(Alliance News) - The board of Poligrafici Printing Spa on Tuesday approved the quarterly report as of March 31, 2024, closing with a profit of EUR300,000, the same as that recorded in the same period of 2023.

Consolidated revenues amounted to EUR5.3 million compared to EUR6.1 million recorded as of March 31, 2023. The decrease compared to the same period in 2023, which was also included in the company's forecast, is attributable to the non-renewal of the printing contract for the daily newspaper "Il Tirreno" and the revision of the printing contract with Editoriale Nazionale.

Consolidated EBITDA was EUR1.1 million compared to EUR1.2 million recorded as of March 31, 2023. Ebitda margin is 23 percent of printing revenues compared to 21 percent recorded in the same period of the previous year.

Consolidated Net Financial Position calculated according to ESMA recommendation shows debt of EUR7 million compared to debt of EUR6.6 million as of December 31, 2023.

Poligrafici Printing on Tuesday is flat at EUR0.36 per share.

By Maurizio Carta, Alliance News reporter

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