(Alliance News) - The board of directors of Poligrafici Printing Spa reported that the company in 2022 ended the year with a consolidated profit of EUR2.4 million from EUR1.9 million as of Dec. 31, 2021.

The company proposed the distribution of a dividend of EUR0.0295 per share.

Consolidated revenues amounted to EUR28 million from EUR27.4 million, an increase of 2.4 percent mainly due to an increase in print revenues.

The company reported that the printing contract for the daily newspaper Gazzetta di Parma was renewed.

Ebitda stood at EUR6.1 million compared to EUR6.5 million in 2021 with an Ebitda margin of 23.9% of printing revenues.

Consolidated Net Financial Position calculated according to the ESMA recommendation shows net debt of EUR6.8 million compared to debt of EUR7.4 million recorded as of December 31, 2021.

Poligrafici Printing trades up 3.8 percent at EUR0.38 per share.

By Claudia Cavaliere, Alliance News reporter

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