TraWell Co. SpA Approves 2023 Financial Plan Showing Significant Improvement From 2022: Revenues €30.3M, EBITDA €10.2M (+14%), Net Profit €3.3M (+159%)
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430004233/en/
Preliminary Results show a strong improvement across all KPIs (Graphic: Business Wire)
Financial and Asset Results Analysis as of
Revenues reached €30.3 million, an increase of €4.0 million (+15% compared to the same period in 2022), confirming the company's international diversification.
EBITDA was €9.9 million, up €0.9 million from 2022. The EBITDA margin stood at 32.6%. This result was driven largely by €5.7 million from operations at managed airports, which benefited from the full recovery of passenger traffic and new concessions activated during 2023.
Adjusted EBITDA amounted to €10.2 million, calculated by deducting extraordinary and non-recurring items from EBITDA, related to employee transaction costs in
EBT (Earnings Before Tax) was positive at approximately €4.2 million. This figure is influenced by the items impacting EBITDA, as well as depreciation of €0.7 million, right-of-use asset depreciation of €3.4 million, provisions of €0.1 million, and net financial charges of about €1.5 million.
The Net Result was positive at approximately €3.3 million, an increase of €2.0 million compared to the same figure in 2022.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240430004233/en/
Edoardo Zarghetta
Investor.relations@trawellco.com
Source: