2023-09-26 10:40:05
(Alliance News) – STAR7 on Tuesday announced a 34% drop in first-half profit to 1.0 million euros, compared to 1.5 million euros in the same period last year.
As of June 30, turnover amounted to €50.9 million, up 28% compared to €39.6 million recorded in 2022.
Ebitda amounted to €6.9 million, down 4.3% from €7.2 million recorded in the first half of 2022, with an Ebitda margin of 13.6%. , compared to 18.2% last year. Adjusted Ebitda amounted to €7.5 million.
As of June 30, the net financial position of the STAR7 group was negative 33.6 million euros, down 1.5 million euros compared to the end of 2022, which was negative 35.1 millions of euros.
The evolution of the first months following June 30 confirms a good performance of operations, despite an environment made complex by inflation and the continued increase in the cost of capital. For the full year, STAR7 expects a positive financial result.”
The STAR7 share price remains unchanged at 7.30 euros.
By Claudia Cavaliere, journalist at Alliance News
Comments and questions to redazione@alliancenews.com
2023 Alliance News IS Italian Service Ltd. All rights reserved.
1695732881
#STAR7 #reduces #halfyear #profit #increases #turnover #September #p.m