Civitanavi Systems Spa Posts 63% Increase in Turnover and Enters Stock Market at 3.98 Euros Per Share – Alliance News Update 2023

2023-11-07 14:51:05

(Alliance News) – Civitanavi Systems Spa on Tuesday approved the turnover for the nine months ended September 30, which amounts to 32.6 million euros, compared to 19.8 million euros recorded during the nine first months of 2022.

“The same net change in stocks of finished and semi-finished products increased by 63% during the first nine months compared to the same period in 2022. This significant increase is mainly driven by sales of goods, which have more than doubled compared to the same period of the previous year – up 103% -, thanks to the dynamics of the Aeronautics and Defense and Industrial divisions”, we can read in the published note.

As of September 30, bookings stood at €32.1 million, up 11% from the previous year.

Civitanavi Systems entered the stock market on Tuesday at a price of 3.98 euros per share.

By Maurizio Carta, journalist at Alliance News

Comments and questions to redazione@alliancenews.com

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

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