(Alliance News) - Piquadro Spa on Tuesday reported consolidated sales figures for the first nine months ended Dec. 31, 2022, amounting to EUR126.8 million and up 16 percent from the same period last year, when they were EUR109.4 million.

Marco Palmieri - president and CEO of the Piquadro Group - commented, "The first nine months of the fiscal year closed with an important growth in turnover. The important increases recorded on all three of the Group's brands lead us to assume that we can close the 2022-2023 fiscal year with Group sales between EUR170 and EUR175 million and adjusted Ebitda close to EUR15 million."

Piquadro on Tuesday trades in the green by 1.6 percent at EUR1.95 per share.

By Maurizio Carta, Alliance News reporter

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