(Alliance News) - Garofalo Health Care Spa reported first quarter net income of EUR10.1 million from EUR8.7 million as of March 31, 2023.

Revenues for the period stood at EUR126.1 million from EUR92.3 million in 2023.

Adj Ebitda as of March 31 was EUR25.1 million from EUR18.8 million in Q1 2023.

Net financial position was EUR206.8 million.

Capital expenditures stood at EUR5.4 million.

In addition, the company initiated a buyback program.

Garofalo Health Care trades in the green by 2.1 percent at EUR4.93 per share.

By Claudia Cavaliere, Alliance News reporter

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