(Alliance News) - Sesa Spa reported Thursday that it closed the year as of April 30 with adjusted net income attributable to the group of EUR106.4 million, up 4.1 percent from EUR102.3 million as of April 30, 2023.

Consolidated revenues and other income amounted to EUR3.21 billion from EUR2.90 billion in 2023 and marked a 10 percent growth.

Consolidated Ebitda amounted to EUR239.5 million from EUR209.4 million a year earlier.

Adjusted Ebit was EUR192.7 million from EUR167.7 million, up 15 percent.

Consolidated Net Financial Position as of April 30 was EUR211.0 million in surplus compared to EUR239.5 million as of April 30, 2023.

"In light of the positive growth expectations in the strategic areas of the business in which it operates," the company confirmed the favorable outlook for the year, continuing the growth path in terms of revenues, employment and operating profitability, with investment focus on the strategic areas of Cloud, Security, Digital Platforms, Data/AI.

The company expects revenues to grow in the 5.0-10% range year-on-year, with increased market share in all group sectors. Ebitda is expected to grow in the 5.0%-12.5% range, with a continuation of the trend of increasing Ebitda margin to 7.6% vs. 7.5%.

Investments in the year - Capex and M&A - are expected to amount to about EUR100 million with focus in the strategic areas of Cloud, Security, Digital Platforms, Data/AI.

Sesa's stock trades in the red by 7.7 percent at EUR109.90 per share.

By Chiara Bruschi, Alliance News reporter

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