Olidata Spa Announces Strong Financial Results in First Half of 2023

2023-09-22 16:48:06

(Alliance News) – Olidata Spa announced on Friday that it closed the first half of the year with revenues up to 25.1 million euros, compared to 15.7 million euros for the same period of the year. ‘last year.

The company’s EBITDA increased from 963,000 euros to 1.1 million euros, while operating profit improved from 768,000 euros to 904,000 euros.

Net profit increased from 369,900 euros in the first half of 2022 to 465,000 euros.

The medium and long-term net financial debt amounts to 4.1 million euros, compared to 2.9 million euros as of December 31, 2022, and is mainly composed of non-current financial liabilities linked to loans and borrowings of the Sferanet subsidiary and non-current financial assets.

I am proud, said Cristiano Rufini, CEO of the company, of the results achieved to date and of being able to continue the story of a great brand, Olidata, which has contributed to the IT development of this country. Always attentive to financial balances, but never neglecting the well-being of employees, whom I thank. The objective was not a foregone conclusion, but the results and the strong interest of our shareholders confirm that we are on the right track.”

Olidata shares closed down 2.4 percent on Friday at EUR 0.83 per share.

Par Giuseppe Fabio Ciccomascolo, senior journalist of Alliance News

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2023 Alliance News IS Italian Service Ltd. All rights reserved.

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