The Italian Sea Group, revenues and profitability growing in the 1st quarter

The Italian Sea Group revenues and profitability growing in the

(Finance) – The Italian Sea Group closed the first quarter with growing revenues and profitability. The volume of revenues, equal to 95.6 million eurosrecord one growth of 12.2% compared to 85.2 million euros in the first quarter of 2023. EBITDA stood at 16.1 million of Euros, up 16.6% compared to the 13.8 million Euros of the first quarter of 2023.

The overall value of the order book (Order Book) is equal to 1,344 million Euros as of March 31, 2024. mainly relating to the completion of the interventions to enhance the production capacity of Celi 1920, the “TISG NEW ERA” project for the expansion
of the commercial offices and the expansion of the Upholstery and Steel Business Units of the Marina di Carrara Headquarters.

Investments for the period amounted to 2 million euros. Net Financial Debt equal to 25 million Euros, compares with a positive Net Financial Position of 2 million Euros as of 31 December 2023. The change is mainly attributable to the extension of the state concession of Marina di Carrara for a further 29 years, from 31 December 2043 as of December 31, 2072.