Xenia, profit rises to 1.4 million euros in 2023. Revenues +11%

Xenia profit rises to 14 million euros in 2023 Revenues

(Finance) – Xenia Hotellerie Solutiona company listed on Euronext Growth Milan which provides hospitality services through three business lines in the tourism-hotel sector, closed on 2023 with revenues equal to 50.3 million euros, up 11% compared to the 45.4 million achieved in the previous year, with a positive trend in all business lines. L’EBITDA amounts to 4.6 million euros, up by 28%, with a further increase in profitability which, in terms of EBITDA marginfrom 8% in 2022 to 9.1% in 2023. The Net income is equal to 1.4 million euros, an increase of 56%.

“The 2023 result has confirmed our expectations for all the company’s business lines: Accommodation; Phi Hotels and Distribution – commented onAD Ercolino Ranieri – The recovery trend, after the years of the Covid-19 pandemic, appears more structural. The year 2023 was also the year of the company’s listing on the stock exchange after a journey of approximately twelve months during which, although a lot of energy was dedicated to this important objective, Xenia further consolidated its internal structure and implemented growth of their businesses in quantitative and qualitative terms”.

“We are therefore comforted by this result and we are also aware that 2024 will be an even more challenging year and with very important challenges in a sector with great changes underway,” he added.

There Net Financial Position (Debt) improved from 10.1 million euros at 31 December 2022 to 6.2 million euros at 31 December 2023, thanks to the decrease in financial debts and medium-long term IFRS16 debts.