(Finance) – Zignago Glassmanufacturer of hollow glass containers listed on Euronext STAR Milan, has registered consolidated revenues equal to 464.3 million euros in first nine months of 2022, compared to € 354.2 million in the corresponding period of the previous year (+ 31.1%). Revenues outside Italy amounted to 141.4 million euros (+ 32.3%) and represent 30.4% of revenues (+ 32.3%).
L’Consolidated EBITDA was equal to 97.3 million euro, up by 1.9% and equal to 21% of revenues (27% at 30 September 2021). Net profit amounted to € 44.1 million, compared to € 43.8 million in the first nine months of 2021 (+ 0.7%).
L’net financial debt amounted to € 281.3 million, compared to € 250.5 million at December 31, 2021 and € 261 million at September 30, 2021. liquid assets amounted to 102.5 million euros at 30 September 2022, compared to 69 million at the same date in 2022 and 131 million at 31 December 2021.
The company expects demand for glass containers to remain at good levels in the coming months as well. Emphasize that “thecost increase of the main raw materials and the fluctuation of those of energy, as well as theadjustment of sales prices which took place in the last part of the third quarter, will prospectively be the most important elements in terms of marginality results “.