IMD International Medical Devices profit drops in first half of year

IMD International Medical Devices Spa on Friday reported a profit of EUR1.1 million for the first half of the year from EUR1.7 million in 2022.

Sales revenue as of June 30 amounted to EUR19.4 million from EUR20.5 million in 2022.

Ebitda was EUR2.0 million from EUR2.9 million as of June 30, 2022.

Ebitda is EUR1.7 million from EUR2.6 million in the first half of 2022.

Net financial debt is EUR200,000 from a cash positive of EUR300,000 as of Dec. 31, 2022.

The company said that “management remains focused on implementing growth strategies related to product development, brand awareness, commercial enhancement as well as the streamlining of the organizational structure.”

IMD International Medical Devices on Friday closed 2.6 percent in the red at EUR1.91 per share. Alliance News