(Alliance News) - DiaSorin Spa reported Friday that it reported first-quarter net income of EUR46.0 million, up from EUR42.0 million in the same period of 2023, and adjusted net income of EUR59 million in line with the March 31, 2023 figure.

Revenues increased to EUR289 million, stable from EUR290 million in the first quarter of the year before.

Adjusted Ebitda amounts to EUR97 million from EUR98 million in the same period. Ebitda rises to EUR96 million from EUR93 million a year earlier.

Adjusted Ebit drops to EUR74 million from EUR75 million in the first quarter of 2023. Ebit as of March 31, however, is EUR63 million from EUR60 million in the first three months of the previous year.

Net debt is EUR749 million, down from EUR776 million as of Dec. 31, 2023. Free cash flow is EUR42 million from EUR28 million as of March 31, 2023.

In light of the first quarter results, DiaSorin reported confirmation of full-year guidance.

DiaSorin gains 2.9 percent to EUR95.98 per share.

By Chiara Bruschi, Alliance News reporter

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