(Tiper Stock Exchange) – Services Italylisted on Euronext STAR Milan and leader in the sector of integrated rental, washing and sterilization services for textile materials and surgical instruments for hospitals, closed the first quarter of 2023 with a sales consolidated value of 72.6 million euros, up by 11% (+11.8% at constant exchange rates) compared to 31 March 2022.
L’EBITDA consolidated rose from 13.3 million in the first three months of 2022 to 18 million in the same period of 2023 with an EBITDA margin up by 450 bps from 20.3% to 24.8% of revenues. L’Net income amounted to 2.3 million euros, compared to a net loss of 0.3 million in the same period of 2022.
There net financial position consolidated therefore went from 119 million as at 31 December 2022 to 136 million as at 31 March 2023 with a negative change of 17 million.
“In a market context still partially spoiled by the onerousness of the main energy commodities, the progressive inflationary adjustment of prices and a significant growth in volumes handled have led the group to close the first three months with decidedly positive operating results”, he commented on president Roberto Olivi.
“However, we are aware that the near future will present new challengesabove all the growing cost of money driven by the sudden increase in interest rates – he added – The adequate rationalization of investments and balanced management of working capital will be fundamental in the coming months to allow a coherent economic and financial evolution in order to protect all stakeholders and preserve the value generated by the group”.