(Alliance News) - Civitanavi Systems Spa on Thursday reported that it closed the first quarter with operating revenues net of PF and SL var Inventories of EUR6.62 million from EUR6.63 million as of March 31, 2023.

Operating revenues for the period amounted to EUR7.2 million from EUR8.0 million in last year's first quarter.

The company said the growth outlook for 2023 remains in line with expectations, despite a series of slowdowns.

By business area, revenues stood at EUR5.0 million from EUR4.7 million for total aerospace and defense and EUR1.58 million from EUR1.55 million for industrial.

By geographical area, in Italy, revenues stood at EUR1.2 million from EUR610,000 in the first quarter of 2023, while in EMEA - excluding Italy - they amounted to EUR4.4 million from EUR5.8 million.

To date, orders received in 2024 stood at EUR8.6 million.

Civitanavi Systems is flat at EUR5.96 per share.

By Claudia Cavaliere, Alliance News reporter

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