Tenax International, profit doubles in 2023. Revenues at 20.5 million

Tenax International profit doubles in 2023 Revenues at 205 million

(Finance) – Tenax Internationala company listed on Euronext Growth Milan and one of the main producers in Europe of 100% electric machines for street cleaning and urban hygiene, closed 2023 with a Production value equal to 22.01 million euros, an increase of 19.6% compared to the 18.40 million achieved in 2022.EBITDA amounts to 2.3 million euros, an increase of 25.2%, with an EBITDA margin at 10.23% of the VdP (9.77% in 2022). L’Net incomeequal to 0.70 million euros, has more than doubled (+111.9%) compared to 2022 (0.33 million euros).

“2023 also revealed itself a year of strong growth for Tenax from all points of view – commented theAD Vincenzo Guareschi Geddes from Filicaia – All the economic data recorded a marked improvement compared to 2022, which also represented a turning point from both a commercial and economic point of view”.

“It is particularly significant that all this was done while keeping financial debt under control, which remained at a physiological level and in line with 2022 – he added – Also from a commercial point of view, 2023 achieved significant results not only from a quantitative point of view, but also from a qualitative point of view; in fact, it was the year I was in three very important markets such as the United States, South Korea and Germany have definitively startedfrom which we expect even better results in the years to come.”

There Net Financial Position of the company at the end of 2023 amounted to 5.39 million euros, compared to 4.35 million euros in 2022.