industrial holding company listed on Euronext Growth Milan, closed the first half of 2023 with revenues of consolidated sales and services equal to 4.9 million euros, of which 4.8 million relate to the revenues from sales and services of the Movinter company. L’EBITDA consolidated amount is equal to 515 thousand euros, compared to -315 thousand at 30 June 2022, with a EBITDA Margin at 10.6%. The operating result is equal to 61 thousand euros, compared to a loss of 122 thousand euros at 30 June 2022.
“We are satisfied with the goals we have achieved – commented Andrea Rossotti, founder and CEO – The results of the first half of the year, the first to be listed, speak of RedFish as a company that looks forward, aware and capable of navigating a difficult environment. The first part of the year was dedicated to search for new investment opportunities in excellent Italian companies and constant monitoring of the existing portfolio; in some cases also to the increase in investment in companies already in the portfolio. Strengthening the foundations for solid growth, even if it takes longer, is what we are aiming for. And our subsidiaries are giving us satisfaction. Meanwhile, the improvement in production value, net operating profit and EBITDA push us to continue in this direction.”