(Alliance News) – Industrie De Nora Spa on Thursday revised the preliminary figures from December 31, reporting a consolidated income of more than EUR 850 million from EUR 615.9 million in 2021 and marked an increase of ‘ 38 percent.
The adjusted Ebitda is expected to more than EUR 190 million from EUR 126.7 million in the same period last year and an increase of 50 percent.
“The growing backlog of more than 44 percent as of December 31, 2021 to approximately EUR 790 million, a record level in the company’s history, testifies to the solid growth prospects in duration of the group and supports revenue visibility in 2023. The Energy Transition division’s backlog contributes more than EUR190 million with a commercial pipeline of additional projects expected to grow strongly,” the company explained in a note.
The Net Financial Position shows cash of EUR48.1 million improving from net debt of EUR188 million as of 31 December 2021.
The company announced that Roberto Cingolani has been appointed by co-optation as a new independent member of the board of directors and a new member of the Strategy Committee.
On Wednesday, Industrie De Nora closed in the green by 2.9 percent at EUR17.55 per share.
By Claudia Cavaliere, Alliance News reporter
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