(Tiper Stock Exchange) – Sogefia company listed on Euronext STAR Milan and operating in the automotive components sector (it is part of the CIR), closed the first quarter of 2023 with revenues up 13.2% to 431.6 million euro, supported by the increase in production volumes (+7.3%) and the increase in sales prices (+5.4%).
L’EBITDA increased by 7.4% to 53.7 million, thanks to the growth in volumes and the stability of the contribution margin, despite the increase in energy costs. L’Net income increased by 23% to 13.2 million.
The activity generated a free cash flow of 39.6 million (43.7 million in the first quarter of 2022). L’net borrowing (before IFRS 16) fell to €186.9 million as at 31 March 2023, compared to €224.3 million as at 31 December 2022.
In the absence of factors of serious deterioration of the geopolitical and macroeconomic scenario, Sogefi for 2023 it predicts mid-single digit revenue growth and profitability, excluding non-recurring charges, at least in line with that recorded in 2022.